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

Textiles | On 21st Aug 2017

GST payment & filing for July extended till Aug 25

The GST Implementation Committee, consisting of state and Central...

Textiles | On 21st Aug 2017

India’s cotton production may grow by 3.76% in 2016-17

India’s cotton production is likely to rise by 3.76 per cent to 345...

Textiles | On 21st Aug 2017

Telangana announces sops for textile, apparel sector

The Telangana government recently announced a string of incentives,...

Interviews View All

Abhishek Ganguly
Puma India

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

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

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

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search