Retailers And Inventory: The Importance Of Accuracy

January 2013 Integrated Solutions For Retailers

By Michael Creedon, Jr., VP of sales & operations, Tyco Integrated Security

Capitalize on new technologies and shift the burden of tagging to the source to increase sales.

In an increasingly technological and vast industry, retailers have found a significant need to implement solutions that not only improve their return on investment, but also maximize efficiency to meet overall business goals. Omni-channel shopping has taken over the industry, and consumers are accessing retail inventories from multiple touch points in the purchasing process. Retail leaders invest billions to automate all processes within the corporate, merchandising, supply chain, and store areas, while spending even more on specialized solutions that aim to ensure a cohesive strategy to retain loyal customers. Despite all the investments and processes, inventory accuracy remains an industrywide problem, putting the success of these solutions in danger.