/PRNewswire/ What s the news? AT&T is equipping small businesses with special offers and helpful tools to support their success as we celebrate National.
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.