Articles by tag: Inventory Accuracy

The Importance of Inventory Accuracy for Retailers Worldwide

Enhance your retail business’s success with Datasan by exploring the crucial role of inventory accuracy for global retail. Maintaining precise inventory records is essential for achieving optimal operational efficiency and customer satisfaction. Datascan delves into the multifaceted benefits of inventory accuracy. Adrian Thomas, President and CEO of Datascan, discusses how accurate inventory tracking empowers retailers…

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Datascan-Thought Leadership
The Importance of Inventory Accuracy: Highlight 1

Dive into the worldwide importance of retail inventory accuracy. Adrian Thomas, the President and CEO of Datascan, joins us to shed light on this crucial topic. As the retail landscape continues to evolve, especially in the wake of COVID-19, understanding buyer behavior trends has become essential. Even before the pandemic, consumer habits were shifting due…

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Datascan-Thought Leadership
The Importance of Inventory Accuracy: Highlight 2

Discover the impact of BOPUS (Buy Online, Pick Up In-Store) and online shopping trends on inventory accuracy in this enlightening video by Datasan. In a rapidly evolving post-COVID world, retailers face amplified challenges in maintaining precise inventory records. Datascan explores how the rising popularity of BOPUS and online shopping intensifies the need for accurate inventory…

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Datascan - RFID Media
The Trend of Large Retailers Implementing RFID Technology Store-Wide

Join Datascan as we discuss how large scale retailers implementing RFID technology has impacted the retail industry as a whole, including small businesses. Walmart is one of the biggest retailers in the world. They’ve had a ton of success with their apparel. Over eighty percent of their apparel is tagged with RFID, and Walmart has…

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Datascan - RFID Media
The Implementation of RFID Technology into Quick Service Restaurants

Discover the growing interest and adoption of RFID technology in the quick-serve restaurant industry. Explore how major quick-serve restaurant chains are leveraging end-to-end supply chain capabilities to enhance food safety and customer experiences. Leading quick-serve restaurants are collaborating with suppliers to implement RFID-enabled solutions that provide comprehensive visibility into their supply chain. With the ability…

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Datascan - RFID Media
Improve Your ROI by Implementing RFID Technology in Retail Stores

Unlock the power of RFID technology and its potential to deliver substantial return on investment (ROI) for retailers. Join the Datascan expert team as we explore how retailers can leverage RFID beyond a single use case to maximize value over time. Discover how retailers are utilizing RFID to tag items in stores and track inventory….

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Datascan - RFID Media
Retail Display Compliance as a Primary Use Case for Implementing RFID

Explore the powerful application of RFID technology in ensuring display compliance within brick and mortar retail environments. Join us as we delve into real-world examples of how RFID has become a game-changer for retailers, with a focus on a major shoe retailer’s success story. Display compliance plays a crucial role in enticing customers to make…

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innovations in healthcare
Innovations in Healthcare: A Discussion with Dr. Craig Joseph at HIMSS 2024
May 24, 2024

Innovations in healthcare were easy to spot at the recent HIMSS 2024 conference. Healthcare Rethink’s Brian Urban caught up with one of those innovators for a live discussion at HIMSS 2024. podcast, Their conversation opens a window and dialogue into the cutting-edge trends reshaping healthcare technology today. This episode features Dr. Craig Joseph, the…

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Preventing burnout
Achieving Professional Growth and Preventing Burnout: The Importance of Time Management and Support Networks in a Fast-Paced World
May 23, 2024

In today’s fast-paced world, balancing professional growth with personal well-being is more crucial than ever. With the rise of remote work, digital transformation, and the constant hustle culture, finding this balance has become a significant challenge for many. A survey conducted by Deloitte suggests that a whopping 77% of professionals experience burnout at work….

