SML is enabling retail stores enhance inventory accuracy
Originally published on fibre2fashion.com
The combination of SML’s Clarity application platform and Microsoft Azure is enabling 1000s of retail stores around the globe enhance inventory accuracy above 98 per cent resulting in an increase in sales and improved customer service.
SML is a trusted technology partner for the largest global brands who are using the technology to perform frequent stock counts and to stream-line receiving and replenishment of goods.
Due to the time needed to manually count stock, many retailers only perform stock counts once a year; leading to inventory accuracy of less than 70 per cent. With item-level RFID technology, accuracy increases to approximately 98 per cent, according to a press release by SML. Using Clarity retailers are counting 100 million items every week in less than 6,000 hours. This is 1/25th of the time of manual counts making it reasonable to perform frequent stock counts of entire stores.
“Item-level RFID is changing the way retailers are running their business in order to better compete. We are seeing more and more retailers experiencing the benefits using RFID technology. By delivering this capability on Microsoft Azure, we’ve been able to provide scalable, high performance and simple solutions leading to disruptive business results for retailers,” said SML’s CTO and senior VP of RFID Solutions, Dean Frew.
“We are able to deliver some of the most exciting results that we have been part of in the retail sector and they are clearly helping retailers transform their businesses,” said Shish Shridhar, director of global business strategy, retail and consumer goods industry, Microsoft Corp. “It’s pretty clear that this technology combination will be the default standard on how retailers manage their inventory and deliver improved customer service.” (PC)
