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Intel's tracking technology helps Levi's save money
07 Nov '15
2 min read
Chipmaker Intel is now looking beyond computers. And even denim is on their radar.
Intel and Levi's are partnering in a new experiment where they are using the Internet of Things (IoT) Platform to track all the stock movements in the store with a bid to save huge amounts of money, according to media reports.
At Intel's IoT Insights event this week, CEO Brian Krzanich said Intel has partnered with Levi's to build a proof of concept technology at a Levi's retail store in San Francisco.
Levi's put an RFID tag (a wireless device that can transfer data in real-time) on all of its items in the store, and connected it to Intel's IoT platform, which basically aggregates and sends the data to the cloud.
Once the data is sent to the cloud, Intel's analytics platform can track every movement in the store, from excessive inventory to sold out items that need restocking. Krzanich said every item is tracked for volume and location in real-time, making sure things are in place when the customer needs it and removed when it sees less demand.
"They now have the ability to power an application that lets them look at the whole store, holistically, every minute, and gives the employees the ability to scan of the entire store," Krazanich said.
Krzanich didn't disclose the actual sales benefit Levi's saw by implementing this new technology, but said that "with every 3 per cent of inventory accuracy gained, you get about 1 per cent increase in sales uplift...all of that goes directly to the bottom line."
Internet of things has been one of the hottest buzzwords in tech lately. It's the term used to describe how devices get connected to the web, collecting and analyzing a bunch of data for the user.
This isn't the first time Levi's has worked with a tech firm. In May, Google showed off a pair of "smart jeans" created in partnership with Levi's that connects with the smartphone and lets the user control volume or play music by tapping on part of the fabric. (SH)
Intel and Levi's are partnering in a new experiment where they are using the Internet of Things (IoT) Platform to track all the stock movements in the store with a bid to save huge amounts of money, according to media reports.
At Intel's IoT Insights event this week, CEO Brian Krzanich said Intel has partnered with Levi's to build a proof of concept technology at a Levi's retail store in San Francisco.
Levi's put an RFID tag (a wireless device that can transfer data in real-time) on all of its items in the store, and connected it to Intel's IoT platform, which basically aggregates and sends the data to the cloud.
Once the data is sent to the cloud, Intel's analytics platform can track every movement in the store, from excessive inventory to sold out items that need restocking. Krzanich said every item is tracked for volume and location in real-time, making sure things are in place when the customer needs it and removed when it sees less demand.
"They now have the ability to power an application that lets them look at the whole store, holistically, every minute, and gives the employees the ability to scan of the entire store," Krazanich said.
Krzanich didn't disclose the actual sales benefit Levi's saw by implementing this new technology, but said that "with every 3 per cent of inventory accuracy gained, you get about 1 per cent increase in sales uplift...all of that goes directly to the bottom line."
Internet of things has been one of the hottest buzzwords in tech lately. It's the term used to describe how devices get connected to the web, collecting and analyzing a bunch of data for the user.
This isn't the first time Levi's has worked with a tech firm. In May, Google showed off a pair of "smart jeans" created in partnership with Levi's that connects with the smartphone and lets the user control volume or play music by tapping on part of the fabric. (SH)
Fibre2Fashion News Desk – India
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