{"id":1028,"date":"2017-05-03T17:39:07","date_gmt":"2017-05-03T12:09:07","guid":{"rendered":"https:\/\/www.pixel-studios.com\/blog\/?p=1028"},"modified":"2025-01-03T13:15:18","modified_gmt":"2025-01-03T13:15:18","slug":"latest-technology-intervention-in-retail-industry","status":"publish","type":"post","link":"https:\/\/www.pixel-studios.com\/blog\/latest-technology-intervention-in-retail-industry\/","title":{"rendered":"Latest Technology Intervention in Retail Industry"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1028\" class=\"elementor elementor-1028\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-616fdeeb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"616fdeeb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-61ccb68c\" data-id=\"61ccb68c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3e4d7358 elementor-widget elementor-widget-text-editor\" data-id=\"3e4d7358\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Less than a decade ago, the retail industry set the standards of service their customers were going to get. That was until online retail shopping came on the scene. Once the digitization of shopping took place, brick and mortar retail outlets began seeing their sales and store footfalls fall drastically. Most stores started looking at online space a bit more intensely trying to figure out a strategy to tackle the new breed of consumers \u2013 who turned to their smartphones than the stores to shop!<\/p><p>With the retail industry heading strongly towards a more organized online space, it is making it difficult for businesses to meet up with the increased demand and expanding volumes. The retail industry is constantly evolving at an alarming rate; technological interventions are providing tech-savvy consumers personalized experience every time they shop. In addition to making it easier for consumers, tech interventions have been able to help retailers enjoy glitch free supply chain, meet demands, build trust and maintain competitive advantage over industry players.<\/p><p>These are some of the technological interventions that are shaping the retail industry.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_72 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e4531775595\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e4531775595\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.pixel-studios.com\/blog\/latest-technology-intervention-in-retail-industry\/#Billing-software\" title=\"Billing software\">Billing software<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.pixel-studios.com\/blog\/latest-technology-intervention-in-retail-industry\/#Payroll\" title=\"Payroll\">Payroll<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.pixel-studios.com\/blog\/latest-technology-intervention-in-retail-industry\/#Ecommerce\" title=\"Ecommerce\">Ecommerce<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.pixel-studios.com\/blog\/latest-technology-intervention-in-retail-industry\/#Inventory\" title=\"Inventory\">Inventory<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.pixel-studios.com\/blog\/latest-technology-intervention-in-retail-industry\/#Vendor-Relations\" title=\"Vendor Relations\">Vendor Relations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.pixel-studios.com\/blog\/latest-technology-intervention-in-retail-industry\/#Drone-Delivery\" title=\"Drone Delivery\">Drone Delivery<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Billing-software\"><\/span>Billing software<span class=\"ez-toc-section-end\"><\/span><\/h2><p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-1033 size-full\" src=\"https:\/\/www.pixel-studios.com\/blog\/wp-content\/uploads\/2017\/05\/blog-1.jpg\" alt=\"blog-1\" width=\"600\" height=\"338\" srcset=\"https:\/\/www.pixel-studios.com\/blog\/wp-content\/uploads\/2017\/05\/blog-1.jpg 600w, https:\/\/www.pixel-studios.com\/blog\/wp-content\/uploads\/2017\/05\/blog-1-300x169.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p><p>Regardless of you being an online ecommerce business or a traditional brick and mortar type of retailer, updated billing software will certainly top the list of your priorities at any time. With the increase in consumer demand for easier, faster and safer billing options, it is imperative to keep pace with the changing technology to provide customers with the same. A proper billing software usually takes care of all the bills, invoices, keeps track of inventory, identifies gaps in supply and demand and also manage taxes.<\/p><p><q class=\"text-big shortcode-pullquote wf-cell align-right wf-1\"><p><em><strong><span style=\"color: #000000;\">A proper billing software should give you complete control over your business, automate the whole process, reduce errors, keep close eye on profits and sales, manage inventory, help identify future needs and provide accurate real-time reports.<\/span><\/strong><\/em><\/p>\n<\/q><\/p><p>Make sure you have <span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.pixel-studios.com\/web-application-development\/\" target=\"_blank\" rel=\"noopener\">billing software<\/a><\/span> that is specifically designed for the retail business. It should be able to handle huge volumes, provide smart financial reports, give audit controls, and provide stock, and complete comparative analysis of the competition.