Organized retail crime has long been an issue plaguing both retailers and secondary marketplaces. According to Congressional testimony and industry experts, ORC losses total an estimated $15-30 billion annually and 9 out of 10 retailers were victimized by organized retail crime within the past year. Sophisticated groups and sometimes individuals, steal thousands of dollars of popular goods at a time with the intent to resell them for profit. ORC incidents can result in safety concerns, higher prices at the register for consumers, lack of product availability and reduced sales tax revenue for cities, counties and states.
Pinpoint inventory accuracy is the best way to protect your brand from counterfeiting. Inventory tracking via standardized radio frequency identification (RFID) technology allows you to bring the right product to the right place at the right time. Failing to do so places your brand at risk for lost revenue and damaged credibility. In this session, you'll learn how to extend the use of inventory tracking standards to walk away from this business challenge unscathed.
New technologies are being developed and coming to the market at lightning speed. From blue sky, serious research, piloting and full deployment, retailers agree: It's not a matter of 'if', it's a matter of 'when.' This session will highlight Near Field Communication (NFC), Mobile POS, touchless payments, e-receipts, chip and pin (EMV), Radio Frequency Identification (RFID) and more. Attendees will see how these new technologies may facilitate and drive sales, while identifying potential vulnerabilities with shrinkage, fraud, returns management and data security. Sit back, grab an iPad, Google Tablet or pencil and watch as we fast forward retail technology from here to there.
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