Goodson Imports, Syscan International and Retail Alert Group have launched the most sophisticated RFID inventory management solution yet at Retail Expo Australasia.
The VUE Technology RFID Item Level RFID Solution provides retailers with a comprehensive inventory management system which increases sales by 12- 5 per cent; has 99.99 per cent accuracy; and delivers a 50 per cent reduction in stock-to-floor labour efforts.
“This new RFID technology means stock numbers, availability and even a product’s location can be reported to staff at any time,” says Tony Standley, Principal, Retail Alert Group.
“A store’s walls are fitted with antennas which talk to the RFID panels on each product so if a pair of jeans is moved to the wrong spot, staff will be notified where it is and, more importantly, where it should be,” Standley says.
“This function also provides an intelligent security solution.”
The new RFID system creates a communication system between an outlet’s floor, back-of-house, its warehouse and even stock-in-transit.
The wall’s antennas detect when stocks are low, items that need to be replaced, and whether the items are onsite or on the way.
Nine West, American Apparel and New Balance are each using the new technology in their American outlets.
Goodson Imports joined more than 220 other local and international exhibitors at this year’s Retail Expo Australasia, which attracted record registrations in mid August.