Muhammad Husnain
Retail has been slowly and steadily transforming in Pakistan with consumer interest changing from buying in small shops on high street to shopping centers.
Traditionally the retail particularly fashion was driven in the clusters of shops located in the different bazars offering customers with clothing options. Lately in past decade the retail has seen a shift as customers prefer to buy in the shopping malls and expect experience in store.
The younger generation is more tech-savvy and aware on global trends in innovation. With increase in demand and vast geographical area retailers in Pakistan are continuously evolving to improve on consumer experience.
Three Technologies that can benefit retail in Pakistan:
RFID: Radio Frequency Identification is the world leading technology in retail, that help retailers have correct and real time inventory visibility, increases on shelf availability, helps to reduce the inventory covers and improve sales.
The technology has been implemented in global retail groups like, Tesco, Inditex, H&M to name a few and have resulted in tremendous results for the businesses.RFID is an end to end solution from Vendor to DC receiving, store receiving and billing and as security mechanism.
With its range of benefits, RFID helps to increase inventory accuracy in stores by more then 95% which traditionally stands at 65% for most of the retailers, resulting in over buys, wrong data visibility and more importantly on shelf availability...
Read Full Story: https://islamabadpost.com.pk/three-technologies-that-can-revolutionize-retail-in-pakistan/
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