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One of the largest fashion retailers in Brazil is using RFID technology to obtain accurate inventory information.
Renner is deploying an RFID-based inventory information solution from Sensormatic Solutions, a Johnson Controls company. After implementing Sensormatic technology in all stores, Renner saw an 87% reduction in out-of-stocks and a 64% increase in inventory accuracy. ¹
According to Renner, more than 500 million products have been tagged with Sensormatic RFID technology, which allows more than 4 million item readings every day. In addition to increasing the quantity and quality of data, the retailer can better optimize the path of each product from the distribution center to the warehouse.
RFID enables real-time data management and product availability by providing accurate inventory information. For example, Renner can now see which items were taken to the fitting room and if they were ultimately sold or not. In addition, in-store and online shoppers can have better visibility of where a desired product is located.
Rainer It uses a single item-level RFID tag to support data capture and security applications, eliminating redundant tags. In an effort to eliminate the need for barcode reading and improve customer service, the retailer implemented RFID at the checkout. RFID alerts placed at store entrances help prevent losses.
Alexander Ribeiro, director of risk at Renner, said: “We have leveraged our omnichannel strategy and digital sales by leveraging advanced inventory data across our physical and online channels. “Furthermore, with Sensormatic Solutions’ RFID technology, we have a single source of truth for inventory information that allows our sales partners the ability to process inventory within hours of every month instead of every year.
“Reiner’s success is an important sign for Brazilian retailers to consider RFID as a strategic approach to their business,” said Maya Sumia, Country Manager for Sensormatic Solutions in Brazil. “With our technology, retailers can improve inventory accuracy, increase floor availability and maximize out-of-stock channel sales fulfillment, build brand loyalty and improve the shopping experience.”
Lululemon facilitates product availability through RFID
So is Lululemon Athletics. Deployment A new RFID platform hoping to get real-time product information. The athleisure, accessories and footwear brand is rolling out the Nedap iD Cloud RFID solution with the aim of increasing product availability in more than 600 global stores. Lululemon is using NDP RFID technology to provide real-time inventory information to ensure stores have the right types of products on their floors.
This capability, in turn, helps support a seamless customer experience across brick-and-mortar and digital channels.
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