Johnigaña1128
Uploaded on Sep 6, 2021
When most interested merchants begin to investigate whether electronic pricing is the correct investment for them, this is one of the first things they ask. There are various aspects that will influence the required investment in an electronic pricing system, and I'll break them down in this post to give you a better idea of how much it will cost and how you can save money along the way. OPTIONS FOR ELECTRONIC PRICE TAG Size: In general, the more expensive the investment, the greater the label. Telling your supplier what information you need on the label (e.g. price, product description, barcode, etc.) is a smart method to figure out which size you need; the last thing you want is a label that is so small that clients can't see it. It's also a good idea to specify the kind of products you sell and the dimensions of their product faces. Larger labels will not be possible if they are in a closely packed area (for example, spices in a store). In these situations, many customers choose to divide the screen on a larger label, which can cut the number of labels required for a business in half, saving money and space. Colours: Newer labels allow for red or yellow to be added to standard black and white screens. Whilst red is great at allowing specials to stand out, it does increase the cost slightly. It is important to ask yourself why the labels are right for your business. If you’re simply looking to maintain product margins and decrease operational costs, black and white labels may be the solution for you, but if promotions, discounts and/or bulk buys are key to your pricing strategy, then colour labels would be the way to go. The technology in the label: For shops interested in electronic shelf labels, older LCD or e-paper labels may be less expensive at first. When deciding to go with a less expensive label, however, one must exercise extreme caution; after all, they are less expensive for a reason.Cheaper labels are generally less reliable. My advice would be to choose between a reliable proven technology or sticking with an existing paper price system; instead of moving ahead with a cheaper electronic pricing system. Ensure that any investment you make comes with a one-year warranty, this is the best way to protect yourself Quantity: Like with most investments, the higher the quantity the lower the price per label. One approach that works for most retailers is to pilot the technology in one store (or part of a store if you have a lot of SKUs), then if successful, purchase electronic shelf labels for the remaining stores in one order. INSTALLATION You might be able to accomplish a lot of the installation yourself if you have handy people on your team. Self-installation is chosen by about 30% of our customers. This could be a terrific method to save money on your electronic shelf label system, depending on the complexity of your installation. Most vendors will charge per hour if you pay for installation, therefore the larger the shop, the higher the expenses. TAX REBATES Electronic shelf labels are eligible for the new coronavirus government stimulus aimed at encouraging businesses to continue to invest. Tax rebates mean many businesses could take 27.5% off their initial investment from day 1. Check with your accountant for more details. Summary: Electronic shelf labels have the potential to completely revolutionize a company. Make sure you weigh all of the benefits that the new system can provide against the financial investment. If a company decides to sell, shelf labels can be put to the asset sheet to make it more appealing to potential purchasers. So, whilst there are many ways you can save money on a system, do not risk-taking shortcuts which will prevent your business from enjoying the new system’s key advantages. For more information on the benefits of electronic shelf label system, visit our website at https://solumesl.com/
Electronic Shelf Label Cost
Electronic
Shelf Label
Cost
Electronic shelf labels have the potential
to completely revolutionize a company.
When most interested merchants begin to investigate
whether electronic pricing is the correct investment for
them, this is one of the first things they ask. There are
various aspects that will influence the required investment
in an electronic pricing system, and I'll break them down in
this post to give you a better idea of how much it will cost
and how you can save money along the way.
OPTIONS FOR ELECTRONIC PRICE
TAG
Size: In general, the more expensive the investment, the greater the
label. Telling your supplier what information you need on the label (e.g.
price, product description, barcode, etc.) is a smart method to figure
out which size you need; the last thing you want is a label that is so
small that clients can't see it.
It's also a good idea to specify the kind of products you sell and the
dimensions of their product faces. Larger labels will not be possible if
they are in a closely packed area (for example, spices in a store). In
these situations, many customers choose to divide the screen on a
larger label, which can cut the number of labels required for a business
in half, saving money and space.
Colours
Newer labels allow for red or yellow to be added to standard black and
white screens. Whilst red is great at allowing specials to stand out, it
does increase the cost slightly. It is important to ask yourself why the
labels are right for your business. If you’re simply looking to maintain
product margins and decrease operational costs, black and white
labels may be the solution for you, but if promotions, discounts and/or
bulk buys are key to your pricing strategy, then colour labels would be
the way to go.
The technology in the label
For shops interested in electronic shelf labels, older LCD or e-paper
labels may be less expensive at first. When deciding to go with a less
expensive label, however, one must exercise extreme caution; after all,
they are less expensive for a reason.Cheaper labels are generally less
reliable. My advice would be to choose between a reliable proven
technology or sticking with an existing paper price system; instead of
moving ahead with a cheaper electronic pricing system. Ensure that
any investment you make comes with a one-year warranty, this is the
best way to protect yourself
Quantity
Like with most investments, the higher the quantity the lower
the price per label. One approach that works for most retailers
is to pilot the technology in one store (or part of a store if you
have a lot of SKUs), then if successful, purchase electronic
shelf labels for the remaining stores in one order.
INSTALLATION
You might be able to accomplish a lot of the installation
yourself if you have handy people on your team. Self-
installation is chosen by about 30% of our customers. This
could be a terrific method to save money on your electronic
shelf label system, depending on the complexity of your
installation. Most vendors will charge per hour if you pay for
installation, therefore the larger the shop, the higher the
expenses.
TAX REBATES
Electronic shelf labels are eligible for the new coronavirus
government stimulus aimed at encouraging businesses to
continue to invest. Tax rebates mean many businesses could
take 27.5% off their initial investment from day 1. Check with
your accountant for more details.
Summary
Electronic shelf labels have the potential to completely
revolutionize a company. Make sure you weigh all of the
benefits that the new system can provide against the financial
investment. If a company decides to sell, shelf labels can be
put to the asset sheet to make it more appealing to potential
purchasers. So, whilst there are many ways you can save
money on a system, do not risk-taking shortcuts which will
prevent your business from enjoying the new system’s key
advantages.
For more information on the benefits of electronic shelf label
system, visit our website at https://solumesl.com/
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