Electronic Shelf Labels
Electronic Shelf Labelling from Retail Solutions Scotland
Save time versus printing and replacing paper labels
Free up staff for more productive tasks
Keep shelf prices in sync' with price charged at till
Automatic price changes based on dynamic pricing strategies
Electronic shelf labelling is a feature available within RS Touch POS
Save time and run a more responsive pricing strategy
Electronic shelf labeling is now within the budget of many more retailers. Advancements in manufacturing and technology in recent years has brought this about, allowing retailers to reap the many benefits of dynamic pricing.
Dynamic pricing means retailers can change the price of products immediately, making their pricing strategies much more flexible.
They can do it using software that tracks factors affecting prices – such as competitors’ prices or demand forecasts – and then display the new prices across their stores using electronic shelf labelling.
The system can use forecasting analytics to predict what demand will be for products at certain times of the week or month. This allows for price changes each day accordingly.
Price optimization is now more and more important for retailers. However, it can result in frequent price changes. Manually executed, these changes are time-consuming and expensive. For this reason, retailers are increasingly seeing a business case for electronic shelf labels.
This displays price information electronically and updates prices immediately and automatically, controlled from a central server. They allow prices to change according to the marketing strategies of the retailer. Even price changes during the day – such as happy-hour pricing or end-of-day markdowns for fresh products – are enabled through this technology.
Additionally, these systems ensure that both the shelf prices and the point of sale system are always in sync.