Walmart Is Going Big With Electronic Shelf Labels [Forbes]
Morgan Stanley (MS)
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Source: Forbes
The labels, developed by Vusion Group will allow the retailer to update prices at the shelf using a mobile app. Daniela Boscan, food and consumable team lead head in the Hurst, Texas Walmart store wrote in a company blog post that Walmart has been testing the digital labels at store number 266 in Grapevine, Texas, and that the technology has helped her team work faster and provide a better customer experience. Key financial benefits of the Vusion Group labels include: Simplified replenishment : With the “stock to Light” feature, an associate can flash a LED light on the shelf tag using their mobile device, signaling locations that require attention. This feature makes it easier for associates to identify shelf location when stocking shelves. Faster order picking and fulfillment. The “Pick to Light” feature guides directly to the products needed for on-line orders, speeding up the picking process and improving the picking process and improving order accuracy. Increased producti
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