Key Takeaways: RFID data collection uses radio tags and readers to identify hundreds of items per second without line of sight, replacing one-at-a-time barcode scans. Retailers using RFID move from a typical 63% inventory accuracy baseline to 95% or better, according...
Effective equipment inventory management is a critical responsibility for many businesses and organizations. Keeping accurate records of equipment assets—from acquisition to retirement—optimizes efficiency, performance, and costs. That is true whether you need to...
Trade spend is one of the biggest drivers of retail growth, but it’s often misunderstood. Simply put, trade spend is the money manufacturers invest in helping retailers sell more. This article explains what trade spend is, why it matters, its common forms, and how to...
The Average Cost Inventory Method simplifies how retailers value their stock by calculating a single weighted average price for all units. Businesses use it to determine cost of goods sold and ending inventory values without tracking individual purchase prices....
What is shrink in retail? Simply put, it’s the inventory you paid for but can’t account for through sales. Every retailer deals with it, but few fully understand where it comes from or how much it actually costs them. In the sections below, we’ll...
