Uploaded on May 18, 2021
The Benefits of Electronic Sign Labels
The Benefits of Electronic Sign Labels
The Benefits of Electronic Sign Labels The Benefits of Electronic Sign Labels If you are thinking of switching from paper labels to electronic sign labels in your retail business, rest assured that you are making a step in the right direction. The ESLs are slowly but surely gaining popularity these days, and for good reasons. Most of the people that are already using them have nothing but nice things to say about them. In this article, we look at some of the ways that you can benefit from the ESLs. The Benefits of Electronic Sign Labels First and foremost, the electronic sign labels can lead to price optimization. Price optimization algorithms that the ESL technology uses will allow you to adjust the prices that your shoppers pay based on the buying practices, supplier prices, and much more. This technology will allow you to make immediate price changes based on recommendations from your big data system to boost revenue and growth and also enhance profit margins. The Benefits of Electronic Sign Labels Another benefit that you can get from using electronic sign labels in your retail business is price agility. Pricing changes are often time critical, and with paper tags and thousands of products to update, it can prove challenging if not impossible to complete this task effectively. When you switch to ESLs, our team can update prices and promos on any number of products in a matter of a few seconds. The Benefits of Electronic Sign Labels Last but not least, electronic sign labels can lead to decreased inventory shrinkage. The problem with paper labels is that they can fall off or be easily moved. Since electronic labels are affixed more securely to the shelf edge, it is much easier to spot inventory stockouts and make sure that there is better compliance to the planogram. What this means is that you can replace or discount products before they expire, something that will in turn help you avoid customer complaints and reduce shrinkage. The Benefits of Electronic Sign Labels For more information on the benefits of electronic sign labels, visit our website at https://solumesl.com/
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