Retail
The future of retail and changes being driven into the retail market by technology have been topics of discussion amongst business leaders and technology visionaries for years. In the retail, the main concern generally is to improve sales, consumer experience, theft control, stock counting and stock tracking. The one tag answer to address all the issues is Tagit Ice. It is a revolutionary solution to streamline bottlenecks in day to day operations in jewellery industry. The old traditional way of stock counting which used to take longer sometimes even days has been reduced to minutes. RFID ready stock enables:
- Faster physical count
- Bulk stock transfers
- Availability of live stock data
- Continuous monitoring and security
- Stock control
- Inventory visibility enterprise wide
- Comprehensive audit trial and reports
- Seamless process efficiency
- Automated 24/7 track and trace
- Reduce cost and expand ROI
- Automating data collection
- Shorten inventory cycle from 80% to 90%
Moreover, by implementing the Tagit Ice solution, management gets instant B.I reports on vital KPI’s such as Stock turn over days, Sales per square foot, ending inventory at retail, Visit to buy ratio, Product life cycle.
