When tight margins are the rule, every penny counts. Every customer, too.
Digitization is changing the face of retail today, leaving behind those unable to embrace new technologies. Effective adoption demands a digital transformation strategy that spans a wide array of assets and systems, from vending machines and store equipment to customer portals and an extended network of suppliers and providers.
One of the most common challenges in the shifting world of retail is that inventory, point of sale (POS), and other systems are separate and report for different periods. This timeline discrepancy forces manual efforts to reconcile sales and stock levels to support the ordering process, leading to waste shrink. But the iVEDiX digital platform allows retailers to integrate multiple systems to monitor shrinkage and boost profitability, combining real-time and historical data to help them visualize, analyze, and interact with vast amounts of untapped information—and better serve customers.
