Tyco Teams with Other Leading Providers in RFID Zone to Demonstrate Store Operations and Omni-Channel Retail Capabilities
London, UK — March 10, 2014 — Tyco Retail Solutions (www.tycoretailsolutions.com), a leading provider of integrated retail performance and security solutions sold and serviced in Europe by Tyco Integrated Fire & Security, will be exhibiting in the RFID Zone at the Retail Business Technology Expo (RBTE) 2014 at stand 423. Tyco will be showcasing its Inventory Visibility solution which provides retailers accurate real-time visibility and control of their store inventory, down to the individual SKU level, across their retail enterprise. Tyco will be teaming with Nordic Plus,TRC Group, SMARTRAC and other RFID providers in the RFID Zone for attendees to experience the latest in store solutions leveraging RFID technology in one exhibition area.
Retailers around the world are realising the immediate benefits of RFID to combat mission-critical issues like poor inventory accuracy and trust Tyco Retail Solutions to successfully combat these issues. A market leader for RFID-based inventory intelligence solutions, Tyco Retail Solutions has the depth of experience to help today’s biggest retailers gain accurate item-level visibility across all stores, laying the foundation for a successful omni-channel retail strategy.
Omni-channel retail enables customers to shop anywhere, anytime, anyhow, and requires retailers to fulfill orders as needed by today’s evolving customer. This requirement includes leveraging store inventory for online order fulfilment, store click and collect, and same day customer delivery transactions. Visibility to accurate and timely inventory availability is a mandate across all channels and locations for omni-channel success. This inventory visibility is a fundamental necessity of modern retailing—not only to support omni-channel initiatives—but also to assure the right on-floor availability building shopper satisfaction and driving sales. This technology gives retailers visibility to items throughout the supply chain: from vendor shipment, to store receipt, throughout the store and to customer through the point-of-sale (POS).
Flexible RFID-based solutions, properly deployed, can help retailers seize new opportunities, avoid predictable risks, and prepare themselves for a future that combines shop-from-anywhere convenience with an enhanced shopper experience centered at the retail store.
“With more than a decade of expertise deploying large scale RFID-based solutions, Tyco addresses retailers increasing need to make the store more relevant with innovative omni-channel technologies designed to deliver a differentiated customer experience,” says Alessandro Della Monica, Vice President EMEA Store Performance Solutions at Tyco.
Key Benefits of Tyco’s Inventory Visibility Solution
- Reduces out-of-stocks with up to 99 percent inventory accuracy to meet expectations of online, mobile, and in-store customers
- Minimises lost sales and abandoned orders due to inventory inaccuracy and out-of-stocks
- Increases revenues by improving sales floor availability and inventory management
- Optimises employee efficiency while reducing costs
- Enhances customer experience by ensuring the right product is available at the right place, at the right time for in-store and omni-channel shoppers
RBTE 2014, Europe’s largest and fastest growing retail event with more than 9,000 international visitors expected, is a great venue for Tyco to interact and listen to their customers. “The RBTE gives us a perfect opportunity for connecting one-on-one with our retail customers to better understand and explore innovative solutions that can meet their diverse needs,” says Della Monica.
The RFID Zone at RBTE will showcase RFID technology in the following applications:
- Stock Room
- Changing Room
- Sales Floor
For more information visit stand 423, and learn more about Tyco’s Inventory Visibility solution.