Important Benefits Of Electronic Shelf Labels

1. Important Benefits Of Electronic Shelf Labels

2. If you have a retail business, you probably already know that in today’s work environment, profitability largely relies on the efficient purchasing and merchandising along with ways that help improve both store operations and shopper experience. One of the things than you can do to achieve this is using electronic shelf labels. This labeling system provides real-time product positioning. The ESLs are the core of any successful strategy for retail businesses as well as the digital future of stores everywhere.

3. There are quite a number of benefits of using electronic shelf labels. One of them is price optimization. The price optimization algorithms that ESLs use allow retailers to adjust the prices of their shoppers depending on various things, including supplier prices, buying prices and much more.  The electronic shelf labeling system allows for immediate price changes based on recommendations from a big data system in order to boost revenue and growth of your business and enhance your profit margins.

4. Another important benefit that you can get as a result of using electronic shelf labels is price agility. Changes in price are often time-critical. If you still use paper tags and have thousands of products to update, it can be very challenging or even impossible to complete this task effectively.  When you use ESLs, they can allow your team members to update promos and prices on any number of products in a matter of seconds

5. Last but not least, using electronic shelf labels can lead to decreased inventory shrinkage. The problem with paper labels is that they can fall off easily or be removed.  Since the electronic shelf labels are affixed more securely to the shelf edge, it is easier to spot inventory stock outs and make sure that there is compliance to the planogram.