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Staples Business Depot is to install additional stores with AbsoluteSKY's intelliTRACKER inventory tracking system. The announcement comes on the heels of strong results from an initial five-store pilot of the system.
During the pilot, the intelliTRACKER system proved more accurate than physical counts, and shrinkage for the tagged inventory was eradicated. The system also allowed for quick balancing of Staples' master inventory system, while becoming a critical tool for locating merchandise.
"Results from the five-store pilot confirm the positive outcomes we witnessed during our proof-of-concept phase," said Joe Soares, director of process engineering at Staples Business Depot. "Supported by broader data collection and intense scrutiny, we again experienced 100% inventory accuracy, reduced shrink, and increased sales and reduced store labour costs - all against an extremely compelling ROI."
Working with Fujitsu, Staples Business Depot deployed AbsoluteSKY's real-time, long range inventory tracking system in five stores in early 2008. The business relationship began with a proof-of-concept test in early 2007.
"Staples has seen how the intelliTRACKER system can significantly benefit their business plan, and has asked us to help them press forward with this strategic initiative," said Peter Sciberras, general manager and vice president of sales, Canada, for Fujitsu Transaction Solutions. "The pilot results are conclusive and encouraging, and we're excited to roll this system out to additional locations."
Fujitsu and AbsoluteSKY formed their strategic relationship in 2006 to help retailers get the right product, to the right place, at the right time. The intelliTRACKER system uses RFID to accurately track inventory to the item level in real-time, while providing an extensive range of customer benefits that includes increased inventory turns; elimination of missed sales as a result of out-of-stocks; reduction of in store operating costs; and extensive control over loss prevention.
Sources: Staples Business Depot; Fujitsu Transaction Solutions Inc.; AbsoluteSKY
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