A Pratt & Whitney retail association study of Macy's and a recent study by the IHL Group and Citrix Consultants show RFID helps prevent inventory distortions and lay the groundwork for a store's unified commerce.

April 10, 2017 Neuhausen, Switzerland -

Tyco Retail Solutions () works with several industry groups to examine the value of RFID technology in helping to ensure inventory accuracy and facilitate store-to-business integration. These new studies validate RFID as the basis for today's unified commerce to prevent inventory distortion and improve inventory accuracy and visibility.

Judge the seriousness of the problem

The IHL Group study, "Retail Inventory Distortion Problem: Sizing it all up," focused on the huge global inventory distortion retailers face today. Out-of-stock and over-stocking are big issues for the retail industry at about $ 1.1 trillion (1). Because of this issue, retailers are not confident in ensuring the availability of existing stock and are therefore cautious about the option of using all of their stock for online sales and store-to-shop delivery of online orders (BOPIS). This poses a great risk to the customer experience and, on average, lost 8.7% of total sales due to low inventory accuracy (2).

Describe the requirements

According to the latest "Kurt Salmon RFID in Retail Study," retailers see the following challenges as their biggest challenge today:

· Provide more order fulfillment options for shoppers (55%)

· Get ​​better inventory visibility (33%)

Increase operating profit (30%) (3)

Because of poor inventory visibility, retailers are not able to cost-effectively meet the shopper's need for "discretionary orders, random pick-up." Difficult to successfully implement a unified business plan.

Establish a solution

Offering a variety of shopping options, the key is the real-time inventory of each store through item-level RFID technology. Adopting this technology and performing regular cycle counts helps retailers prevent inventory distortions and improves inventory accuracy to 99% and 95% -99% (4). As stock accuracy improves, more shoppers can find the stock they need, increasing sales by 5% to 25% (5).

Brent Brown, vice president of inventory solutions and general manager of Inventory Intelligence and Internet of Things at Tyco Retail Solutions, said: "Today's consumers are constantly seeking to shop anytime anywhere, and retailers must prioritize the deployment of technologies that support a unified business strategy. RFID-based solutions allow Retailers are confident of delivering accurate real-time inventory, meeting customers' expectations and maximizing profits. "

Quantify RFID benefits

It can be said that item-level RFID data is the single most important product information that helps retailers better provide customers with accurate inventory.

Recently, the Platt Retail Institute published a comprehensive report on quantifying the benefits of RFID based on extensive research on Macy's and its RFID projects. Macy's has been a pioneer in deploying commodity RFID technology and has been using RFID inventory solutions from Tyco Retail Solutions for many years. This extensive study revealed inventory accuracy results showing that Macy's stockpiles accumulated at a rate of 4% to 5% per month before adopting RFID solutions and carrying out monthly cycle counts. Through the use of regular RFID cycle inventory, inventory variance remained at 2% -4.5%, reduce the inventory reduction of the situation.

In addition, ensuring that every item in the RFID store is available for sale increases sales, deliveries, and order fulfillment rates. This is very important for Macy's, as nearly 20% of Macy's's items exist in a single piece. Macy's also achieved significant savings in operating costs, product markdowns and inventory levels. The Pratt Institute's study details extensive research into four unique store RFID use cases, each of which performed significantly better than non-RFID stores (6).

At the upcoming Retail Asset Protection Conference 2017 on April 11, "Better to Sell Lost: Quantitative RFID Benefits," Steven Platt, a researcher at Pratt & Whitney, and Lionel Messi, Bill Connell, senior vice president of department store logistics and operations, will present their findings on the value of RFID in inventory accuracy and availability.

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The seal of the Saifu lever hydraulic support is composed of a sealing ring, a retaining ring, a guide ring and a dustproof ring.

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retaining ring:
Used together with the sealing ring, it has the functions of anti-crowding, guiding and reducing wear. It is generally made of phenolic XII cloth, 45% copper powder mixed with filled PTFE and other materials.

Guide ring:
It is a part used on the jack piston or piston rod to support the movement of the piston or piston rod. It can prevent the piston or piston rod from direct contact and friction with the cylinder during the movement, and protect the cylinder and the piston or piston. The rod is not damaged. Generally, it is polyoxymethylene, polytetrafluoroethylene and other materials.

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