ADT Security announced the Asian debut of its Sensormatic real-time inventory visibility solutions suite to improve retail store management. Targeted at specialty apparel and book retailers, these solutions offer them ways to know what goods they have in their stores and their quantities, all without time-consuming and error-prone manual counting of inventory. Given the item-level intelligence these solutions offer retailers, they can also determine where the goods are, whether on shelves or displays, in the back storeroom, misplaced or missing. Such capabilities can help stores raise their inventory availability from an average of 67 percent to as much as 99 percent. By avoiding out-of-stocks this way, retailers adopting this application have reported sales increases of up to 25 percent -- despite these recessionary times.
Retailers in Hong Kong, for example, can now effectively address lost sales due to inventory inaccuracies, one of their most significant forms of loss that undermines their profitability. ADT's Sensormatic real-time inventory visibility solutions incorporate the TrueVUE RFID software platform and networking products. Retailers can enhance their store environments, optimize supply chain, generate incremental revenue and achieve better customer satisfaction through:
"Tracking in-store inventories accurately and reducing out-of-stock situations are key challenges to retailers as these can lead to lost sales and higher operational costs," said Roger Tsang, General Manager of ADT Security, Hong Kong and Macau. "With real-time inventory visibility, retailers can reduce out-of-stocks by up to 50 percent to ensure greater product availability for their customers through accurate stock replenishments. The new Sensormatic real-time inventory visibility solutions from ADT offer retailers a complete enterprise solution using advanced multi-sensor technologies in a multi-layered approach to control shrink and optimize operations, thereby increasing profitability."
The technology market research and strategy consulting firm VDC Research Group profiled two retail pilot projects using ADT's Sensormatic item-level intelligence solutions in a white paper sponsored by Sensormatic Retail Solutions titled "Chaos in the Retail Cosmos." VDC cited some of the benefits that emerged in a pilot project undertaken by ADT with a leading European book retailer:
enabled by item-level management
VDC also reported results from a similar project undertaken by a leading European department store:
To lower retailer deployment risks and costs that can be associated with deployments of advanced technology, ADT supports its Sensormatic solutions portfolio with comprehensive services, including consultation, system design, engineering, implementation, full post-deployment maintenance, remote diagnostics and service. If required, ADT can provide a hosted or managed RFID solution, as well.
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