Investing in Newton Sub-Giga ESL solutions is one of the decisions that can transform your retail business for the better. The ESLs can help in many areas of your business, one of them being stock management. Electronic shelf labeling slowly displaces the plastic or paper labels to counter the rising costs and help the frequent price changes in the retail sector. Retail businesses experience a major change because of the constant innovation in ESL technology, especially in terms of software.
The Newton Sub-Giga build the foundation for a wide range of applications. Some of these applications can be optimized for stock and cost minimization, real-time management, and reduced shortfall as well as wasted perishable items. A good example of optimized stock management is the “happy hour” whereby retailers offer price reductions on perishable items before closing time. This is a pure win-win scenario where waste is reduced, customer interest is sparked and storage is freed for new deliveries. Real-time price adjustments are just a matter of minutes, or they can even be automated thanks to the dynamic and accurate ESLs.
Sub-Giga Protocol for fast label update speed
The Sub-Giga Protocol is one of the major factors that makes SOLUM’s Newton Sub-Giga labels one of the fastest ESL options made for large-scale commercial use. In a nutshell, Newton Sub-Giga ESL is designed specifically for use in a busy industrial environment where heavy machinery and metal equipment are common.
In a highly technological and connected world, many still opt to use manual systems and used paper-based workflows in their warehouse operations. One big example is the use of paper-based pick which, is not only very tedious but is also highly risky and prone to errors. The simple fact of having to go to an office to have pick lists printed is already very cumbersome. Not only that, there is a big chance that the personnel will print the wrong list and go on spending a whole day picking inventories from a previous or totally wrong order.
This innovative system is growing in popularity and is known and proven to improve the efficiency of the picking process, and thus result in greater productivity. The system is easy to use and implement but will require the use of a centralized software that is integrated into the Warehouse Management System. The system then connects to an indicator light installed on the shelves or racks, or to the digital display and indicator LED of various Electronic Shelf Label configurations.
In addition to reducing energy consumption, the flexible pricing enabled by Electronic Shelf Price Tags enables retailers to strategically price perishable items throughout the day, encouraging customers to buy them before they spoil, said Milner. This freedom allows retailers to graduate pricing based on sales velocity and inventory levels. According to insight from Planet Retail, 65% of consumers would welcome such price changes throughout the day if a product is approaching its sell-by date.
Another benefit of investing in ESL solutions that they can help improve productivity in your retail business. In most large retail businesses, and even small ones, price changes come in large batches throughout the week. If you still use the paper or plastic labels, this can result into staffing problems and requiring employees to spend a lot of time on tasks that they do not even enjoy doing. When you invest in ESLs, they can allow you to improve your staff allocation and use your employees to do what matters the most in your business – engaging and serving your customers.
For more information on the benefits of investing in ESL solutions, visit our website at https://solumesl.com/