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Fan-Centric Business Transformation
Prop Room
May 23, 2024

In this episode of the Fans First series, Jesse Cole, the mastermind behind the Savannah Bananas, shares with us that in the vibrant world of marketing, creativity knows no bounds—a philosophy embodied by a prop room and studio teeming with eclectic costumes and outlandish ideas. This creative hub, seemingly disconnected from conventional themes like bananas,…

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Ace Gardner and Jacob Lewis discuss NIL Deals and Transfer Portals
NIL Deals and Transfer Portals are Also Impacting College Staff and Their Roles
May 23, 2024

College sports is undergoing a significant transformation with the advent of Name, Image, and Likeness (NIL) rights and the increasing prevalence of transfer portals. These changes are reshaping how college staff operate, presenting both opportunities and challenges. With the rise of NIL deals and transfer portals, understanding the behind-the-scenes impact on college coaching staff…

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Other Articles
How can RFID Technology Remedy Retail Supply Shortages and Theft?
June 8, 2023

Discover how RFID technology is revolutionizing loss prevention in the retail industry. Datascan explores the pressing concerns surrounding theft, both internal and external, and the impact it has on supply chains and inventory management. As crime rates increase, retailers are facing supply chain challenges due to theft incidents occurring at various stages, from the manufacturer,…

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The Advancement of RFID Adoption and Implementation in Retail
June 8, 2023

Join Datascan as we explore the current state of RFID adoption and implementation in the retail environment. In this insightful video, our expert, Max, discusses the successes and challenges associated with integrating RFID technology in retail operations. Over the past two decades, the landscape of RFID implementation has evolved significantly. In the early stages, RFID…

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What is DART Now and how can it benefit small to medium retailers?
June 8, 2023

Discover the benefits of the DART Now Account Program for small to medium retailers as Hunter McNally, Datascan’s eastern US account manager, provides valuable insights on how the program can increase retail agility. DART Now is a ready-made count program that offers rapid deployment, making it an ideal solution when time is of the essence…

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What concerns do retailers have when considering a self-scan solution?
June 8, 2023

Discover peace of mind with Datascan’s self-scan solution with RFID expert Hunter McNally. By adddressing retailers’ concerns head-on, Datascan’s custom RFID solutions ensures seamless implementation, data security, loss prevention, and optimal customer experience. Trust Datascan to revolutionize your retail operations with a worry-free self-scan solution. The number one concern that clients bring to Datascan is…

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Best Practices for Returns
June 8, 2023

This episode of Keeping Count features Herb Billings, VP of Product Strategy at Datascan. Free returns are now the norm, and Billings notes, “Retailers need to consider them as part of the purchase process, not something separate.” The return policy of a store, if done well, can win the company a customer for life. If…

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What Happens to Returns?
June 8, 2023

Herb Billings, Datascan’s Vice President of Product Strategy, discusses what happens to merchandise after returns. “About 25% of all returned items are thrown away, representing five billion pounds annually in the U.S. That has an environmental impact, and it’s a waste of resources,” Billings explained. Why would a retailer throw away perfectly good items? According…

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The Growing Problem of Returns for Retailers
June 8, 2023

Discover the growing problem of returns for retailers in this informative episode of Herb’s Hot Takes. Host Tyler Kern and Herb Billings, VP of Product Strategy at Datascan, delve into the impact of returns in retail. In the digital age, returns are a challenge for retailers, in both quantity and cost. Unlike brick-and-mortar stores, online…

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The Ins and Outs of the Inventory Record Accuracy Formula
June 8, 2023

Welcome to Herb’s Hot Takes! Tyler Kern and Herb Billings, VP of Product Strategy at Datascan, dive into the world of record accuracy formulas. They discuss various options and how they differ, including the percentage of SKUs with accurate counts, the absolute difference formula, and the Symmetric Mean Absolute Percentage Error (SMAPE) formula. For RFID-based…

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The Negative Impacts of Poor Inventory Accuracy
June 8, 2023

Herb Billings, Vice President of Product Strategy at Datascan, is back in the studio with host Tyler Kern for another episode of Herb’s Hot Takes. This episode digs into the negative effects organizations can experience when they exhibit poor inventory accuracy. Every retailer in the world is affected by inventory accuracy, whether it is positive…

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