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Retail The shop floor is where sales can be won or lost, therefore reliable control and planning of stock available for the customer is vital. Retail is a dynamic environment requiring constant observation; therefore accurate, near real-time stock visibility within the supply chain and within the store is an essential factor in an efficient retail operation. Faster product data availability and transaction processing will greatly improves profitability through better productivity, freeing up time for better customer service. Out-of-stock situations mean lost sales opportunities. Stock management can be improved with better inventory management systems facilitated by item level tagging using RFID devices and readers enabling detailed product visibility from warehouse to checkout. By incorporating such systems, market and buyer behaviour fluctuations in stock can be spotted quickly and acted upon appropriately and efficiently from the top end of the supply chain. Applications: • Store inventory |
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