Major retailers leverage new technology for inventory management
Technology is being used to improve store operations at major retailers throughout the globe. For example, Lowe's has an inventory management system that can be accessed from mobile devices, enabling sales associates to quickly and efficiently look up information about products and their availability.
"It's been a great tool for helping customers right there on the spot," Chad Wallace, an assistant store manager at the Gaithersburg, Maryland, Lowe's told The Washington Post. "A lot of customers are impressed that we're able to use the phone to scan something on the shelf and find out the quantity."
That specific Lowe's location has more than 25 mobile devices that can be used as inventory management tools. Other applications allow employees to conduct point-of-sale transactions, look up competitor pricing and complete other tasks, all without disengaging the customer.
Retail Pro offers retailers a highly competitive solution that enables them to track inventory. This software can also be used to monitor fast-selling products, keep tabs on slow sellers and otherwise help their purchasing decisions.