Benefits Of Electronic Price Tags

Investing in digital price tags is one of the things that you can do in order to increase operational efficiency and profitability in your business. It is a technology that a lot of retailers have already embraced, and it is something that you can without doubt benefit from provided that the implementation is done properly.

One of the benefits of using electronic price tag technology is the ease with which product prices can be updated. Displaying an already  outdated price can cause immediate  loss of trust towards  customers, which is something you do not want especially if you are a small  business trying to establish yourself in today’s economy. Electronic price labels make it possible to confront these needs with a lot of precision, flexibility as well as  productivity.

Changing traditional paper labels takes up to three minutes, which quickly adds to several hours of work for an entire retail store. Apart from the slower price implementation, higher probability of error and increased cost, the paper labels can also cause significant  wastage in your store. Because of the short response,  the ESLs can be updated easily during business hours without the risk mismatching a shelf and cash register price, something that can help reduce complaints.

Another benefit of  digital price tags is that they show more information. More modern ESL technology does not display just price. You can show a whole lot other information on the price tag, such as additional product information, size, nutritional facts, stock remaining  and price per weight.  This information can be added to the main label itself  or a QR can be printed and used for accessing the additional information through your store’s website or app.

For more information on the benefits of electronic price tags, visit our website at https://solumesl.com/en