Home / Knowledge / News / Information Technology / Omnitrol's retail shop-floor inventory tracking solution for apparel
Omnitrol's retail shop-floor inventory tracking solution for apparel
17
Nov '09
Omnitrol Networks, a pioneer in delivering automated and predictive real-time operational visibility in logistics, food-chain and apparel manufacturing markets, announced that they will be delivering their valued solution for real-time intelligence in retail shop-floor operations. The real-time, item-level inventory solution utilizes Omnitrol's unique federated services architecture to create an integrated intelligent retail-distribution network. The retail shop-floor inventory visibility solution will be sold through Omnitrol's channel and integration partners.

When questioned as to “why now?”, Omnitrol's response was to outline the current issues with slow RFID adoption in the retail industry. However, with their proven solutions, Omnitrol felt that the retail market is now ready to accept RFID as a legitimate technology to enhance business performance in day-to-day shop-floor operations, including global traceability.

In a retail industry study conducted by the University of Arkansas, 80% of lost sales days are from out-of-stocks, which current processes take seven to nine days to correct, and cost the industry upwards of $93 billion per year.

Omnitrol Network's low cost, simple, pre-integrated, plug-and-forget Retail Inventory Tracking solution is proven to not only reduce stock outs and increase sales, but also reduce the labor costs associated with inventory taking while improving stock, promotion and sales analysis. The solution provides daily inventory in minutes for a retail store with multiple zones or multiple locations. It can even scale to provide end-to-end global tracking from manufacturers. Inventory and velocity reports are available through secure web-portals in real-time between trading partners. The Omnitrol solution allows retailers to configure inventory movement and stock-out rules to automatically send alerts and notifications to management and partners without any manual intervention.

ABI Research's RFID practice director Michael J. Liard explains, “RFID's use in the apparel sector represents the greatest near-term opportunity for business improvements and fewest impediments to growth in the retail industry. A quick, demonstrable ROI and key business metrics for adoption have been clearly established and the results of nearly all evaluations conducted have been compelling. As a result, market activity is brisk and promising, especially among early-adopter specialty apparel retailers.”

“We are very excited to release this solution to our channels and system integration partners which will help accelerate the deployment of real-time intelligent edge solutions with quick ROI. We are now taking our inside-out visibility strategy to the retail industry,” says David Orain, VP of Marketing at Omnitrol Networks. “The Omnitrol solution can be deployed in days without any impact to existing systems or processes. Our solution extends real-time inventory visibility seamlessly to existing operations at the lowest total cost of ownership in the industry," added Orain.

Omnitrol Networks

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search