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SML launches new RFID solution purchasing models
14
Jul '16
Courtesy: SML-rfid
Courtesy: SML-rfid
SML, leading RFID technology and total brand identification solution provider to the world's largest retailers and top fashion brands, has launched three new flexible purchasing models to help retailers accelerate adoption of RFID technology, reduce upfront costs, and realise a faster return on investment (ROI).

As more and more retailers across the US, Europe, and Asia recognise how RFID improves elements of inventory efficiency throughout the supply chain, adoption of the technology is intensifying. SML will encode and deliver over 1 billion RFID tags and will have over 5 billion RFID transactions on its Clarity software platform in retail deployments in 2016.

One of the SML RFID purchasing models is SML Full Solution Capital Purchase Model. It includes Full Clarity RFID solution (software, hardware and services) purchased upfront and capitalised. RFID Tags/Labels would be purchased following traditional sourcing models.

The second model is SML Monthly Solution as a Service (SaaS). This flexible SaaS model provides retailers with the Clarity RFID software and solution support for a monthly fee and pay for RFID hardware and implementation services up front on a capital purchase model. RFID Tags/Labels would be purchased following traditional sourcing models.

The third model is SML Solution Bundled in the Tag (BiT). This innovative purchasing model incorporates all the Clarity solution costs bundled into an extended RFID tag contract price with zero upfront costs, putting all of the solution costs as part of Operations Expenses (OpEx). This option is designed to provide the fastest ROI and generate the fastest returns, eliminating a common barrier to adoption of RFID into retail stores.

Dean Frew, CTO and senior vice president of RFID Solutions of SML Group said, “We are excited to bring SML's full capabilities to customers with our new flexible purchasing models for RFID solutions. Our goal with these innovative purchasing models is to reduce as many barriers to adoption of RFID technology, provide retailers with flexibility and fast ROI realisation.” (GK)

Fibre2fashion News Desk - India

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