US RFID software developer Truecount Corporation and Swiss EAS and EM systems developer Tagit have announced their partnership to launch a new solution for retailers which enables them to track all inventory from source to destination in real time via RFID redundantly backed up by EAS. The Truecount/Tagit-EAS system combines the advantages of both technologies to identify counterfeit items and prevent fraudulent returns.
“The Truecount/Tagit-EAS technology makes it simple for retailers to accurately manage inventory and aggressively fight retail crime at the same time,” says Zander Livingston, CEO, Truecount. “Everything is in one label, so no extra work or hardware is required.”
“Globally, theft cost the retail industry $119 billion in 2011,” says Nolan Wheeler, CEO, Tagit. “Criminal activity, from employee theft to organized crime rings, accounts for 80% of retail loss. By combing Truecount’s near perfect inventory tracking and loss intelligence capture with our powerful electro-magnetic (EM) EAS technology, we bring to retail a new world of article surveillance and inventory management.”
Wheeler points out that with retail loss on the rise in each of the four major areas—shoplifting/ORC, employee theft, internal errors and supply chain mistakes—Truecount and Tagit are wrapping a 360-degree security “lock” around merchandise items to jointly attack and reduce every area of shrink.
Livingston adds that while both RFID and EM are exceptionally effective independently, when combined, each technology becomes more powerful. “The result is a system that is, to date, the toughest and most sophisticated in the world for shrink control. We anticipate substantial, if not unprecedented, reductions in loss for retailers and their supply chains,” he says.
J Lindeberg was started by Johan Lindeberg in 1990s with the aimSeptember 2, 2022 | By RetailME Bureau
Majid Al Futtaim has made significant strides toward environmental, social, and corporateJuly 5, 2022 | By RetailME Bureau
British grocer Waitrose has opened its newest store in Abu Dhabi’s Khalifa
UAE-based Al Maya Supermarkets has kicked off its ‘Netherlands Food Week’ that
British grocery retail chain Tesco has announced a price lock on over
Dubai-based grocery retailer Union Coop has successfully obtained the ISO 22301, an
Spanish omnichannel supermarket chain Mercadona has announced salary increase amid inflation that
Grocery retail chain Choithrams will open eight convenience stores across Rove Hotels’
Part of regional retail conglomerate GMG, Géant plans to open more than
Online share in FMCG sales has been growing all over the world,
Majid Al Futtaim Retail, operator of the Carrefour franchise in the Middle
UAE-based diversified conglomerate GMG and Silal have signed a memorandum of understanding
Abu Dhabi based grocery retail chain Lulu Group has partnered with Amazon
UAE-government-led initiative Food Tech Valley – announced in 2021 by His Highness
A high-level delegation from Saudi Arabia participated in a multilateral meeting with
Zebra Technologies Corporation has introduced The Modern Store by Zebra, its visionary
The food service industry has witnessed a few turbulent years since the
As the name suggests that Customer Data Platform (CDP) is a synthesis
Having products that a customer wants is crucial. It’s the core of
Using technology in warehouses is the prime way to define inventory optimisation.
A boiling hot summer across Europe provided the needed incentive to get
Newland EMEA and 42Gears have announced a strategic partnership aimed at simplifying
According to a global survey published in July 2022, 37% of “deskless”
Enhanced customer experiences that entice, amaze and urge shoppers to engage –
Business and technology hub Dubai Internet City will house Intel’s newest artificial
Prepay Nation, a fintech platform and prepaid marketplace for mobile airtime, data