GS1 recognizes value of Tyco’s innovative RFID-based inventory visibility as an IoT application
NEUHAUSEN, Switzerland—November 14, 2014—Tyco Retail Solutions (www.tycoretailsolutions.com), a leading global provider of retail performance and security solutions, has been named a 2014 GS1 Hong Kong Internet of Things (IoT) Certificate of Merit award winner. Formerly known as the Hong Kong RFID Awards, the newly revamped awards program is designed to spotlight creativity, innovation, and adoption of IoT technologies to address critical business issues. Tyco Retail Solutions was recognized for its pioneering RFID implementation at Macy’s which provided the accurate inventory foundation necessary for the legendary retailer to execute its mission as a leading omni-channel retailer.
Tyco’s innovative RFID-based inventory visibility as an IoT application earns industry recognition from GS1 Hong Kong.
“With the tremendous applications and opportunities offered by the Internet of Things, local companies should be well prepared to cope with this mega trend,” said Ms. Anna Lin, JP, Chief Executive of GS1 Hong Kong. “The award winners can certainly provide role models and showcase how businesses can benefit from ‘everything connected’ by bringing more visibility to the supply chain.”
In an omni-channel retail world where shoppers interact just as much with information about retail inventories as they do with actual goods, having accurate and up-to-date inventory visibility is essential. An early pioneer with RFID, Macy’s understood the unprecedented value this technology could deliver to improve inventory accuracy, enhance the customer experience, drive sales and bolster efficiencies. By selecting Tyco Retail Solutions as their strategic partner and deploying Tyco’s TrueVUE Inventory Intelligence solution across more than 800 stores, Macy’s was one of the first retailers to use RFID chain wide on a national scale -- a forerunner in bringing RFID and the Internet of Things to the mainstream.
“The Internet of Things is rapidly gaining momentum across industries and retail is no exception. Tyco is expanding its IoT capabilities that will enable Tyco to offer customers predictive insights and smart services,” said Nancy Chisholm, President, Tyco Retail Solutions. “Deployed in more than 4,000 retail locations, including some of the world’s largest store chains, Tyco’s solutions deliver visibility and predictive capabilities addressing inventories, store traffic, and customer behavior. We are honored to be recognized for our work with leading retailers like Macy’s as we help transform IoT technologies such as RFID into meaningful, tangible business benefits.”
Learn more about how Macy’s uses RFID technology to deliver a better retail experience.
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Published on 11/17/2014 Permalink