IT - Virtual Roundtable

Dominating Inventory Accuracy

16th May 2022 | 12:00pm - 1:30pm EST
How can the latest innovations in omnichannel retail inventory technology reduce labor, increase accuracy, and enable present-day customer functions?

A Meet the Boss roundtable brought to you by Simply RFiD

In an era where the bulk of retail is shipped directly from the store, top retailers have had no choice but to have completed systems to manage inventory accurately and at a weekly level. However, retailers focusing on omnichannel delivery need a method for more accurate inventory – more often. According to a recent Gartner report, manual labor counts are about 18% inaccurate, not no mention incredibly time-consuming. After all, they can only occur quarterly.

Another Gartner report showed 25% of top retailers have implemented radio-frequency ID tracking (RFiD) to tackle the inventory accuracy issue. In fact, McKinnsey State of Fashion just reported that the commonality of every top retailer is their use of RFID for inventory. Why? Because omnichannel and curbside delivery (order online, pickup anywhere) can only be enabled if stock levels are accurate and current. So, how can your organization dominate inventory accuracy with RFiD technology?

Join Simply RFiD and a select panel of industry executives as we discuss the challenges with balancing inventory and omnichannel purchasing, as well as how RFiD can reduce labor, increase accuracy, and enable customer functions.

Discussion Topics

How are you managing omnichannel/last mile purchasing (BOPIS, curbside, etc.)?
What are you doing to manage the labor aspect of a weekly inventory while reducing labor expense?
How accurate is your inventory?

Your Host

Thought Leader
Carl Brown President Simply RFiD, SimplyRFiD
Carl started hustling handmade snowflakes at seven years old. He charged enough to buy a KitKat… Find out more
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Fernando Machado
CMO,
Activision Blizzard
Jennifer Christie
CHRO,
Twitter
Naveed Tariq
Vice President, Corporate Strategy & Group Innovation Operations,
E.ON
John Pillar
CTO,
NatWest
Line De Decker
Chief Transformation Officer,
GSK

About SimplyRFiD

In the early days of SimplyRFiD, we got a call from the FBI. They showed up in Carl’s basement in a Virginia suburb. They wanted to know if they could detect tags inside a briefcase. At that time, RF also… Find out more
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