RFID in Inventory Management: Opportunities and Applications
Detego is a software service provider for retailers who at NRF 2019 displayed their RFID- based inventory management artificial intelligence application and software. The software aims to provide retailers control over the access to digital connectivity through an RFID-based system. The solution is offered in a SaaS model with high inventory accuracy, consistent product availability, and cloud hosting at a low cost. Detego is being used in around 1500 stores proving it is cost effective and quickly adaptable on the market.
The core product comes with AI application from Detego which simultaneously benefits the customer and the retailer. The chatbots are integrated to give information about the product availability and product information; furthermore, the user looks into customer preferences and provides recommendations. The machine learning system allows the AI to consistently learn and adapt to the current trends and ever-changing dynamics of the retail sector. Planogram lets the user maintain the store with AI because manual maintenance is very tiresome and time-consuming. The refilling process is simplified, and the inventory requirements can be easily understood. The company has pioneered in Internet of Things (IoT) and has given great outputs that can be used in the fashion retail industry. The in-store lean edition adds long term value to the fashion industry by delivering accurate inventory report and constant availability of the product.
The RFID tags are better than bar codes because these codes can be scanned in any orientation. In the distribution center, labor costs are estimated to be 80 percent of the activity, and by using RFID, the costs can be cut down while most of the tasks can be automated. The real-time update provides transparency in inventory and improves visibility. The scanners at doorway can provide accurate time and number of items dispatched with requiring a manual count. RFID can be affected by external factors disrupting the interface. The data collected from the tags requires a vast amount of storage to manage the data making it obsolete for smaller goods. With proper planning and foresight, the solution can optimize inventory management. The tools are provided to assist retailers in increasing sales; hence, they must be appropriately incorporated in businesses for positive results.
Check This Out: Top Inventory Management Solution Companies
Read Also
"Chatbots: Transforming Retail Sector"
AOPEN launches cTILE 22 Touch Solution to Serve Commercial Environments
The Rise of M-Commerce in the Modern Era
Featured Vendors
Infotech Global Services IT Staffing and Consulting Solutions to Advance Retail Performance and Prod
Tango Analytics: The first fully integrated Cloud based Customer & Location Predictive Analytics and
Sky IT Group: Extensive Data Gathering with Robust Reporting Functionality Yields Measurable Busines
Quantum Retail Technology: Leveraging Consumer Demand to help Retailers get the Maximum value from t
Kyrus Solutions: Celebrating 40 Years Of Service From Initial Consultation To Development, Implement
Direct Source: Hardware, Software, Integration And Installation Services That Fit Unique Retail Need
ConStrata Technology Consulting: Complements Strategic and Tactical Decisions with Information Techn
EDITOR'S PICK
The IT World: An Ever Changing Place With Constant...
By Pete V. Sattler, VP-IT & CIO, International Flavors &...
Deploying In-Memory Capabilities To Meet Tomorrow's...
By Benjamin Beberness, CIO, Snohomish County PUD
Tech Provider, Delivery Partner or Both?
By Gary Watkins, CIO of IT Shared Services, KAR Auction...
Technology Helps Supply Chain Embrace Uncertainty
By Tonya Jackson, VP Global Supply Chain, Lexmark
From Bean Counter to Propeller Head: Lessons Learned by a...
By Chad Lindbloom, CIO, C.H. Robinson
Efficient Ways to Manage Data and Make Effective Decisions
By Ryan Fay, CIO, ACI Specialty Benefits
Democratizing IT Technologies to Improve Sales...
By Kris Holla, VP& CSO, Nortek, Inc.
The Cloud (still)Doesn't Support VoIP
By Shawn Wiora, CIO & CISO, Creative Solutions In Healthcare
AI and the Future of Field Service: Moving from...
By Michael Alcock, Director-CIO Executive Programs &...
Revolutionizing Industrial Mining through Smart Tools
By Jeff Bauserman, VP-Information Systems & Technology,...
Virtualize, Cloud, Mobile First
By Wes Wright, CTO, Sutter Health
Performing as a Turnaround CIO Artist, It's Not Magic...
By Peter Ambs, CIO, City of Albuquerque
By Mark Ziemianski, VP of Business Analytics, Children's...
The Highway's Jammed With Broken Heroes on A Last Chance...
By Jonathan Alboum, CIO, The United States Department of...
AI Can Improve Patient Outcomes, but will Pharma Get...
By Ryan Billings, MS, MBA, Executive Director, Digital...
Creating a New Productive Work Environment
By Christina Clark, Managing Principal, Cresa
Blockchain and The Law: How a Simple Project can get...
By Evan Abrams, Associate, Steptoe & Johnson LLP
Scope of IT Services in Today's Business Landscape
By Holly Baumgart, Vice President-Information Technology,...
Digital Transformation in an Ever Changing World
By Melissa Douros, Director of Digital Product Management,...
The Digital Transformation of the Insurance Industry
By Andrew Palmer, SVP & Chief Information Officer, U.S....