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 today’s 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.