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SLASH OUT-OF-STOCKS MAKE OMNI-CHANNEL A REALITY CUT SHRINK IN HALF END-TO-END INVENTORY CONTROL LOSS Improve inventory accuracy and increase sales Item level RFID inventory management Loca. .fi

Item level RFID inventory management · Item level RFID inventory management ... Reduce safety stock Reduce inventory carrying costs by as much as 59% Standardised inventory management

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Page 1: Item level RFID inventory management · Item level RFID inventory management ... Reduce safety stock Reduce inventory carrying costs by as much as 59% Standardised inventory management

SLASH OUT-OF-STOCKS

MAKE

OMNI-CHANNEL

A REALITY

CUT SHRINK

IN HALF

END-TO-END INVENTORY CONTROL

LOSS

Improve inventory accuracy and increase sales

Item level RFID inventory management

Loca..fi

Page 2: Item level RFID inventory management · Item level RFID inventory management ... Reduce safety stock Reduce inventory carrying costs by as much as 59% Standardised inventory management

RFID Retail Solutions

from Factory to End Customer

WHY RFID ADDS VALUE

Item-level RFID tracking for retail is proven to

have significant benefits, including dramatically

enhanced visibility which leads to increased

efficiency and cost reductions.

Benefits:

Reduction in out of stocksRetailers make up to date re-stocking decisions

based on an accurate real time inventory system

and are therefore able to reduce out of stocks or

over stocks.

Increased salesEnhanced visibility in the retail store ensure that

the right item is available at the right time to

increase sales. Ordering too little can lead to

missed opportunities and lost sales. Lost sales

due to the inability to locate inventory are

eliminated.

Eliminate shipping errorsBy replacing manual processes with automatic

data capture technology, high levels of precision

and accuracy can be achieved. Data entry errors

can be eliminated, reducing inventory and the

costs associated with human error. Using RFID,

critical shipments can be tracked through the

supply chain to pinpoint product location and

eliminate errors.

Reduction in shrinkImprovements to inventory accuracy allows for

reduced back of store stock levels, increased sales

and better customer service. This provides a

greater return on investment. Just in time

inventory in the store increases retail floor space

and reduces back of stock real estate.

Elimination of 3rd party inventory auditsNo need for annual or bi annual third party stock

takes.

Enhanced customer experienceReduces inventory related demands on retailers

enabling them to better assist customers and

ensures products are available for purchase at

the right place and right time.

Manage Retail Inventory with item Level RFID

Counting inventory fast, often and accurately enables you to gain an understanding of your actual stock.

As a result , empty shelves can be replenished and the cause of stock differences can be identified and dealt

with quickly .

With RFID you can take full control of your inventory from point of manufacture , to sale from a retail store.

With RFID readers at key locations, you will know exactly which items have been delivered, which items

have been moved to the sales floor and which items need to replenished .

Y ou can even identity which items have left the store without being paid for.

This insight enables you to maximise on-shelf-availability and prevent out-of-stock situations without

having to overstock, thereby boosting sales .

Shipping

Product Tagging

Product CODE

123

Inventory Packing Auditing

Eliminates shipping errors

Distribution Centre

Distribution Centre

POS

Retail Store

123

InventoryReceiving Front of House

123

DispatchReceivingInventoryPackingAuditing

Eliminates shipping errors

Back stock

Factory

Page 3: Item level RFID inventory management · Item level RFID inventory management ... Reduce safety stock Reduce inventory carrying costs by as much as 59% Standardised inventory management

Inventory Accuracy ~80% >98%

Inventory Cycle Count 2x per year up to 200x per year

Receive Audits 1-5% (random sample) 100%

Internal Shrink 0.5 - 1% 70% reduction

Out-of-stocks (Sales Floor) 10-25% <5% (2-14% sales lift)

3rd Party Audit Costs $3K - 30K per store / year $0

Sales Floor Density 2 SKUs/ft2 3 SKUs/ft2 (50% increase)

Increase SalesIncrease sales by up-to 14%Cut Out-of-Stocks by as much as 80%Minimise mark-downsImprove customer serviceIncrease SKUs/SqFt by 10%-50%

Reduce InventoryReduce inventory levels by 10% - 20%Reduce safety stockReduce inventory carrying costs by as much as 59%Standardised inventory management business processes

Slash ShrinkReduce internal shrink by more than 50%Eliminate shipping errors Item-level box auditing of all shipments received Item-level box auditing and dispatching of all shipments to storesEliminate returns fraud

Enhance Omni-Channel capabilitiesFul�ll online orders from storesImplement Click and CollectReduce online inventory thresholdsImprove online distribution process

Eliminate Costly AuditsNo need for annual or bi-annual third party stock-takes.Store sta� can perform accurate stock-takes daily/weekly

BAR CODE VS RFID

LOSS

Bene�ts of Enhanced Inventory Accuracy

Page 4: Item level RFID inventory management · Item level RFID inventory management ... Reduce safety stock Reduce inventory carrying costs by as much as 59% Standardised inventory management

Deployed By Innovative RetailersDeployed By Innovative RetailersItem Level RFID has been deployed by innovative retailers like American Apparel throughout their supply chain.

By deploying item-level RFID to every store in its global chain, American apparel have realised significant return

on investment and cited RFID as a key factor in due to:

• Sales lift of > 5%

• Reduced out-of-stocks by 50%

• Inventory reduction 9%

• Internal shrink cut by 50%

• Enhanced omni-channel capabilities, like ship-from-store

• Increased employee morale

Tel: 02 8197 3333 Email: [email protected] Web: www.ramprfid.com.au

10 Stokes Ave, Alexandria, NSW 2015, Australia

Locafi is a powerful RFID supply chain tracking platform, versatile enough to manage your inventory and assets. Locafi uses RFID data captured by fixed and mobile readers to provide real time asset and inventory visibility from point of manufacture through to retail store.

Designed to suit the requirements of manufacturers, transport and logistics providers and retailers, Locafi provides clients with the insight and data to drive smarter, leaner processes and informed decision making.

Location Visbility DeliveredLoca.fi

Loca.fiLoca.fi

Print and encode serialised GTIN labels Encode and assign asset tags

Encode blank labels

Accurately allocate, audit, dispatch,

and receive orders

Perform regular cycle counts in any location

Drive accurate and timely replenishment

Use Geiger search to quickly locate missing items or performSKU level searches

IntegrationTo WMS / RMS / POS

IntegrationTo WMS / RMS / POS Loca.fiLoca.fi

Loca.fiCloud Database

Product Catalogue

Real-time data

Reporting

Alerts