Detego, a provider of real-time business intelligence for the fashion industry, is launching a new mobile solution for retailers that will give faster and cheaper access to the benefits of digital connectivity. Taking advantage of embedded RFID tags on every product, retailers can use the solution to painlessly carry out inventory checks on smartphones at near 100 percent inventory accuracy, minimizing gaps on shelves and lost sales from missing sizes.
Detego’s InStore Lean Edition provides retailers with faster and cheaper access to RFID data.
“Most retailers are aware of the advantages of RFID and want to constantly monitor the movement of goods, but many are put off by the perceived high costs of system integration,” says Uwe Hennig, chief executive at Detego. “With the cost of tags having fallen dramatically over the last few years, the time is right to launch a new, leaner version of our software so that retailers can quickly see for themselves the gains being made in smart tracking devices and the endless opportunities of joining the Internet of Things.”
Detego’s InStore Lean Edition provides a “quick-start” solution for retailers that want to start small and possibly scale over the entire store network. Available via the cloud, it is being targeted at retail chains, pop-ups, franchisees and brand store owners that don’t necessarily want to invest in large-scale IT projects.
The new software allows retailers to constantly monitor inventory in real-time and automate the replenishment process, not to mention improve both the availability of products and customer service. A clear path of scaling makes it possible to roll-out the software and later add other Detego products or functions, including additional applications for all in-store processes and omni-channel services such as “click and collect,” as well as managing inventory throughout the supply chain and comprehensive analytical features.
“The fashion retail industry in particular requires a fast introduction to the digital age, but at the same time a future-proof solution that is scalable,” adds Hennig.