Things To Do Before Investing In Digital Shelf Labels

Are you looking to invest in digital shelf labels? You have made a step in the right direction because the digital labels can improve not only the operation of your retail business, but also its profitability.  So many businesses, especially large scale retailers, are already using ESLs, and they have many nice things to say about them. It is an investment that you will not regret at all.

 Before you go ahead to invest in the digital shelf labels, there are various questions you need to ask yourself. The first one is if the ESL system you are choosing can send acknowledgements of price changes. In order to ensure pricing integrity in your retail business, the ESL device installed in your store should be able to receive and send data. The head office of your business will want to know if the price changes sent to the ESL are received and published on the device. If you invest in an ESL system that does not have a two-way capability, you will leave yourself exposed to pricing integrity issues and, in the worst case scenario, compliance problems.

Before investing in digital shelf labels, you also need to ask yourself if the ESL system accommodate 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 your ESL system is a very crucial factor. The transmission rates for ESLs are broad, ranging from 1,000 changes per hour to hundreds of thousands of changes per hour. You need to make sure that the vendor you will work with can handle the volumes your store requires.

For more information on what to do before investing in digital shelf labels, visit our website at https://solumesl.com/

The Different Electronic Shelf Label Options You Can Use In Your Business

Electronic shelf labels (ESLs) are gaining popularity in most retail stores these days, and there are multiple ways that these retail stores and even warehousing facilities can use ESLs. For instance, the ESLs can be used as asset and location based service applications, data gathering and analysis applications, scheduling applications and information pushing applications. With such myriad ways in the application, it would come as no surprise that ESL solutions will also come in various forms, configurations, as well as features. Below, we look at some of the most popular electronic shelf label options that you can implement in your retail or warehouse operations.

First of all, ESLs can be used as freezer labels. In many retail stores, there is cold storage that can go down to harsh freezing temperatures. In such environments, ordinary paper price tags simply will not cut it. When you use ESL freezer labels, they will give you optimal performance in such special scenarios and environments, enabling real-time update of the information through their reliable wireless connectivity as well as intuitive displays. When ESL freezer labels are used in conjunction with sensor solutions, they can also be an additional failsafe particularly when monitoring critical temperature levels.

Apart from being used as freezer labels, ESLs can also be used as graphic labels. Probably the most common application for electronic shelf label solutions is their use as graphic labels for displaying product or item information. ESL graphic labels are available in various sizes and features on a fully graphical e-ink display that showcases information in black or white, or in black and white with yellow or red highlights for emphasis.

 For more information on the different electronic shelf label options you can use in your business, visit our website at https://solumesl.com/

The Benefits of Using Wireless Price Tags

If you are a retail business owner and are thinking of investing in wireless price tags, you can rest assured that you are making a smart move because the wireless labels have proven to have a lot of benefits. Research shows that a lot of customers would prefer to go to store that uses electronic shelf labels as opposed to one that uses paper labels. So by making the step to invest in ESLs, you may end up gaining an edge over your competitors.

 So, what are some of the advantages of using wireless price tags in your retail business? First of all, using wireless labels can ensure more accurate pricing and also save employees time. Not only is electronic pricing easier to edit, but it is also more accurate. Your employees will no longer have to waste their time making hundreds of small changes around the retail store. If you subject your employees to such tedious work, it means that there will inevitably be mistakes in pricing around your retail store.

In most retail stores, products are offered at the price that they are listed instead of the actual price. In such a case, even just a small mistake can prove to be quite costly in the end.  When you switch to wireless price tags, changes can be made en masse from the back-end. If there are any mistakes in pricing, they can be fixed just as quickly instead of requiring manual changes that leave room for the same thing to happen again in future. In the end, your employees are going to spend their time helping your customers instead of wasting it tending to price labels.

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

Benefits Of Using Electronic Shelf Label System In Your Retail Business

If you are considering switching from paper price tags to electronic shelf label system in your retail business, rest assured that you have  made a step in the right direction.  Many retailers these days are embracing the ESLs because they have realized that they carry a lot of benefits. Even though there is the  notion that ESLs are expensive, you will realize that they are not when you start using them.

So, how exactly  can you benefit from using electronic shelf labels in your business? First of all, ESLs can lead to improved productivity. If your retail business has grown and expanded , you probably deal with price changes in large batches throughout the week. This can result into staffing problems and require employees to spend large amounts of time on tasks that most of them find boring. When you switch to ESLs, you can improve your staff allocation and make sure that your employees are doing what matters the most - engaging and serving your shoppers.

Another benefit of using electronic shelf label system is that it can lead to price optimization. Using price optimization algorithms, you  can adjust the prices that your shoppers pay based on their buying practices, supplier prices, and much more. When you switch from paper price tags to electronic shelf labels, you can make immediate price changes based on recommendations that you will get from your big data system to boost revenue and growth and also enhance profit margins. If you continue using paper labels, you could end up losing customers due to inability to make important price changes in your  retail store as quickly as possible.

For more information on the benefits of using electronic shelf label system  in your retail business, visit our website at https://solumesl.com/

Benefits of Using Electronic Price Labels in Your Business

If you have been reluctant to switch from paper price tags to electronic price labels in your business, rest assured that it is a move that can benefit your business in many different ways. Even though paper labels may be doing the job, you are going to benefit more from the electronic labels.  Some people think that using ESLs is expensive, but the truth of the matter is that you are going to save some money in the long run as a result of using ESLs in your business.

So, how exactly will the electronic price labels help your business? First of all, the ESLs are going to improve the customer service of your business. According to a study that was conducted by KPMG, 64 percent of shoppers believe that a store with electronic shelf labels provides better customer service compared to those stores without. This could be partly because of the sophisticated technology that ESLs bring to a store.  Just having them ESLs in your business enhances consumer perception of price accuracy. The electronic price labels will also allow your store to share important product information, give your shoppers the ability to view their savings, and provide options for customers to engage with the labels via smartphones in your aisle.

In the retail business today, profitability is something that largely depends on efficient buying and merchandising along with ways to improve store operations as well as shopper experience. When you switch from paper labels to electronic shelf labels in your retail business, you will be able to provide real-time product positioning. The ESLs are the core of any successful strategy for retail grocers as well as the digital future of stores everywhere.

For more information on the benefits of using electronic price labels in your business, visit our website at https://solumesl.com/