Omnitrol Networks, real-time sensor-driven operational intelligence and item-level traceability solutions provider, recently launched a new generation of its Retail Smart-Store software application. The new system is designed to eliminate in-store stock-outs, optimize store-to-store transfers and reduce markdowns. In addition, the upgrade features customer analytics that enable retailers to proactively shift stock levels based on customer interaction with store products.
“The use of RFID within the retail sector has shown tremendous improvements in inventory accuracy and rapid replenishment, resulting in as much as a 50+% improvement in operating profits,” said Raj Saksena, CEO and President of Omnitrol, in a press release.
“The Omnitrol Retail Smart-Store solution takes RFID to the next level by allowing retailers to know not only what is on their shelves, but also the items with which customers are interacting and which of those they are purchasing. These types of analytics enable retailers to be proactive rather than reactive in the way they merchandise their stores.” The company is offering a live demo of the Omnitrol Retail Smart-Store app throughout the 101st Annual NRF Conference, January 15-18.
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