Electronic shelf price tags can instantly update displays of thousands simultaneously across several channels. Electronic Shelf Price Tags make use of electronic paper or liquid crystal papers to display information on a monitor. With a local network, electronic shelf price tags can quickly update prices when needed.

With just a few clicks from a remote server, electronic shelf price tags are able to automatically update displays of thousands at once across several channels. It’s no longer necessary to use labels made of paper or for staff members to manually replace price tags on every shelf. Check out here to get additional info on how do electronic labels work.

Price update is among the electronic shelf price tags’ biggest assets, making this display system an ideal option for companies that offer retail stores. Electronic shelf price tags allow for fast, accurate, and consistent manipulation of promotional and price strategies that is ideal for stores with several branches at different places.

Electronic Shelf Label Features
ESL is utilized by retailers to digitally display the prices of their merchandise, as we mentioned in our article 5 Reasons to Use Electronic Shelf Labels. In addition, it is filled with extra options.

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ESL is not just about showing product prices. ESL is a source of information to customers in choosing the right product. ESL will provide additional details besides price. If shoppers at the grocery store need to know the difference between two different milk brands and brands, they can look up additional information displayed on the ESL including the nutritional facts, the price per weight, and remaining stock. These aspects can assist customers decide the best milk brand.

Change Product Prices in Real-time
It is tedious to manually change your paper labels. ESLs can implement dynamic pricing, which allows the store to change prices at a moment’s notice and remain profitable even with price fluctuations. Dynamic pricing allows you to increase prices to meet demand and lower prices to increase sales. Additionally, you can gather insights into the habits of your customers by accurately displaying the price range that buyers will pay for specific items.

Reduce Operational Cost
ROI is essential for any company, which ESLs don’t miss to provide. Although you might believe that the cost of labels on paper is less than using ink and printing equipment This is not the case. Paper labels cost money for ink printing equipment, and take an excessive amount of time to put up new labels.

Optimize Inventory
Since the dawn of automated inventory, keeping inventory levels to a minimum is a major challenge for retailers. Automating inventory with ESL removes manual labor and improves the quality of your service, while ensuring that customers will receive the products they ordered on time.

Provide Omni-channel Experience
ESL makes it easy to connect with customers via the omnichannel. This combines physical and online shopping. Retailers must be interactive in the most convenient way possible, switching between communication methods to serve customers in different areas such as physical stores, websites, and mobile apps. This allows customers to reach out with problems or concerns by phone and email, via webchat, and via social media.