<\/p><p>While credit cards and debit cards have become the standard forms of billing and payment these days, thanks to newer technologies like NFC, it is going to become easier, safer and faster method of payment.<\/p><h2><span class=\"ez-toc-section\" id=\"Payroll\"><\/span>Payroll<span class=\"ez-toc-section-end\"><\/span><\/h2><p><img decoding=\"async\" class=\"aligncenter wp-image-1034 size-full\" src=\"https:\/\/www.pixel-studios.com\/blog\/wp-content\/uploads\/2017\/05\/blog-2.jpg\" alt=\"blog-2\" width=\"600\" height=\"338\" srcset=\"https:\/\/www.pixel-studios.com\/blog\/wp-content\/uploads\/2017\/05\/blog-2.jpg 600w, https:\/\/www.pixel-studios.com\/blog\/wp-content\/uploads\/2017\/05\/blog-2-300x169.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p><p>Payroll is a very important aspect of every business; however the retail industry comes with its unique payroll problems to deal with. That is why retailers have started implementing technological solutions to tackle their payroll concerns.<\/p><p>One of the most recent tech interventions in the retail industry is the ability to integrate payroll with point of sale system. In addition to this, smart payroll systems help retailers pay their employees from anywhere and at anytime safely and securely using <span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.pixel-studios.com\/web-application-development\/\" target=\"_blank\" rel=\"noopener\">mobile payments applications<\/a><\/span>. Manual attendance system which is error and fraud prone is also reduced considerably. In addition to this, technology is also used to send customized payslips, auto deduct taxes, and streamline employee leave management.<\/p><h2><span class=\"ez-toc-section\" id=\"Ecommerce\"><\/span>Ecommerce<span class=\"ez-toc-section-end\"><\/span><\/h2><p><img decoding=\"async\" class=\"aligncenter wp-image-1035 size-full\" src=\"https:\/\/www.pixel-studios.com\/blog\/wp-content\/uploads\/2017\/05\/blog-3.jpg\" alt=\"blog-3\" width=\"600\" height=\"338\" srcset=\"https:\/\/www.pixel-studios.com\/blog\/wp-content\/uploads\/2017\/05\/blog-3.jpg 600w, https:\/\/www.pixel-studios.com\/blog\/wp-content\/uploads\/2017\/05\/blog-3-300x169.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p><p><a href=\"https:\/\/www.pixel-studios.com\/ecommerce\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #3366ff;\">Ecommerce<\/span><\/a> is here to stay and it is completely changing the way retail industry operates. The idea of a store, of sales and customer interactions has changed drastically over the years. These days customers are demanding for personalized shopping experience and better brand engagement. That is the reason why more and more retailers are looking towards technology to help them out. iBeacon technology is being used extensively by large stores to great advantage. It helps by offering location based sale offers, notifications when customers are inside or near the store, personalized shopping suggestions and content depending on user behaviour and call to action.<\/p><p><q class=\"text-big shortcode-pullquote wf-cell align-right wf-1\"><p><em><strong><span style=\"color: #000000;\">Mobile ecommerce is completely changing the dynamics of retail industry. With the real estate on smartphones increasing day by day, retailers are trying to cash in on this by offering mobile only sales campaigns and more.<\/span><\/strong><\/em><\/p>\n<\/q><\/p><h2><span class=\"ez-toc-section\" id=\"Inventory\"><\/span>Inventory<span class=\"ez-toc-section-end\"><\/span><\/h2><p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1036 size-full\" src=\"https:\/\/www.pixel-studios.com\/blog\/wp-content\/uploads\/2017\/05\/blog-4.jpg\" alt=\"blog-4\" width=\"600\" height=\"338\" srcset=\"https:\/\/www.pixel-studios.com\/blog\/wp-content\/uploads\/2017\/05\/blog-4.jpg 600w, https:\/\/www.pixel-studios.com\/blog\/wp-content\/uploads\/2017\/05\/blog-4-300x169.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p><p>With large movements of products happening at a fast pace, it is highly important to have a reliable inventory system at place. As a retailer, inventory control is one of the most disturbing pain points. While replenishing goods consistently is one of the main aspects of inventory, understanding customer needs and forecasting demand is also highly essential. Electronic data interchange between vendor and retailer\u2019s computers helps reduce communication time. Additionally, automatic replenishment systems also manages inventory. It also keeps over-ordering to the minimum.<\/p><p><q class=\"text-big shortcode-pullquote wf-cell align-right wf-1\"><p><em><strong><span style=\"color: #000000;\">A good inventory control system will help retailers take past sales into account, forecast future needs, provide easy-to-understand graphs, record inventory levels, track pricing, and also manage your margins effectively.<\/span><\/strong><\/em><\/p>\n<\/q><\/p><h2><span class=\"ez-toc-section\" id=\"Vendor-Relations\"><\/span>Vendor Relations<span class=\"ez-toc-section-end\"><\/span><\/h2><p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1037 size-full\" src=\"https:\/\/www.pixel-studios.com\/blog\/wp-content\/uploads\/2017\/05\/blog-5.jpg\" alt=\"blog-5\" width=\"600\" height=\"338\" srcset=\"https:\/\/www.pixel-studios.com\/blog\/wp-content\/uploads\/2017\/05\/blog-5.jpg 600w, https:\/\/www.pixel-studios.com\/blog\/wp-content\/uploads\/2017\/05\/blog-5-300x169.