AI Kick-Start (AIK) is a technology service from SimplyRFiD that helps businesses transform their inventory processes from slow, 70% accurate barcodes to instant 99% accurate RFID. The new service guides retailers through the complexities of implementing new business processes and technology. Beyond transformation, AIK expects to deliver a 4%-11% bottom-line revenue increase.
DALLAS, TX / ACCESSWIRE / March 16, 2023 / Moving a business from 70% to 99% accurate inventory is magic. To have magic, you need a magician and that's why SimplyRFiD created AI (accurate inventory) Kick-Start. AI Kick-Start is a yearly technology service to transform companies from barcodes to RFID and develop the internal processes to run an accurate inventory system.
Implementing SimplyRFiD's RFID processes for inventory control returns 30x-100x the investment.
"We've been making RFID system technology for 20 years. Our goal has been to bring a great value at a packaged, affordable price," said Carl Brown, President of Simply RFiD. "Years of development led to Wave, an entire 'inventory system in your hand' for < $3,000. I thought it was the answer. However, it's only one part of what a company must go through to change."
AI Kick-Start is a four step technology program that systematically evolves retailers into coping with this level of accuracy.
SimplyRFiD Accurate Inventory Kick-Start (AIK) -- expert led, systemic transformation
AIK is led by a senior member of SimplyRFiD in inventory process transformation. Each step has a technology component and a human-leader component to keep the transformation moving.
- RFID Tagging - AIK's online portal manages UPC lists and enables retail suppliers to produce products pre-tagged with RFID. SimplyRFiD's AIK leader guides suppliers through tagging at best-cost / minimal cost. Retailers gain benefit and suppliers don't struggle with how-to or can-not. Weekly management reporting shows compliance, accuracy, and progress.
- Inventory Control - Weekly training with the retail team for best practices in receiving, shipping, and inventories. Online certification allows team members to be AI RFID-certified making sure retailers are benefiting from accuracy.
- Data Exchange - Training, reconciliation certification, and data exchange guidance.
- Inventory Strategy - Beyond operating RFID, best practices training for retail leaders to optimize accurate inventory in omni-channel.
Accuracy for accuracy's sake?
RFID enables weekly inventory processes and an accurate inventory reconciliation. Case studies of SimplyRFiD Wave RFID installations and business processes show 4%-11% additional bottom-line revenue per store implementing the SimplyRFiD AI Kick-Start process.
Additional revenues are created from top line growth with omni-channel sales increases and bottom line increases from reduced diversion and internal business process optimization. From an ROI (Return on Investment) perspective this translates into $80,000 to $220,000 on a $2,000 per year RFID technology investment, per store.
Availability
SimplyRFiD's Accurate Inventory Kick-Start is currently available to retailers with 10+ physical locations in the USA, or 100+ locations worldwide. Please contact Sales@SimplyRFiD.com for more information.
About SimplyRFID
SimplyRFID makes Wave for iOS, the #1 app for counting retail inventory with RFID.
https://www.SimplyRFiD.com | Media Room
Contact Information
William Montalbo
Vice President, Marketing
william.montalbo@simplyrfid.com
+1 703.343.1689
Syd Brown
Social Media Manager
syd.brown@simplyrfid.com
+1 703.343.1689
SOURCE: SimplyRFiD
https://www.accesswire.com/744175/SimplyRFiD-Launches-AI-Kick-Start-to-Transform-Retail-Inventory-Accuracy-From-70-to-99-With-RFID
