Partnership Shortens Time-to-Value and Reduces Risks
NEW YORK – Jan. 13, 2014 – Checkpoint Systems, Inc., (NYSE:CKP), a leading global supplier of merchandise availability solutions for the retail industry, and RGIS, LLC, the market leader in supply chain, inventory, insights, merchandising and optimization solutions, today announced here at the NRF 103rd Annual Convention & Expo that they have entered into a global partnership to bring the full RFID-based inventory management solution to retailers.
The end-to-end solution incorporates the best-of-breed Merchandise Visibility Solution from Checkpoint, together with RGIS’s global team of inventory specialists.
Checkpoint’s Merchandise Visibility Solution includes: • Industry-leading OATSystems software • RFID hardware • RFID tags • RFID-trained field engineers to deploy and support the implementation • RFID-based EAS leveraging the OneTag™ approach and Wirama Radar™ • RFID-based point-of-sale solutions • RFID compliance tools
RGIS’s team provides tag-up for pilots and roll-outs, as well as cycle counting and audits for retailers that opt for third-party support for these activities. Industry studies have consistently shown that frequent inventories are key to the successful use of RFID by retailers to maintain inventory accuracy and reduce out-of-stock items.
“The benefits of RFID for inventory management are well-documented, with accuracy increasing from around 65% to 98% or even higher," commented Dr. Bill Hardgrave, Dean and Wells Fargo Professor, Auburn University Harbert College of Business, and founder of the University of Arkansas RFID Research Center. "But as with many innovations, as they become more routine, compliance to the standard operating procedure can wane, so it becomes important for retailers implementing RFID to take steps to ensure continued compliance to provide consistently high accuracy and payback from the investment.”
“As retailers rapidly scale-up their RFID implementations, they are looking for opportunities to shorten the time-to-value and reduce the risks inherent in an enterprise solution rollout,” said Per Levin, President and Chief Sales Officer Shrink Management and Merchandise Visibility Solutions. “The combined world-class capabilities of RGIS and Checkpoint will help our customers ensure successful RFID deployment.”
“Inventory and data collection are critical to retailers’ effective operations,” noted Bill Carpou, RGIS’s Executive Vice President, Sales and Marketing. “Checkpoint and RGIS deliver the full end-to-end solution that retailers are increasingly looking for to best serve their customers and deliver a positive in store experience while enhancing profitability."
Checkpoint and RGIS have also designed several packages to help facilitate financial flexibility for retailers implementing RFID from pilot through full deployment. Both companies are exhibiting at, and sponsors of, the NRF Annual Convention & Expo currently underway here at the Jacob K. Javits Convention Center. Checkpoint is located in booth #2244, and RGIS is in booth #2474.
About Checkpoint Systems, Inc. (www.checkpointsystems.com) Checkpoint Systems is a global leader in merchandise availability solutions for the retail industry, encompassing loss prevention and merchandise visibility. Checkpoint provides end-to-end solutions enabling retailers to achieve accurate real-time inventory, accelerate the replenishment cycle, prevent out-of-stocks and reduce theft, thus improving merchandise availability and the shopper’s experience. Checkpoint's solutions are built upon 45 years of radio frequency technology expertise, innovative high-theft and loss-prevention solutions, market-leading RFID hardware, software, and comprehensive labeling capabilities to brand, secure and track merchandise from source to shelf. Checkpoint's customers benefit from increased sales and profits by implementing merchandise availability solutions to ensure the right merchandise is available at the right place and time when consumers are ready to buy. Listed on the NYSE (NYSE: CKP), Checkpoint operates in every major geographic market and employs 4,700 people worldwide.
About RGIS, LLC, (www.rgis.com) Turn your next inventory event into an opportunity to get smarter with your space. RGIS takes you beyond the count with integrated inventory services that include store surveys, space management, store remodels and resets, RFID solutions and asset optimization. With proven successes in all aspects of retail, healthcare and manufacturing inventory, it’s no surprise that more organizations, in more places, trust RGIS to provide the information and insight they need to fully understand their assets and make better business decisions.