Omnitrol Networks announced today it has been selected by BT, one of the world’s leading providers of communications solutions and services, for the deployment of RFID-based retail inventory solutions. The solutions that BT will be able to deploy worldwide will track actual inventory movements and item-level velocity by stock keeping unit (SKU). It will deliver proactive real-time replenishment alerts and visibility for retail store managers. This will enable near-perfect tracking accuracy and forecasted inventory levels, which will help retailers to significantly increase employee productivity.
Keith Sherry, General Manager, Supply Chain Solutions, BT Global Services, said: "Omnitrol's versatile and distributed architecture in real-time asset management, combined with BT's experience in providing fully-managed, end-to-end solutions, allows BT to offer retailers a plug-and-play managed solution that is incrementally deployable and scalable".
"We developed this solution in collaboration with Omnitrol to substantially reduce deployment complexity for our retail customers at the lowest possible cost of ownership, so that they can quickly achieve their return on investment on a store-by-store basis. Retailers can now dramatically simplify many of the manually intensive processes such as receiving, stocking and inventory counting. Our predictive analytics with highly accurate stock-taking allows stores to proactively replenish the sales floor virtually eliminating out-of-stocks. Employees can spend more time servicing customers, rather than looking for inventory which we can now ensure is always at the right place, at the right time, improving customer satisfaction, reducing markdowns, and increasing sales by up to 10%".
Able to be installed and in production within a day when pre-configured, the OMNITROL distributed retail solution provides advanced capabilities such as misplaced articles detection, automated and predictive item-level replenishment alerts, and store-wide inventory reconciliation through real-time reports, alerts and mobile handhelds that help improve operational efficiency in the stores.
"Improving efficiency, brand protection and reducing out-of-stocks clearly represents some of the biggest challenges faced by retailers, distributors and manufacturers". said Raj Saksena, CEO of Omnitrol Networks. "Our work with BT addresses this problem by delivering a fully managed, distributed asset track and trace solution. The OMNITROL platform continues to prove itself as the industry leader in delivering real-time inventory management and traceability solutions by sharing information accurately and quickly from shop-floor operations which creates a smarter and more collaborative supply-chain."
About Omnitrol Networks
Omnitrol Networks (omnitrol.com) is a leading provider of distributed software solutions that automate business insight into physical operations. Partners and customers have successfully deployed process-centric intelligence solutions based on the OMNITROL platform to achieve substantial improvements in operational efficiencies, employee productivity, and sales growth. Examples of real-time solutions include manufacturing visibility, supplier production collaboration, global asset tracking and product traceability. OMNITROL-based solutions automate real-time visibility in operations by capturing and analyzing events from digital and analog sensors, RFID and wireless location-based sensors, and existing production control systems. Omnitrol Networks is a privately held company with its corporate headquarters in Santa Clara, California, USA.
BT (bt.com) is one of the world’s leading providers of communications solutions and services operating in more than 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to our customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, Openreach, BT Retail and BT Wholesale. In the year ended 31 March 2010, BT Group’s revenue was £20,911 million. British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.