The retail and supply chain sector is one where margins matter. In fact, if you are retailer one of the most tedious jobs is always manually counting your stock and maintaining accuracy. Stock accuracy and stock integrity is a core problem in the retail chain.
Paper and calculator based stock counts, human error, and the general inability to monitor the condition of your stock is one of the biggest challenge retailers face. When a stock count is inaccurate, that error is always transmitted back up the supply chain. This often results in either out-of-stock situations, a glut of supply that can’t be sold or stock that can’t be accounted for.
The likelihood of this error can, however, be reduced dramatically with our more advanced information capture and sharing technology, QuikCount solution.
How our QuikCount solution Works
With QuikCount, an RFID tag is labeled on each item on your shelf or stock. An RF Blaster Gun with a bar code reader is then used to scan the stock in seconds. Once scanned, QuikCount then computes the quantity of the stock, this could be in terms of sold, misplaced or lost items. The scans are also done at user defined timings e.g start and end of the day or start and end of discount sales. Since your items have been RFID tagged, you may also QuikCount to provide further visibility for inventory management at your warehouse.
QuikCount uses three connected parts: The QuikCount web application for data input, access, processing and reporting, the QuikCount mobile application at retail and warehousing operations and the QuikCount client application at the warehouse for RFID tagging operations.
The QuikCount web components include user maintenance, setup maintenance, transactions as well as reports. The web dashboard can also be customized to suit the retailer’s needs. From the dashboard, the retailer can also view various retail locations on the map – click on them to reviews locations metrics like pending orders.
Goods can also be frequently transferred between sites on QuikCount e.g, they can be transferred between retail stores or from warehouse to retail stores. This transfer module helps the retailer track items released and received from a site and matches them against the transfer order.
The release orders are created on the QuikCount web platform to transfer items between locations. The RFID gun scanning, on the other hand, is used to ascertain physical items against planned orders.
QuikCount Mobile also has a feature called SKU Find. The module allows ground staffing to quickly confirm that items are in a box, case or at a location. The feature is used for keying in any part of SKU number/description in the mobile application module. Once the RFID gun is pointed at the box, case or location you should be able to hear beeps when the item is found. Additionally, the mobile application also has a Count to Release module that allows the retailer to count the inventory followed by a release order to another site.
The objectives of the QuikCount solution are to enable timely inventory, improve merchandise forecasting through daily visibility of sold products down to individual unique products. The solution also helps prevent fraud and improve internal control through consignment stock monitoring from point of release in the warehouse to retail stores and points of sale.
With the QuikCount solution, clients will be able to count entire pallets or groups of stock affixed with our passive RFID label with just a single sweep of our RFID gun which is linked to the QuikCount mobile app.
Retailers need to be better equipped with the right tools to gather data about stock at more points along the supply chain – and not just numbers.
Learn more about Safetrac Limited’s QuikCount solution to start enjoying its benefits and more. For inquiries, e-mail email@example.com or call us on 0732 222 205/787.