Join me as I present an update on the state of the retail industry, shining a light on some of the achievements being made in the area of on shelf availability, as well as the areas where there is still much work to be done.Continue reading
Check out my recent conversation with Barbra Chase, Vice President, Global Sales Store Intelligence at ReTech Labs/SymphonyAI, where we talk about Digital Shelves.Continue reading
Check out my conversation with Steve Statler, CMO & ESG Lead, Wiliot, where we talk about Ambient IoT and its impact on on-shelf availability and supply chain visibility.Continue reading
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On Shelf Availability Group & Series
This conversation is part of the On Shelf Availability group and series that I host each month in partnership with Conversations On Retail and with the Department of Supply Chain Management at the University of Arkansas. Join now for FREE!
For decades, retailers and their suppliers have left billions of dollars on the table as they’ve struggled to make meaningful progress to keep stores in-stock for increasingly demanding shoppers. This is especially important for retailers today as they want to leverage the merchandise in their stores for Buy Online and Pick up in Store (BOPIS) strategies.
We are seeing great progress in the areas most significantly impacting On Shelf Availability (OSA), with meaningful progress being driven by a handful of people, teams, and technologies that are working hard not only to develop solutions to the problem, but to democratize them so every stakeholder can participate.
The biggest challenge continues to be inventory accuracy at the store level. The impact of on-hand accuracy is clear, causing major out of stocks and too much inventory in the wrong location.
RFID provides a platform to move on hand accuracy from 50-60% to 95%+. It is moving from an apparel only play into the general merchandise categories like electronics, Automotive, Sporting Goods, toys and Lawn and Garden.
Food retailers are now looking at RFID for not only on hand accuracy but also date coding products for markdown and food spoilage purposes.
Many podcasts on Conversations on Retail highlight the use of RFID in retail to drive on hand accuracy.
See our links on RFID to our COV site.
About Mike Graen
With 40 years of experience working for Procter & Gamble, Walmart, and CROSSMARK, Mike Graen has seen the retail industry from every conceivable angle. From helping develop what would become Retail Link to investigating and leveraging the potential of shelf-scanning robots and RFID tech in stores, Graen has made a career out of using technology to solve business problems.
Check out my conversation with Elena Ver Planck, Director of North American Operations for Nedap Retail where we talk about the implementation of RFID solutions for retailers.Continue reading
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Check out my conversation with JW Franz and Daniel Blank from Barcoding, Inc.Continue reading
In this episode, eight experts gather to discuss on shelf availability, with a focus on RFID technology.Continue reading