The ‘digital divide’ is widening

Outstanding Customer Experience and Prompt Omni-channel fulfilment are a necessity, they are expected from consumers.

In an era where shopping is done at the touch of a button and in-store shopping habits have been dramatically impacted, retailers can no longer compete with the current retail model. This includes how they manage their inventory.

“The coronavirus pandemic has decimated retailers of all stripes. Mall-based specialty apparel retailers have been the hardest hit financially and have a long road to recovery. Too many of them, though, are in poor position to rebound, since they neglected to upgrade their businesses with an important store technology called RFID, despite being urged to do so for many years.” Source: https://www.forbes.com/sites/marshallkay/2020/06/10/americas-specialty-apparel-retailers-are-in-worse-shape-than-you-think/

To maximize in-store sales, retailers’ need to achieve a high level of inventory accuracy, minimize out shelf stock and ensure the right products are on the shelf at the right time, all this whilst efficiently managing their working capital.

To ensure Omni-Channel success, all inventory must be made available; unfortunately, due to lack of inventory accuracy confidence many retailers cushion their stock by hiding full stock availability levels, or overstock items for fear of failed delivery.  (This widely accepted stop gap practice however cannot keep up with increasing demands and costs retailers $ millions per year)

Companies that transform will survive and thrive. Inventory accuracy is the foundation for retailing and RFID is the best enabler for inventory accuracy. RFID technology that delivers high (+98%) inventory accuracy is driving near-perfect stock availability and opening that stock to Omni-Channel orders.

Download the LPP case study here: https://checkpointsystems.com/case-studies/lpp/

Checkpoint System’s has a depth of experience and understanding in both our customer needs and RFID technologies. To date we have enabled stores around the world to benefit from improved inventory accuracy and sales with our RFID Solutions.  Checkpoint’s Inventory Management Solution enables retailers to:

  • Increase Sales with effective replenishment
  • Decrease expense with effective inventory accuracy
  • Improve Customer Experience both in-store and on-line

Checkpoint has the solutions and expertise to help retailers thrive in an Omni-channel retailing world. First steps are easy and cost effective. Let us show you how. 

 

 

 

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About Checkpoint Systems

A division of CCL Industries, Checkpoint Systems is the only vertically integrated RF/RFID solution provider for retail. With consumer demands accelerating at an extraordinary rate driven by technology, Checkpoint delivers intelligent solutions – bringing clarity and efficiency into the retail environment anytime, anywhere through a unique offering of software, hardware, labels, tags and connected cloud-based solutions. 

To find out more and begin your journey with Checkpoint, get in touch using the button below.

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