China and Russia’s Influence in Africa Grows as Western...
Global Hotelier Sam Nazarian & Global Business Icon Tony...
Instacart CEO to Participate in Fireside Chat Hosted by...
Grand Horizons: Introducing a New Around-the-World Four Seasons Private...
Ron Simon & Associates Files the First Salmonella Lawsuit...
Hotels & Resorts
Global Hotelier Sam Nazarian & Global Business Icon Tony...
Grand Horizons: Introducing a New Around-the-World Four Seasons Private...
Hospitality Associates Expands Partnership with Wizehire to Optimize Hiring...
Restaurants
Ron Simon & Associates Files the First Salmonella Lawsuit...
Ron Simon & Associates Files the First Salmonella Lawsuit...
Pizza Market to Grow by USD 66 Billion (2024-2028)...
‘Employees Only’ Experience Puts a Spotlight on the Positive...
Epson’s New TrueOrder Kitchen Display System (KDS) Provides Seamless...
Restaurant Brands International to Report Third Quarter 2024 Results...
Popular Categories
Supermarkets & Retail
Kroger Delivery Expands in Kentucky
Associated Food Stores announces their choice of Pricer as...
Carl Brown, TikTok Sensation and President of SimplyRFiD, to...
Inventory Accuracy Roundtable with Carl Brown
Retailers meet in an discussion on Inventory Accuracy with RFID hosted by Carl Brown, President of SimplyRFiD
DALLAS, February 3, 2023 (Newswire.com) - Carl Brown, founder and President of Simply RFiD, TikTok wonder, and RFID expert, hosts a weekly online roundtable "Transforming Inventory Accuracy." This roundtable brings up to six top retailers together to discuss how accurate inventory enables today's omnichannel supply chains - and, how to get there from here.
Quarterly inventories are obsolete. To compete today, inventories must be done daily or weekly.
Before RFID, the only choice was manual barcode counts that took days and were only 75-85% accurate (Source: Gartner Contemporary Retail Report, November 2021). Still, when RFID became viable around 2008, the value of RFID wasn't there because the concept of how to use a global accurate inventory didn't exist. Omnichannel and e-commerce are driving requirements for retailers. Store inventory must be connected to the web and it must be accurate.
This weekly roundtable explores the best practices for achieving 99% levels of inventory accuracy. "Store managers often think they have 95%+ accuracy - but, how do they know? Once RFID goes in, the truth is closer to 70%," says Carl Brown. "That's normal. It's impossible to measure without RFID - in this roundtable we discuss how to move from the unknown to the known, in an open format of sharing best practices and outcomes."
Retailers in previous roundtables include:
- Nike
- Adidas
- Macys
- Carters
- Ralph Lauren
- Urban Outfitters
- Wal-Mart
- Crocs
- Dollar Tree
The next roundtable is February 7 at noon, Eastern. Roundtables are closed door. Press may apply to attend and audit, along with retailers at https://www.simplyrfid.com/mtb.
Carl can be reached for comment on TikTok, LinkedIn, and Twitter.
Contact Information:William Montalbo
Vice President, Marketing
[email protected]
+1 703.343.1689
Original Source: Carl Brown, TikTok Sensation and President of SimplyRFiD, to Host 'Transforming Inventory Accuracy' Retail Roundtable