Checkpoint Systems and RGIS, a vendor of supply chain, inventory, insights, merchandising and optimization solutions, announced their association to offer RFID-based inventory management solution to retailers.
Announced at the NRF 103rd Annual Convention & Expo, the solution incorporates Merchandise Visibility Solution from Checkpoint Systems, together with RGIS’s inventory specialists.
Checkpoint’s Merchandise Visibility Solution includes OATSystems software, RFID hardware, RFID tags, RFID-trained field engineers to deploy and support the implementation, RFID-based EAS leveraging the OneTag approach and Wirama Radar, RFID-based point-of-sale solutions and RFID compliance tools.
RGIS’s team provides tag-up for pilots and roll-outs, as well as cycle counting and audits for retailers that opt for third-party support for these activities. Industry studies have consistently shown that frequent inventories are key to the successful use of RFID by retailers to maintain inventory accuracy and reduce out-of-stock items.
“The benefits of RFID for inventory management are well-documented, with accuracy increasing from around 65 percent to 98 percent or even higher,” said Bill Hardgrave, Dean and Wells Fargo Professor, Auburn University Harbert College of Business, and founder of the University of Arkansas RFID Research Center.
As retailers rapidly scale-up their RFID implementations, they are looking for opportunities to shorten the time-to-value and reduce the risks inherent in an enterprise solution rollout.
“Inventory and data collection are critical to retailers’ effective operations,” said Bill Carpou, RGIS’s Executive Vice President, Sales and Marketing.
Checkpoint and RGIS have also designed several packages to help facilitate financial flexibility for retailers implementing RFID from pilot through full deployment.