Tyco’s RFID-enabled inventory visibility solution helps top fashion retailer achieve supply chain excellence
NEUHAUSEN, Switzerland—May 28, 2014—Tyco Retail Solutions (www.tycoretailsolutions.com), a leading global provider of retail performance and security solutions, was named to the 2014 Supply & Demand Chain Executive 100 for the second consecutive year. This year’s recipients were recognized as leaders in assisting retail executives to achieve supply chain excellence by providing measurable gains in ROI through cost-cutting and increased efficiency. One of the world’s largest fashion retailers relies on Tyco’s RFID-enabled inventory visibility solutions to gain greater item-level visibility throughout the supply chain: from vendor shipment, to store receipt, throughout the store and to the customer through the point-of-sale (POS).
Tyco Retail Solutions recognized for helping top fashion retailer achieve supply chain excellence.
As a fashion leader, this retailer constantly delivers new and fresh apparel assortments to its stores to meet the ever-changing needs of its customers. Item-level RFID provides the visibility necessary to deliver on this mission. As part of the company’s comprehensive RFID strategy, the retailer deployed Tyco Retail Solutions’ item-level inventory visibility products in hundreds of stores worldwide. Now, they have accurate real-time visibility and control of their store inventory, down to the individual SKU level, across their retail enterprise, to combat mission critical issues like poor inventory accuracy, out-of-stocks and costly markdowns. This consolidated enterprise-level visibility includes inventory management performance at the store level in nearly every country of operation. The retailer also relies on Tyco’s Sensormatic dual technology RFID/Acousto-Magnetic (RFID/AM) hard tags and detachers at the point-of-sale (POS). By utilizing RFID technology in loss prevention, they also gain detailed insights into real-time loss events as they happen, aiding in future shrink prevention measures.
“In the world of fashion, retailers have little room for error, with inventory shortages potentially impacting shoppers’ perception of merchandise assortment and customer service,” commented Nancy Chisholm, Vice President and General Manager, Tyco Retail Solutions. “The value of RFID-enabled inventory intelligence is quickly gaining momentum with retailers around the globe to achieve item-level visibility throughout the supply chain, addressing both inventory management and shrinkage control. We are honored to be recognized by Supply & Demand Chain Executive 100 in helping retailers enhance the overall customer experience and improve process efficiencies.”
For more information follow Tyco Retail Solutions on Twitter @TycoRetailNews, or visit the Inventory Visibility and Source Tagging areas of the website.
Supply & Demand Chain Executive is the executive's user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. More than 200 projects were submitted for consideration for the 2014 Supply & Demand Chain 100. For more information visit: www.SDCExec.com.
Filed under Inventory Intelligence; Inventory Visibility; RFIDKeywords inventory visibility; rfid platform
Published on 5/29/2014 Permalink