Things To Do When Implementing Digital Price Tag Technology

If you are thinking of implementing digital price tag  technology in your retail business, you need to know what to do to make sure that the implementation is not only successful, but you also get value for money. There has never been a better time to fully consider the impact of the ESL technology on your retail ticketing strategy.  The following are some of the things you need to know during implementation.

 First of all, you need to know if the ESL is able to send acknowledgements of price changes.  To make sure that there is pricing integrity, the ESL device that you will install in your store must be able to receive and send data. The head office of your retail business will want to know if the price changes sent to the ESL is received and published on the device. If you choose an ESL device that does not have a 2-way capability, you will leave yourself exposed to pricing integrity issues and, in the worst case scenario, compliance problems.

Another question you need to ask yourself when adopting digital price tag in your business is if the ESL accommodates large volumes of pricing changes. If your store network is large or you make multiple pricing changes in a short period of time, the speed of transmission for the electronic shelf labelling system is very important. The transmission rates for ESL are broad, ranging from 1,000 changes per hour to hundreds of thousands of changes every hour. You need to make sure that the vendor you will choose is able to handle the volumes that your store requires.

For more tips on what to do when implementing digital price tag technology in your business, visit our website at https://solumesl.com/

The Benefits of the Electronic Shelf Labeling System

If you have decided to venture into retail business, one of the things you can do in order to be as successful as you want is using the electronic shelf labeling system. Electronic shelf labels are simply the “electronic” versions of the paper price tags which use e-ink to display prices and are connected to a computer database.  The following are some of the ways that you can benefit from using the ESLs in your business.

First of all, the electronic shelf labeling system can ensure accurate pricing across channels. The internet has completely transformed the way that people shop these days, and it is not uncommon for consumers to price check items while they are standing in a store. People can lose trust in your company very fast if the in-store prices do not align with the online display. Unfortunately, this is often the reality consumers encounter in most retail stores.

When you use electronic shelf labels, they can completely change that interaction. Since these labels provide one standardized pricing system, your customers will not be disappointed by price differences. Any online price change in-store, can reflect immediately.   The ESLs will also allow you to align your promotion prices, audit trails for the headquarter to check changes, and fix any errors in pricing. As a result, your prices will be accurate across the board and your customers will be able to see your optimal price.

Another benefit of using electronic shelf labeling system is the shelf edge influence. The shelf edge is without doubt one of the most important sales influencers. Since a lot of purchases in most retail stores are made at this point, you want to make sure your pricing information is accurate. With ESLs, price changes are so easy, and because of that you can capture more sales at the shelf edge.

For more information on the benefits of the electronic shelf labeling system, visit our website at https://solumesl.com/

The Benefits of LED Labels

Using LED labels in your retail business is something that can benefit you a great deal. This is the direction that the retail world is moving, so you should think of doing away with paper labels and adopting the electronic LED labels.  Below are some of the benefits that you can get from using these labels.  

One of the things that you will love about the LED labels is that they are more accurate and can save employees time. Electronic pricing is a lot easier to edit, and it is always more accurate compared to the paper labels. Once you implement this technology in your retail business, your employees will no longer waste their time countless small changes around the store. Such tedious work can cause inevitably many mistakes in pricing around the store. If you are one of the retailers who offer products at the price that they are listed as opposed to the actual price, just a small mistake can be quite costly in the end.

Another benefit of LED labels is that they can help you stay more green and reduce inventory loss in your retail business. Quick changes to prices can help you move through products more quickly. If you find that certain product in your retail store is not moving, you can adjust the prices to see if anything changes. With ESLs, adjusting promotional pricing is so easy, meaning that running promotions and getting rid of slow stock is also very easy.

If you sell perishable stock in your retail store, this is even more important. More than 40 percent of food that is produced is wasted. Using smarter pricing can help cut this down. The smarter pricing may make a huge difference by saving both you and consumer money, while helping to minimize waste.

 For more information on the benefits of LED labels, visit our website at https://solumesl.com/