SOLE Blog
August 12th, 2009
SOLE Launches Radio Frequency Identification System
"High tech inventory mangament system helps maximize sales
08.12.2009 - This fall SOLE, the manufacturer of premium footbeds, socks and sandals, launches an innovative new technology to help its retail partners efficiently maintain product inventory and maximize sales. SOLE's new Radio Frequency Identification (RFID) system will track inventory in real-time with an integrated point-of-purchase display, product tags and a retailer website.
Most retailers only track sales on a monthly basis and they risk losing three weeks of sales if a product sells through in the first week of the month. Even if inventory levels are analyzed on a weekly or daily basis, retailers can still lose sales due to processing delays or shipping and transit times. Footwear is especially difficult to track and keep in stock because there are as many as ten sizes in any given style."
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Comments (2)
On August 19th, 2009, Peter Kennedy said:
Could we know the manufacturer/provider of the RFID system? Thank you.
On August 19th, 2009, Matt said:
We're developing the system in-house :)