Nedap launches RFID Loss Prevention Academy
Source: Nedap Identification Systems
launches the RFID Loss Prevention Academy. This is an online learning environment, which consists of free online courses, study guides, and tests. This will help retail executives to develop critical skills, test knowledge, and demonstrate expertise in the area of RFID-based loss prevention.
Rob Schuurman, Managing Director of Nedap Retail comments: “Reduction in inventory due to shoplifting, employee theft, or other errors, significantly impacts a retailer’s bottom line – to the tune of nearly $100 billion annually in direct losses worldwide. Regardless of where retail operations are located, shrink is a universal foe.
Nowadays, RFID is the technology that enables retailers to prevent losses. With this e-learning, we as Nedap are sharing our expertise in the field of RFID-technology. This will help retailers to gain more understanding in the area of RFID-based EAS, enabling them to reduce the impact of losses affecting the retail industry.”
RFID-based EAS technology creates a real-time understanding of what, when and how specific items go missing by integrating item-level inventory and loss prevention data. This new insight leverages EAS and RFID inventory-visibility technologies to provide a complete picture of loss events to help take loss prevention efforts to the next level.
- Track and manage retail shrinkage from all source to store, in real time
- Facilitate secured & seamless checkouts
- Creating Unique Shopper Experiences with open entrances
- Differentiate between actual store shrink and other forms of inventory distortion
- Pinpoint shrink sources, in the store and all along the retail supply chain
- Ability to respond directly to alarms using an Alarm Notification App
- Analysis of system data, which predicts potential shrinkage
Closing the gap between loss prevention and inventory management
More and more retailers and brands are choosing RFID to gain insight into their inventory at item level. This ensures optimal product availability. The foundation of most RFID implementations is that all items are provided with an RFID label at the source of production. The same RFID label is used for inventory management and item security. This means that no additional loss prevention is needed, as stock is already 100% security tagged from the source. This eliminates additional in-store tagging costs and at the same time, it enables retailers to unlock omnichannel services such as secured mobile checkout.
RFID for loss prevention is also available as a stand-alone option. This provides retailers with a future-proof loss prevention system if they prefer to implement RFID for inventory management at a later stage.