RF-iT Solutions strengthens market leadership in the fashion industry with new solutions
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Because customers cannot find the goods they need on the shelves, or the goods are sold out, or there is no suitable size, retailers often lose a considerable part of their turnover.
In order to manage goods more effectively, contactless radio frequency technology RFID can be an ideal complement to bar codes, which have been used for a long time so far. You-R RETAIL, developed by RF-iT Solutions based on RFID technology, is an advanced inventory management solution.
It can make inventory management and store management more convenient and effective. The test version of Auto-ID platform You-R OPEN is also developed by RF-iT Solutions, and has been successfully applied in different industry environments, which is the basis of this new solution.
At present, three German fashion retailers have decided to adopt the You-R RETAIL system. After adopting this system, Jakob Jost GmbH can continuously collect store inventory information, which significantly improves inventory accuracy. So as to provide an effective basis for improving and replenishing inventory. The goal of the new system is to significantly improve customer shopping satisfaction, and of course, it will ultimately increase mall turnover. At the same time, the company also cooperated with GS1 Germany to evaluate the benefits and feasibility of RFID technology in the application of medium-sized enterprises.
Trends & Brands is a multi-brand fashion retailer that sells products with personalized designs and also sells branded products. The company’s products are sold through a leading online platform, which is the company’s own online store. In addition, the company also has several retail stores of its own. Since inventory accuracy will directly affect customers’ online shopping evaluation, that is, affect the company’s turnover, the successful development of the RFID You-R RETAIL solution can optimize the warehouse operation process, that is, straighten out the operation process of the retail store. From then on, inventory information can be visualized in real time, delivery accuracy has reached almost 100%, and customer satisfaction has reached the highest level.
German fashion retailer K&L Ruppert is the first clothing retail mall to achieve vertical integration, relying on the advantages of RF-iT Solutions’ cost-effective solutions. At the current stage, innovative RFID technology is mainly used to label goods and collect inventory information to ensure that inventory levels are reduced while increasing the best-selling products in retail malls.
Improve market leadership
The field test application clearly shows that the fashion industry adopts You-R RETAIL inventory management system with huge potential for benefit improvement. It has the same effect for fashion manufacturers and retailers, vertical marketing industry and department store industry. Robert Paulus, the sales director of RF-iT Solutions, emphasized: “Item-level inventory information enhances data quality, leading to improved operational efficiency. Because now any product can be identified anytime and anywhere.” Director of Management Dominik Berger added: “We Of users find that this mature solution can quickly and cost-effectively benefit them. In addition, inventory optimization also creates profit opportunities for them. The corresponding storage capacity is increased, capital investment is reduced, and ultimately customers can also profit from it.”
According to a research report by the German consulting agency GCS, RF-iT Solutions has a 68% market share in the fashion industry. Through long-term accumulated experience and commitment to the fashion industry, the company has become a common fashion industry solution provider, and has strengthened its market leadership through new projects. RF-iT Solutions’ solutions have always remained cost-effective, modular, scalable, and integrated, ensuring continuous upgrades through the middleware platform.
RF-iT Solutions GmbH is headquartered in Graz, Austria, and its business scope involves RFID software and services. The company was established in 2005 as a company formed after the acquisition of the “RFID Software and Solutions” branch of Infineon AG. RF-iT Solutions is a market leader in strategic planning for the fashion and automotive industries. The company’s RFID middleware and technical consulting, numerous communication technology solutions can link business processes, RFID technology and information technology together. The company has only 36 employees and is committed to marketing and continuing to develop You-R OPEN, which is an upgradeable automatic identification software product and the world’s leading RFID operating environment (OPerating Environment), which can be used as a system integrator, software manufacturer and The operator’s work platform is used.
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