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Serialization Processing System
Are Your Products Making It To The Store Shelf?
Suppliers make vast investments in activities such as promotion, seasonal, and new product introductions. Often, these investments do not realize their full potential, resulting in unmet sales goals due to lack of compliance at the retail store level. Sales volumes are the highest at the beginning of the launch period. Therefore, it is critical to ensure that products are moved to the store sales floor on schedule. These lost sales are rarely recovered. This non compliance is caused by a lack of visibility. Without visibility it is virtually impossible to monitor and manage these products through the supply chain and ensure these products are moved to the sales floor on-time. Even costly manual methods employed by suppliers to move product to the sales floor on-time fail to deliver the expected results. Only 40% to 60% of these products ever make it to the sales floor.
Active Supplier Portal
Keeping everyday products on store shelves can be equally challenging. Products that are out of stock on the sales floor may have backup inventory in the stock room. Without visibility, these products may not be moved to the sales floor for days or even weeks. Lost sales occur daily even though the product exists in the store. Visibility provides the necessary information for suppliers to take action and can lead to on-time product movement to the sales floor and ultimately to the customer.
rfXcel’s Active Supplier Portal™ is designed to provide users with visibility into the supply chain and at the store level. By leveraging existing data with the new data from RFID investments, suppliers can immediately benefit by gaining actionable information that can be directly used to improve sales performance. By leveraging the underlying Active Intervention Architecture™, suppliers have the power of information on demand, while retail trading partners benefit from shared notifications, exceptions, and reports.
rfXcel’s Active Supplier Portal™ allows suppliers to act on problems before they occur. With the ability to provide real-time alerts, suppliers can correct supply chain issues in real-time, reducing costly out of stocks, rushed shipments, and lost sales. rfXcel provides a suite of real-time supply chain optimization solutions that aim to increase collaboration and activities between suppliers and retailers. rfXcel’s Active Supplier Portal™ is designed to empower suppliers receiving a vast amount of data from their retail trading partners.
Promotional Compliance
Suppliers make large investments on in-store promotions with the expectation that sales will increase as a result. Unfortunately, these sales goals are often never achieved. The retail stores do not move the promotional displays from the stock room to the sales floor 40% to 60% of the time. Lack of visibility in the supply chain makes the monitoring and management of promotional products next to impossible. rfXcel’s Active Supplier Portal™ not only monitors promotional products throughout the supply chain, but also provides real-time notifications to help ensure correction of any issues and movement of promotional displays and products to the sales floor on-time. This increased promotional effectiveness can provide both retailers and suppliers with significant sales uplift ranging from 20% to 30%.
Seasonal Item Management
Seasonal products have many of the same characteristics of promotional products as they move through the supply chain. Seasonal products, however, are often a one-time sales opportunity. Many seasonal items become obsolete, expire, or grow out of fashion, and cannot be sold again the following year. Getting seasonal products to the sales floor ontime is critical to the overall sales success. Without visibility it is next to impossible to monitor and manage seasonal products to ensure they move to the store sales floor ontime. rfXcel’s Active Supplier Portal™ not only monitors seasonal products throughout the supply chain, but also provides real-time notifications to help ensure correction of any issues and movement of seasonal products to the sales floor ontime. This increased seasonal item effectiveness can provide both retailers and suppliers with significant sales uplift ranging from 20% to 30%.
New Product Introduction
New products achieve a high percentage of sales in the first week of release. Missing even a day of sales becomes a costly issue. Suppliers spend enormous amounts of money in promoting new products only to find that their retail partners struggle to move these new products to the sales floor ontime. Lack of visibility in the supply chain makes the monitoring and management of new products next to impossible. rfXcel’s Active Supplier Portal™ not only monitors new products throughout the supply chain, but also provides real-time notifications to help ensure that issues can be corrected and new product makes it to the shelves ontime.
Inventory Optimization
Managing everyday products through the supply chain is a very difficult task. Moving everyday items from the stock room to the sales floor is even more of a challenge. Lack of visibility at the store level causes numerous issues in determining where product is located and how much of the product exists in both the stock room and on the sales floor. Ensuring that product is on the shelf and available for sale is the ultimate goal. rfXcel’s Active Supplier Portal™ not only monitors everyday inventory at the store level, but also provides real-time notifications to help ensure correction of issues and ontime replenishment of everyday products on the sales floor shelves.
Key Benefits
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Improved Sales Up To 30%
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Improved Compliance From 40% To 70%
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Increased Visibility At The Store Level
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ROI On RFID Investment
Features
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Real-Time Capabilities
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Information On Demand
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Workflow, Exception, & Notification Capabilities
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Compliance Reports
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Inventory Reports
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Store By Store Analysis
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Collaboration With Trading Partners
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Single Platform For All Partners
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Standard Based Technology
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Utilizes Existing & RFID Data
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Subscription Service Or License Model
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