Understanding The Benefits Of Electronic Shelf Price Tags

1
Understanding The Benefits Of Electronic Shelf
Price Tags
2
If you have a retail store and want to be
successful, you should seriously consider using
electronic shelf price tags instead of paper
tags.  In todays environment, profitability in
any business relies on efficient purchasing and
merchandising along with ways that can help you
improve store operations as well as shopper
experience. ESLs provide real-time product
positioning, something that makes them the core
of any successful strategy for retail grocers as
well as the digital future of all stores.
3
So how exactly can electronic shelf price tags
help your business? One of the things that the
digital price tags can do is lead to decreased
inventory shrinkage.  Paper tags can be easily
moved or can fall off easily.  Since electronic
price tags are affixed more securely to the edge,
they make it much easier to spot inventory
stockouts and also ensure better compliance to
the planogram. What this means is that products
can be replaced or discounted before they expire,
something that will help avoid customer
complaints and reduce shrinkage.
4
Another benefit of electronic shelf price tags is
that it will promote access to environmental
data. Some electronic price devices have sensors
for detecting additional information, like
temperature, and warn you when your refrigeration
is approaching threatening levels. This can allow
you to fix the problem before it causes spoilt
products or reduced profit margin.
5
Last but not least, use of electronic shelf price
tags can lead to improved productivity.  In
retail business, price changes can come in large
batches throughout the week. This could lead to
staffing problems that requires employees to
spend a great amount of time on tasks that they
find boring. Making use of ESLs can help you
improve your staff allocation and ensure your
employees focus on what matters.