INVENTORY VISIBILITY
Availability Anytime-Anywhere
Retailing excellence is based on unified inventory accuracy and proactive inventory management. i-TEK RFID item level identification and tagging solution enables the retailers to get away from the challenges and shortcomings of legacy identification systems. Our solution provides end-to-end inventory visibility across the Supply-chain.
THE CHALLENGE
- Low level visibility of stock leads to loss of sale
- Low Omnichannel fulfilment rates
- Customer dissatisfaction
- Cost of higher safety stock
- Cost and complexity of inventory management
- No ageing stock visibility
- Out-of-Stock & Out-of-Shelf scenarios
THE NEED
- Maintaining high levels of inventory accuracy (>99%) at an individual product level
- To get visibility and control over the stock, across the retail supply chain
- Reconciliation of inventory
- Eliminating the loss of sale due to stock-outs
- Faster retrieval of right products
- Enhanced operational efficiency with unified and simpler workflows
- Enriched customer experience
OUR SOLUTION
Integrated i-TEK Retail RFID Platform provides inventory accuracy more than 99%. It accurately captures the end-to-end journey of the tagged and encoded items through item level serialization
Our customers get a complete control over the item movements across their supply chain, by using i-TEK Web Platform and different customized RFID devices/apparatus. This helps in accurate reconciliation of the inventory.
Retailers stay continuously updated regarding the stock situations through timely alerts and notification for replenishment. This leads to elimination of stock-out scenarios and boosts the sale by ensuring the availability of right stock at the right place. i-TEK integrated workflow allows the retailers not only to get notified about the items to be replenished but also to search the required items using Geiger Search Function and move them
For a store of 50,000 items, i-TEK retail solution enabled the retailers to perform the inventory in less than 1 Hr while their business continues as usual.
By eliminating the need of manual interventions and “each level counting”, i-TEK RFID solution has provided almost 80% time and efforts savings in the processes like Inbound and Outbound.
IMPACT WE MADE
- Inventory accuracy more than 99.5%
- Ageing stock visibility and control with the time buckets
- Frequent cycle counts in a much lesser time and efforts
- Exact and real time replenishment with 25% more accuracy against the manual traditional replenishment activity
- Shelf-life visibility
- Safety stock elimination leading to cost savings which helps in RoI realization
- With i-TEK Retail RFID, one of the big box retailers, having more than 500 stores, achieved their inventory accuracy goals with the RoI in less than a year
USING RFID TECHNOLOGY IN RETAIL
- i-TEK supports GS1 compatible Encoding/Tagging setup for the Manufacturers and Suppliers integrated with their clients SAP or any other ERP system. By this setup, next level team is updated real-time on the ground level work status and to be ready for the expected delivery schedule.
- The warehouse team receives the goods as per SAP/ERP orders and inward them with RFID enabled inventory checklist
- Warehouse can get the shipment ready with the picklist function as per the store re-ordering list or distributor request and subsequently can keep the concerned stakeholders notified about the dispatch status
- Distributor receives the goods and keep them ready to send them to stores without and errors and share the exact dispatch list with store before hand for their confirmation.
- Store receives the goods and place them as per designated retail shelves and racks with RFID location marking as per the planogram
6. Store staff locates a particular item in the store and check its availability
7. Have access to the products from store to store and also to the entire database
8. Offer personalized customer offers and an improved shopping experience
9. Reduce shrinkage with item level tracking and improve the security at the store gate.
10. Maintain in-stocks, minimize theft, and manage the ratio of supply and demand.
11. RFID powered real time inventory at the stores enables zero omni-cancellations when integrated with endless aisle platforms
12. RFID interactive systems enhances customer experience and help them make right choices & introduces to them more styles thereby increasing the chances of sale
i-TEK ENCODING STATION
i-TEK Encoding Station easily and quickly encodes hundreds of RFID tags at retail stores, offices, distribution centERs, warehouses, or other spaces.
i-TEK encoding station includes:
- Internal RFID reader with embedded computer
- RFID antenna
- Barcode scanner
- Magnet for facilitating the placement of RFID hard tags
- Visual indicators
- Frame and casing
- Display
Business benefits of i-TEK encoding station:
- Easy, fast and effective encoding
- Stand alone & with cloud connection
- Plug and play
- Compatible with hard tags and paper tags
- Password protection
i-TEK BULK ENCODING CONVEYOR
i-TEK IoT enabled Bulk Encoding Conveyor easily and quickly encodes hundreds of RFID tags/items inside box at retail distribution centres, warehouses, or other spaces.
i-TEK Encoding Conveyor includes:
- Internal RFID reader with embedded computer
- RFID antenna
- Touch Screen Interface with Visual indicators
- Frame and casing
Business benefits of i-TEK encoding station:
- Easy, fast and effective encoding for large quantity within a packing box
- Stand alone: encodes anywhere
- Plug and play
- Compatible with hard tags and paper tags
- Password protection
- IoT Enabled
INVENTORY MANAGEMENT AND TRACKING
Inventory management is an essential retail solution offered by i-TEK. With a i-TEK item management solution user can quickly and easily locate any creative asset—reducing the time required for audits or inventories and track its complete life-cycle from acquisition to disposal. This retail solution is versatile enough to track items, racks, shelves, IT assets, equipment, and vehicles for effective visibility, control, and accountability.
i-TEK RFID retail solutions improve every aspect of merchandise management delivering on the promise of item level tracking to help retailers keep the floor stocked, take accurate inventory, process incoming orders, and reduce shrinkage. Capturing the movement of any item within the store and throughout the supply chain, i-TEK RFID retail solutions provide the visibility to help you improve product availability and customer service.
Contact i-TEK team to learn how our retail solutions can empower your associates, increase the efficiency of your item tracking and inventory management, and improve your customers’ experience for greater customer loyalty.
With the right technology now in place, the question becomes, “Where’s RFID going to deliver the most benefits for the highest ROI?”
Real-time tracking of inventory in the warehouse, in transit and in-store.
Reduction in time checking, counting and logging product at all levels of the supply chain will deliver great savings.
Increase asset visibility, Inventory accuracy is even more valuable in an inventory management environment.
The ability to accurately know what you have and where will reduce safety stock, enable better timing of replenishment and give better data on where to forecast future demand.
In-store Improve employee productivity.
RFID reduces the time spent by employees on their daily in-store operations. This saved time can help in incremental sales through client tailing, personalized sales, running campaigns, spending more time on adherence to visual merchandising, customer experience, etc.
Easy access to fresh category data.
In the chilled environment, the ability to not only know what inventory you have on the shelf but also the expiration date and shelf life remaining would revolutionize inventory management in what’s one of the most expensive sectors to operate.
INFOTEK SOFTWARE & SYSTEMS (P) LTD
- Survey No. 22/4/1,
- 101, E Wing, Iris, Balewadi,
- Pune – 411045. INDIA.
- Office 203,
- Building Name is Amna Naseer
- Al Mararr Dubai
CONTACT INFO
- Tel: +91 20-67184000
- Email: info@infoteksoftware.com
- Get Directions
