Sensormatic Solutions Connected Inventory Intelligence Solutions Support Retailers’ Expanding Omnichannel Initiatives
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Insights
Understanding the evolving retail landscape requires a deep dive into the technology that is shaping consumer experiences and operational efficiency. The integration of RFID technology and cloud-based analytics by Sensormatic Solutions represents a strategic move to enhance inventory management and customer engagement. Retailers adopting these solutions can potentially see reduced out-of-stocks and overstocks, leading to optimized inventory levels and minimized waste. This precision in inventory control aligns with the 'just-in-time' inventory management philosophy, which could result in cost savings and increased profit margins.
Moreover, the deployment of these technologies is indicative of a broader industry trend towards omnichannel retailing. As consumers increasingly expect seamless shopping experiences across various channels, retailers that effectively leverage such digital solutions may gain a competitive edge. This could translate into increased market share and customer loyalty, ultimately impacting the financial performance of retailers who invest in these technologies.
From a market research perspective, the data gathered through these systems will be invaluable. The insights into consumer behavior and inventory dynamics will allow retailers to make data-driven decisions, potentially leading to more effective merchandising strategies and personalized marketing efforts. The long-term implication could be a more robust and responsive supply chain, tailored to meet the dynamic demands of the market.
The advancement of RFID and cloud-based solutions in supply chain operations is a significant development for retailers. Sensormatic's focus on source-to-store inventory management facilitates a granular level of visibility that is essential for today's agile supply chains. With the ability to track items from the point of manufacture to the retail floor, retailers can respond more quickly to fluctuations in demand and supply chain disruptions, which is particularly relevant in the context of recent global supply chain challenges.
Additionally, the ability to tag merchandise at the source can enhance loss prevention strategies. This is not just about reducing shrinkage through theft but also about improving the accuracy of inventory counts and reducing the incidence of stock discrepancies. The integration of AI-enabled cameras with RFID tagging can further fortify anti-theft measures and provide a deterrent effect against potential losses, which can have a direct impact on a retailer's bottom line.
Furthermore, as supply chains become more complex and globalized, the implementation of these technologies can help retailers comply with regulatory requirements and ethical sourcing standards by providing a clear audit trail for products. The potential to improve sustainability practices by reducing waste and ensuring responsible sourcing can also resonate with increasingly environmentally conscious consumers, potentially enhancing brand reputation.
RFID tags, cloud-based analytics and AI-enabled solutions are not just buzzwords in the retail industry; they represent a transformative shift in how retailers manage their operations and engage with customers. Sensormatic Solutions' display at the NRF Big Show is indicative of the company's role in driving this transformation. The interoperability and ease of deployment of these solutions are crucial for retailers who may be dealing with legacy systems and are looking for ways to innovate without disruptive overhauls.
The emphasis on end-to-end visibility and the promise of a 360-degree view of business operations suggest that Sensormatic is positioning its solutions as a comprehensive platform for retail operational excellence. The impact on businesses could be multifaceted, enhancing not only operational efficiency but also customer satisfaction through improved fulfillment options like BOPIS and BOPAC, which have been gaining traction among consumers.
It is important to note that the adoption of such technologies also comes with challenges, including the need for significant investment in infrastructure, training for staff and potential privacy concerns related to customer data. Retailers must weigh these considerations against the potential benefits, such as increased sales due to improved inventory management and customer experience. The ability of Sensormatic Solutions to address these challenges will be critical to their success in the market and, by extension, the success of the retailers that adopt their technologies.
- Retailers can use comprehensive range of digital solutions to enable seamless omnichannel experiences by optimizing source-to-store inventory management
- The brand’s omnichannel inventory intelligence solutions will be on display at the 2024 NRF Big Show
NEUHAUSEN,
“In today’s market, source-to-store data is critical to operational excellence,” said Subramanian Kunchithapatham, chief technology officer at Sensormatic Solutions. “Advanced RFID, source-tagging, distribution center and store systems can help retailers ensure their insight into operations is informed at every level of their supply chain setting them on the path toward a 360-degree view of their businesses’ strengths, weaknesses and opportunities for improvement.”
Extending the holistic insight retailers have achieved within their stores to their supply chains can help retailers stay agile and address their most pressing challenges:
- Inventory visibility: Many retailers are already using Sensormatic Solutions radio-frequency identification (RFID) tags and industry-leading TrueVUE Cloud to keep track of merchandise on the floor. Expanding that program to manufacturing and distribution centers by tagging merchandise at the source helps gather item-level data on how merchandise moves to streamline operations while also informing in-store labor demand and improving omnichannel fulfillment tactics.
- Customer experiences: The ever-increasing prominence of omnichannel fulfillment options makes insight from beyond the store just as important as data from within its walls. With the continued popularity of BOPIS and BOPAC (Click and Collect) programs as well as the emergence of endless aisles and consumers’ desire for to-the-minute order tracking, keeping tabs on merchandise all along the way is of the utmost importance for retailers.
- Merchandising: Source-to-store insight shows what sells and what gets left on shelves as well as the ins and outs of its journey to the store. These metrics can help retailers tailor their merchandising programs to individual community’s needs to make sure the right products get to the right stores. It helps retailers avoid out-of-stocks, overstocks and waste by showing not only what sells but when it sells and with what else. These additions inform more accurate models of demand for merchandise planning.
- Loss prevention: The RFID tags that help retailers track their merchandise from manufacturer to sale can also help them recover lost items and limit fraudulent returns, acting as proof that products recovered from criminals originated with a given retailer. Additionally, tagging at the source helps ensure that at-risk items are protected from day one and integrates with AI-enabled cameras to harden targets and deter thieves.
Sensormatic Solutions is a long-time provider of cutting-edge retail technology tools that keep retailers at the forefront of the industry’s ongoing transformation. The brand’s flexible solutions are designed for interoperability and easy deployment, so retailers can seamlessly integrate the brand’s innovative offerings—like its diverse range of RFID tag options, cloud-based analytics, IoT-connected systems, AI-enabled computer vision software and machine-learning-powered analytics tools—into their existing ecosystems.
To learn more about the ways source-to-store supply chain visibility helps fast-forward retail operations, read Sensormatic Solutions omnichannel retail info brief. Those attending Retail’s Big Show can set up a meeting or stop by the Sensormatic Solutions booth (#4865).
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About Johnson Controls:
At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet.
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Visit www.johnsoncontrols.com for more information and follow @Johnson Controls on social
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About Sensormatic Solutions:
Sensormatic Solutions is the leading global retail solutions portfolio of Johnson Controls powering operational excellence at scale and enabling smart and connected shopper engagement. Our intelligent digital operating platform – Sensormatic IQ – combines the full Sensormatic Solutions portfolio, including third-party data to deliver unmatched insights into shopper experience, inventory intelligence, loss prevention and operational effectiveness with advanced technologies, like AI and Machine Learning. This enables retailers to act on prescriptive and predictive data-driven outcomes to confidently move into the future. Please visit Sensormatic Solutions or follow us on LinkedIn, X and our YouTube channel.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240115533130/en/
Media:
Jaclyn Messina
Sensormatic Solutions by Johnson Controls
Work: +1 561-235-6458
jaclyn.messina@jci.com
Grace Torrance
Matter on behalf of Sensormatic Solutions
Work: +1-978-518-4504
jciretail@matternow.com
Source: Sensormatic Solutions
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