Application of RFID-based inventory traceability solution in retail industry
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British Telecom (BT), the world’s leading provider of communications solutions and services, has selected the company to deploy RFID (Radio Frequency Identification)-based retail inventory solutions. The new RFID solution will be able to track the actual inventory movement, and track the single product turnover rate based on the smallest stock unit (SKU), and at the same time can send real-time replenishment reminders to the retail store manager in advance to bring visibility. This real-time visibility will achieve close to 100% tracking accuracy and ideal forecast inventory levels, helping retailers to significantly increase employee productivity.
Keith Sherry, General Manager of Supply Chain Solutions, BT Global Services, said: “Omnitrol’s common distributed architecture for real-time asset management, coupled with BT’s extensive experience in providing fully managed end-to-end solutions, will enable the UK Telecommunications can provide retailers with a plug-and-play managed solution that can be deployed and scaled progressively.”
BT cooperated with Omnirol to jointly develop this solution, which can help retail customers to significantly reduce the complexity of deployment while reducing the cost of ownership as much as possible, so that customers can quickly obtain a return on investment on a per-store basis. Now, retailers can greatly simplify many labor-intensive processes such as receiving, storing, and inventory counting. Our predictive analysis method inventory accuracy is extremely high, so that the store can replenish in advance, which can almost avoid the occurrence of out of stock. Employees can concentrate on serving customers without having to spend time looking for inventory. Now we can always ensure that the inventory appears in the right place at the right time, thereby improving customer satisfaction, reducing price cuts, and increasing sales by up to 10 %. “
The OMNITROL distributed retail solution can be installed and put into use within one day after being pre-configured. It has some advanced functions, such as misplaced item detection, automatic single product replenishment warning, and real-time reports, alarm reminders and The mobile handheld devices that help the store to improve operating efficiency realize store-wide inventory adjustments.
How to improve efficiency, improve brand protection, and reduce the occurrence of out of stock is undoubtedly some of the most significant challenges faced by retailers, distributors and manufacturers. A fully managed distributed asset tracking and tracing solution solves this problem. The OMNITROL platform further proves its leading position in the industry. It can accurately and quickly share store management information, realize real-time inventory management and traceability, and create a more intelligent and collaborative supply chain. ”
About Omnirol Networks
Omnitrol Networks is a leading distributed software solution provider whose products can incorporate business insights into actual operations. Numerous partners and customers have successfully deployed process-centric smart solutions based on the OMNITROL platform, thereby greatly improving operating efficiency, employee productivity, and sales growth. Some of the features of real-time solutions include production visibility, supplier production collaboration, global asset tracking, and product traceability. OMNITROL-based solutions can capture and analyze events through digital and analog sensors, RFID and wireless positioning sensors, and existing production control systems to achieve real-time visibility in business operations. Omnitrol Networks is a privately held company headquartered in Santa Clara, California. For more information about Omnitrol Networks products and services, please visit www.omnitrol.com.
About British Telecom
British Telecom is the world’s leading provider of communications solutions and services, with business in more than 170 countries. Its main business includes: providing network IT services on a global scale; providing customers with local, national and international telecommunications services to meet the needs of users Life, work and mobile communication needs; provide broadband and Internet products and services; and provide converged fixed network/mobile products and services. BT is mainly composed of four business units: BT Global Services, Openreach, BT Retail and BT Wholesale. In the year ended March 31, 2010, BT Group’s operating income reached 20.911 billion pounds. British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc, covering almost all businesses and assets of the BT Group. BT Group Corporation is listed on the London and New York Stock Exchanges. For more information, please visit www.bt.com/aboutbt.
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