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p><p>Business relationship with suppliers and vendors has a lot of impact on the overall success and failure of a retail business. A retailer depends on their suppliers for continuous replenishment of products; and any delay in the same can have serious repercussions.<\/p><p>Proper vendor communication is important to have seamless supply possible. That is one of the reasons why electronic data interchange between the internal systems of the buyer and supplier is being used these days. This negates fraud, errors and delays in supply. Vendor managed inventory has been used for quite a few years now, resulting in greater competitive advantage, glitch-free replenishment cycle, better supply chain management, and greater control over retailers inventory.<\/p><h2><span class=\"ez-toc-section\" id=\"Drone-Delivery\"><\/span>Drone Delivery<span class=\"ez-toc-section-end\"><\/span><\/h2><p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1038 size-full\" src=\"https:\/\/www.pixel-studios.com\/blog\/wp-content\/uploads\/2017\/05\/blog-6.jpg\" alt=\"blog-6\" width=\"680\" height=\"350\" srcset=\"https:\/\/www.pixel-studios.com\/blog\/wp-content\/uploads\/2017\/05\/blog-6.jpg 680w, https:\/\/www.pixel-studios.com\/blog\/wp-content\/uploads\/2017\/05\/blog-6-300x154.jpg 300w\" sizes=\"(max-width: 680px) 100vw, 680px\" \/><\/p><p>Although this might sound like something out of a sci-fi movie, this is slated to become the next big thing in retail industry. Amazon, for one, has already started working on drone delivery, and the trail phase of it is also underway. Although it might be a few years before this actually takes off (no pun intended!), there are a lot of possibilities for this technology. For starters, drone delivery will certainly reduce the stress on our roads, increase customer satisfaction, reduce waiting time drastically, decrease manpower for transportation, and also reduce overall costs. However there are a number of factors that have to be considered before we see drones carrying parcels whizzing past our houses. There are a number of privacy concerns, legal hackles, and huge investment in technology that need to be considered by retailers.<br \/><q class=\"text-big shortcode-pullquote wf-cell align-right wf-1\"><p><em><strong><span style=\"color: #000000;\">For more information on how technology can help you streamline your retail business, call our experts right away. There is so much that a little technology can help achieve.<\/span><\/strong><\/em><\/p>\n<\/q><\/p><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-679494e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"679494e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b30680d\" data-id=\"b30680d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-17ce178 elementor-widget elementor-widget-shortcode\" data-id=\"17ce178\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"10761\" class=\"elementor elementor-10761\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b0adf9d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b0adf9d\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-218da7b\" data-id=\"218da7b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9133340 elementor-widget elementor-widget-heading\" data-id=\"9133340\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<span class=\"elementor-heading-title elementor-size-default\">Lets discuss ideas to propel your brand online<\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4b68e1f elementor-widget elementor-widget-heading\" data-id=\"4b68e1f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<span class=\"elementor-heading-title elementor-size-default\"><a href=\"tel:08069193462\" target=\"_blank\">Reach us at 080 6919 3462<\/a><\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d7919e1 elementor-widget elementor-widget-heading\" data-id=\"d7919e1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">(or)<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7064a7d elementor-align-center elementor-widget elementor-widget-button\" data-id=\"7064a7d\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-lg\" href=\"https:\/\/www.pixel-studios.com\/contact-us\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Enquire Now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Less than a decade ago, the retail industry set the standards of service their customers were going to get. That was until online retail shopping came on the scene. Once the digitization of shopping took place, brick and mortar retail outlets began seeing their sales and store footfalls fall drastically. Most stores started looking at&hellip;<\/p>\n","protected":false},"author":5,"featured_media":1029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"ppma_author":[359],"class_list":["post-1028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-web-application","author-charan-garla"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Latest Technology Intervention in Retail Industry - Pixel Studios<\/title>\n<meta name=\"description\" content=\"Explore the latest technology interventions transforming the retail industry and learn how to leverage them to improve business performance. 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