In retail segment, retailers are already experiencing the beginnings of this trend, as RFID enables linking of warehousing to physical store and then to the e-commerce assists in brand authentication and enhances the in-store customer experience. Most retailers today conduct a manual stock count twice a year, achieving an average inventory accuracy of 70 to 80 percent. Item-level RFID makes it possible to activate, connect and track all those things that are currently invisible. By accessing real-time data on all their inventory items, retailers can achieve 99 percent inventory accuracy, know the missing items exactly and realize a true Internet of all Things (IoT) enabled i-TEK platform.
We’ve actually done the large setup for one of the biggest supply chain in India and replicating the same for their international requirements as it is an integrated (SAP/ERP), easy-to-deploy, scalable solution. In store for your retail business with i-TEK retail solutions.
Through RFID and barcode products and services and advanced relational database software, i-TEK retail solutions capture and track detailed item and asset information helping you optimize efficiencies from the back office to checkout.
Profit and productivity are our key areas to focus in retail solutions include retail asset management solutions, RFID retail solutions, Inventory management and security solutions, mobile store solutions, EAS (Electronic Article Surveillance) and ESL (Electronic Shelf Label).
i-TEK inventory management solutions give you the real-time, item-level inventory insight to know what is in stock—and how to find it. Equipped with this information your associates will spend more time selling merchandise and less time looking for it based on Brand, Size, Colour, Type, etc.
Inventory management solutions drastically reduce the time it takes to check inventory—what once required days or weeks can be completed in minutes or hours with an RFID handheld reader. With smart application you can take stock check by Store, Section, Rack or even up to shelve level. RFID-enabled shelves can even take inventory on their own! RFID systems raise inventory accuracy to 99%.
Compared to the lower accuracy of POS-based data, which creates logical and physical inventory difference most of the time. RFID-based inventory management solutions raise inventory accuracy to 99% or higher.
i-TEK’s inventory management solutions also help retailers verify shipment accuracy and minimize shrinkage. Manufacturers or producers can use inventory management to capture case-level traceability information to assist in product recall.
i-TEK retail solutions platform is a leading provider of RFID technology solutions proven to increase business value through cost-efficient, real-time RFID asset tracking software, RFID tags & labels, RFID Middleware software, RFID printers, RFID readers and RFID services with an integrated (SAP/ERP), easy-to-deploy, scalable solution for any size from a small store to large enterprise-level supply chain.
Our RFID and IoT technologies go beyond the limitations of barcoding in its functionality, cost-efficiency and overall performance providing real-time visibility into business operations. As an integrated future-minded partner for retail vertical, i-TEK Solutions is qualified to help grow your business. We believe that we have and can deliver the RFID products and solutions to resolve the challenges your business is experiencing while also helping you achieve tremendous business success.
i-TEK Encoding Station easily and quickly encodes hundreds of RFID tags at retail stores, offices, distribution centres, warehouses, or other spaces.
i-TEK IoT enabled Bulk Encoding Conveyor easily and quickly encodes hundreds of RFID tags/items inside box at retail distribution centres, warehouses, or other spaces.
Asset management is an essential retail solution offered by i-TEK. With a i-TEK asset management solution user can quickly and easily locate any creative asset—reducing the time required for audits or inventories and track its complete life-cycle from acquisition to disposal. This retail solution is versatile enough to track items, racks, shelves, IT assets, equipment, and vehicles for effective visibility, control, and accountability.
i-TEK RFID retail solutions improve every aspect of merchandise management delivering on the promise of item level tracking to help retailers keep the floor stocked, take accurate inventory, process incoming orders, and reduce shrinkage. Capturing the movement of any item within the store and throughout the supply chain, i-TEK RFID retail solutions provide the visibility to help you improve product availability and customer service.
Reduction in time checking, counting and logging product at all levels of the supply chain will deliver great savings.
The ability to accurately know what you have and where will reduce safety stock, enable better timing of replenishment and give better data on where to forecast future demand.
RFID reduces the time spent by employees on their daily in-store operations. This saved time can help in incremental sales through client tailing, personalized sales, running campaigns, spending more time on adherence to visual merchandising, customer experience, etc.
In the chilled environment, the ability to not only know what inventory you have on the shelf but also the expiration date and shelf life remaining would revolutionize inventory management in what’s one of the most expensive sectors to operate.