Home / Knowledge / News / Information Technology / SML launches new RFID solution purchasing models
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


Must ReadView All

Courtesy: Pexels

Apparel/Garments | On 23rd Jul 2018

Turkey aims to export apparel worth $25 bn in 5 years

Turkey aims to increase its apparel exports by 50 per cent in 2018...

Kathmandu urges Dhaka to lift ban on yarn import

Textiles | On 23rd Jul 2018

Kathmandu urges Dhaka to lift ban on yarn import

Landlocked Nepal has urged Bangladesh to withdraw its restriction on...

BPPL opens Sri Lanka's first ever polyester yarn factory

Textiles | On 23rd Jul 2018

BPPL opens Sri Lanka's first ever polyester yarn factory

Eco Spindles, a wholly-owned subsidiary of BPPL Holdings Ltd (BPPL),...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Giorgio Mantovani
Corman S.p.A

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search