In today’s fast-evolving retail environment, digital payment technologies are transforming the industry landscape. A notable shift is occurring from traditional point-of-sale (POS) systems to software-based point-of-sale (SoftPOS) solutions. This article delves into the implications of this
Retailers increasingly face a persistent issue known as "phantom inventory," where system records show items as available that are not actually in stock. This discrepancy can lead to lost sales, customer dissatisfaction, and a cascade of operational headaches. Enter RELEX Solutions' True Inventory,
In a significant move aimed at providing regulatory relief and stimulating economic stability, the State Bank of Pakistan (SBP) has raised the regulatory retail portfolio limit for banks from Rs180 million to Rs300 million. This adjustment is part of the SBP's broader strategy to alleviate the
The Indian auto retail industry is grappling with an unprecedented issue as unsold passenger vehicle (PV) inventory has surged to record-high levels. As it stands, the unsold inventory has ballooned to 7.9 lakh units, with an astonishing market value of ₹79,000 crore. This alarming rise in unsold
Retail shrinkage is costing businesses billions of dollars each year, posing a dire threat to the bottom line of countless retailers across the globe. Encompassing a multitude of issues such as shoplifting, internal theft, administrative errors, and fraudulent activities, shrinkage creates a
As the 2024 holiday season approaches, retailers are significantly focused on improving inventory management and understanding evolving consumer behavior to ensure a smooth shopping experience. Recent data from the 2024 Supply Chain Confidence Survey by Manhattan Associates indicates that, despite
