www.truecount.com | [email protected] | twitter.com/zanderliving RFID The Bear Facts What You Need to Know to Jump-Start Item-Level RFID Implementation. By Zander Livingston, CEO
Nov 15, 2014
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RFID The Bear FactsWhat You Need to Know to Jump-Start Item-Level RFID Implementation.
By Zander Livingston, CEO
If item-level RFID looks like a 1,000 pound, snarly bear to you, relax…..
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Let Truecount show you how to easily harness the power of RFID to solve your toughest business challenges relating to inventory. With Truecount RFID, you can:
Increase VisibilityRemove DistortionMinimize Shrinkage
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Item-level RFID gives you visibility into your business operations and inventory like never before, delivering up to 99+% accuracy for what is really happening with your merchandise and your processes.It’s like a truth serum for retail!
Are you ready for the truth?Yes? Then let’s take a look at what
item-level RFID can achieve in the retail environment.
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Without Item-Level RFID• Why did six dozen parkas end up in your Miami Beach store? And
where’s that shipment of sunglasses—did it slide off the truck en route from Atlanta to L.A.?
• If you can’t see it, and can’t account for it, it’s costing you $$$, and you may not even know how much!
With Item-Level RFID• You have a complete, accurate view of your supply chain activity
in real time.• You can “see” your products as they move from the
manufacturing source through the supply chain to the sales floor to their final destination, the customer—in real time!
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Without Item-Level RFID• Inaccuracies (distortion) relating to inventory and replenishment
are as high as 65% industry-wide. • Are you making decisions and forecasts based on (seriously) faulty data?
• At any given time, 8% of all retail items are reported as “out-of-stock” items, when these items are often sitting in the back room, unnoticed. • How much is this costing you? • How is it affecting the store experience for your customers?
With Item-Level RFID• 99+% accuracy achievable• A clear, precise view of where each item is at any moment, in
real time
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Losing product and $$$ due to customer theft? Human error? Dishonest employees? Fraud? But don’t know how much, when, where, how, why or who?Gain Loss Intelligence with NO integration, and you will always know, in real time, WHEN, WHERE and HOW loss is occurring throughout the supply chain, leading you to the WHO and HOW of loss—the first step in correcting and eliminating shrink. Truecount RFID provides detailed “Loss Intelligence” at the item-level to help you reduce and remove shrink throughout your entire supply chain.
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Without Item-Level RFID• Using barcode, the max count is 200 items per hour.• Using manual counting, accuracy rates vary; they are only as good
(and reliable) as the person responsible for the task.• Employee confidence drops in proportion to time they spend
searching for misplaced and/or Out-of-Stock items.
With Item-Level RFID• Ability to count 5,000 + items per hour – a time savings of 96%. • RFID is ready to perform at up to 99+% accuracy, consistently.• Your sales floor is always at 100% capacity. • Employee confidence soars high; they know the item will be on
the shelf when the customer is ready to buy.
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Your product is always in its proper place and you can track it in real time.Your showroom floor is “perfect”, with the shelves fully and properly stocked.Cycle counts are so fast, you can perform them as often as you wish. Cycle counts are so efficient that your staff will have (much) more time to devote to sales and customer service.If something is missing, you know when, where and how much, leading to how, and who!
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Without Item-Level RFID• Too many “Outta sight” out of stocks
• A recent study estimates that merchants are losing about 4 percent of revenue due to out-of-stock items
• Lost sales and reduced customer satisfaction/loyalty
With Item-Level RFID• Out-of-stock are reduced by up to 50%, leading to improved
customer satisfaction and increases in sales (up to 15% in some cases)
• Satisfied customers, enhanced shopper experiences
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© Copyright 2011 Truecount Corporation. All Rights Reserved.
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Grab the Fruit• Identify the Benefits
• RFID will enhance all your processes• RFID can be deployed with low impact to your operations and with little to
no integration required
Key Factors• With Truecount, you have access to
the most advanced technology, hands-on expertise/our full resources
• We provide staff training and full IT Support
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It’s easier to tame than you thought!
© Copyright 2011 Truecount Corporation. All Rights Reserved.
Capabilities include:• Item Level Asset and
Inventory Management• Automated Workflow
and Business Process Management
• Advanced Business Analytics and Reporting
• Employee Performance Management
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Truecount’s software has “Out of Box” functionality and flexibility, so there’s no integration required to begin achieving compelling ROI.
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It’s difficult to convey the powerful capabilities of Item-Level RFID in print. We’d much prefer to show you in person, however….the following few slides give an overview of how the technology might fit for your business.
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Truecount provides a comprehensive RFID solution to manage your inventory supply chain from end-to-end.
© Copyright 2011 Truecount Corporation. All Rights Reserved.
Truecount’s focus is RFID for retail.
We eliminate the “guess work” of deploying RFID at the item-level allowing retailers to experience immediate ROI.
© Copyright 2011 Truecount Corporation. All Rights Reserved.
Feature Spotlight: RFID ReceiveEnjoy the speed and accuracy of receiving at an item-level with RFID.
•Catch discrepancies
•Prevent inventory distortion
•RFID takes 96% less time than bar codes for similar tasks
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Feature Spotlight: Move ToTruecount corrects inventory handling errors in real time.
•Reduce out-of-stock and/or missing items
•A ‘perfect’ sales floor where all items are represented means higher customer satisfaction and increased sales!
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Feature Spotlight: Item SearchEfficiently search and locate your inventory by Item, Style, Size, Color, Customer Name, etc.
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Feature Spotlight: Cycle CountingIdentifies distortion to provide precise inventory every time.
•Up to 99+% accuracy
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The future is here!
Now.
What are you waiting for?
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As an innovative technology, item-level RFID is dramatically changing the retail market space. Very likely, your competition is already pushing forward with their own RFID initiatives.
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““Shoppers are already ahead of retailers. They are
demanding and aware, and they will punish retailers for inefficiency and inaccuracy. RFID, implemented in
partnership with suppliers, is one way to enhance the customer experience and improve the supply chain.
~ Peter Longo, Macy’s
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Ready to learn more, or get started?
Call (1-800-403-7118) or emailTruecount today([email protected]) for acomplimentary consultation and see first-hand the benefits item-level RFID can bring to your retail operation.
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© Copyright 2011 Truecount Corporation. All Rights Reserved.
Truecount has relationships with synergistic companies allowing us to leverage a growing partnership network with companies like:
We invite you to join us in creating new paradigms for retail and ushering in the RFID-enhanced future. To learn more or to become a partner, contact Truecount at (800) 403-7118 or email [email protected].
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© Copyright 2011 Truecount Corporation. All Rights Reserved.
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@TruecountRFID
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