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How Artificial Intelligence's (AI) Effect On Retail Sales Is Increasing

How Artificial Intelligence s (AI) Effect On Retail Sales Is Increasing
FinancialNewsMedia.com News Commentary
PALM BEACH, Fla., April 27, 2021 /PRNewswire/ Nowadays, almost everybody is aware of the effect Artificial Intelligence (AI) has on our every day lives. AI is already a part of many people s lives and maybe already a part of your life too - whether you realize it or not. Amazon s Echo (a.k.a. Alexa), Google Home, and Apple s HomePod (with Siri) are perhaps the three most popular products in the thriving field of AI assistants. It s estimated that Amazon has sold about 25 million Echo devices up to now, and they expect that number to go double or more by 2020. These AI assistants products understand spoken commands and speak in humanlike voices using natural language. They are able to improve the lives of consumers by can offering help for a wide range of things from providing weather forecasts to taking on time-consuming tasks like comparing options and making ....

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Square unveils inventory management features

Dive Brief:
In a bid to expand its services for retailers, Square has released a suite of inventory management tools for Square for Retail, the platform announced on Thursday. The features include Easy Item Create, Quick Inventory Counting and Smart-Stock Alerts.
According to the announcement, Quick Inventory Counting tracks sellers stock counts using barcode scanning, and Easy Item Create lets merchants add to their product catalog and prepare items for sale via various channels. The Smart Alerts tool uses machine learning to pinpoint when an item may run out and automatically prompts merchants to reorder it.
Dive Insight:
Though inventory has always been a challenge for retailers large and small, the COVID-19 pandemic has been acutely disruptive to retailers inventories, leaving retailers with either too much merchandise or not enough. For companies like Nordstrom, Stitch Fix, TJX and Ross, inventory woes have hurt the bottom line. ....

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Square Announces New Inventory Management Features for Retailers

Posted Apr 22, 2021
Easy Item Create, Quick Inventory Counting, and Smart-Stock Alerts provide retail sellers more insight and better control of their inventory
Today, Square announced the availability of new inventory management features for Square for Retail sellers, to help automate and improve one of the most challenging, but critical, processes businesses of all sizes face. New features like Easy Item Create, Quick Inventory Counting, and Smart-Stock Alerts provide sellers greater control over their inventory management, and improve efficiency with better ways to create, count, and reorder inventory.
“Before we started using Square’s new inventory management features, keeping track of our stock could have been a full time job,” said ....

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Square : Announces New Inventory Management Features for Retailers

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Easy Item Create, Quick Inventory Counting, and Smart Stock Alerts provide retail sellers more insight and better control of their inventory
Today, Square announced the availability of new inventory management features for Square for Retail sellers, to help automate and improve one of the most challenging, but critical, processes businesses of all sizes face. New features like Easy Item Create, Quick Inventory Counting, and Smart Stock Alerts provide sellers greater control over their inventory management, and improve efficiency with better ways to create, count, and reorder inventory.
“Before we started using Square’s new inventory management features, keeping track of our stock could have been a full time job,” said ....

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