Omnitrol's retail shop-floor inventory tracking solution for apparel
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.