They cannot track with precision when or where an item has been received, where it currently resides in the store or if and when it reached its final destination. In fact, statistics from the RFID Research Center at the University of Arkansas place the current inventory accuracy rate for apparel stores in the U.S. at roughly 65 percent. By implementing item-level RFID, Livingston believes retailers can achieve up-to-the-minute inventory visibility that is approximately 99 plus percent precise.
“Increasing the degree of accuracy to the 99 plus percent level can be a huge competitive advantage for retailers,” said Livingston. “Truecount’s item-level RFID platform combined with ThingMagic advanced reader technology can streamline and accelerate inventory and management processes.”
“ThingMagic solutions stand out as a leader in RFID. The innovative technology excels in tag reading speed, ease of integration and performance across many diverse operating conditions,” continued Livingston. “Leveraging ThingMagic solutions can enable rapid deployment of RFID and a quicker path to ROI for our retail customers.”
Truecount and ThingMagic solutions focus on delivering the highest return-on-investment for retail customers by utilizing the most advanced RFID technology. Implementing Truecount’s leading-edge software platform, one of the first designed specifically for retailers, in combination with ThingMagic advanced readers can give retailers unprecedented control over inventory and related work-flows. The powerful capabilities provided through the relationship are designed to reduce the costs and complexities of tracking assets throughout the supply chain.
“Truecount’s retail software platform addresses customers’ most critical inventory-related challenges and delivers RFID-driven data that can be acted on with confidence,” said Tom Grant, general manager of Trimble’s ThingMagic Division. “ThingMagic embedded and finished RFID readers provide unique and powerful options for retail solution providers like Truecount to develop offerings that can streamline operations and enhance the shopping experience. RFID is poised to drive significant business process improvements throughout the retail market where item-level visibility is critical, and we’re excited about the new levels of efficiency and opportunity this relationship can deliver.”
With a rapid increase in rollouts of item-level RFID expected within the retail industry this year – ABI Research estimates retailers will use 1 billion RFID tags in 2011 – the companies recognize the need for scalable, flexible RFID solutions for retailers of all sizes, from tier-two firms to the largest global chains.
“The expected overall compound annual growth rate for RFID worldwide is 28 percent for the period 2011 to 2013 with apparel and footwear retailers a significant driver of that growth,” said Livingston. “For retailers, the question is not if they will integrate RFID technology into their processes, but when. The time is now, and Truecount and ThingMagic solutions will bring added value to retailers who are ready to implement.”
About Truecount Corporation
Truecount Corporation develops and deploys leading-edge item-level RFID (Radio Frequency Identification) software built from the ground up to solve the critical problems that affect the bottom line for retailers. Truecount combines the most advanced RFID technologies with expert consulting, installation, integration and support services to achieve unprecedented efficiencies and visibility into inventory with easier management and execution of workflows relating to inventory and replenishment.