As TransActPOS published in a recent blog post, every moment spent updating prices takes focus away from serving your customers. You may also decide to completely forgo updating prices during busy periods because relabeling is a time-consuming process.
For some stores, Electronic Shelf Labels may be the right solution to automate price updates and free up valuable staff time. This system allows stores to update information for hundreds of products in a matter of minutes.
Electronic shelf labels are available in multiple sizes. With room for specs and other details, the larger sizes are perfect for appliances and rental equipment. Promotional prices will automatically be applied to products upon the activation of the sale.
At the moment, TransActPOS is focused on using this technology for store retail price management. We plan to utilize other features of the electronic labels with customer feedback and hope to fully release these capabilities in 2022.
Here are some other benefits of implementing an electronic shelf label system:
- Sales clerks spend more time customer-facing, and less on labeling inventory
- Remove time spent tagging sale items
- Eliminate human error on relabeling inventory
- Managers can single-handedly run pricing operations
There is an initial investment for electronic label hardware, but for most stores this investment is returned in 12-18 months. The team at TransActPOS would be happy to walk you through the costs and project your return on investment. Schedule a time to chat with us if you are interested in exploring this option or have any other questions.