RFID Inventory Tracking

RFID is essential when it comes to tracking assets accurately and quickly and protecting against theft and loss. While statistics show that the amount of theft within retail stores is constantly increasing, so are the inaccuracies when it comes to tracking the inventory. RFID technology offers more benefits than manual and barcode processes when it comes to tracking inventory of the assets within your retail store, inclusive from the time they are manufactured until the time that they leave the store.

Tracking inventory manually can take many people and can be very time consuming, causing inaccuracies along the way that may not be recognized until it is too late. RFID prevents inaccuracies and doesn’t need to scan each asset individually, because RFID reads multiple tags simultaneously and at long distances. RFID also does not require the tag to be seen in order to track it. Most of the RFID tags placed on products are placed underneath the product where people cannot visibly view them. RFID can still track the product despite the placement of the tag. As a result of these advantages, RFID plays a critical role in tracking assets for the top retailers across the globe, providing speed and efficiency. From the time the assets are manufactured, they are steadily tracked to keep stock lists up to date until the time they are removed when they leave the store.

Global Company Solves Your Loss-Prevention Dilemmas

Technology helps beat the odds in girding against insidious drain on profits

Loss prevention, a perennial concern for a host of businesses, has spawned an entire industry.

From digital hacking to employee conduct, the scope is huge. So are the stakes.

For its part, CONTROLTEK, based in Cranford, N.J., has been helping businesses, especially in thwarting theft and minimizing “shrink.”

A traditional practice in retailing is surveillance, typified by store-detective watchfulness. But there are some places in stores – changing rooms and bathrooms among them – where surveillance, including closed-circuit TV, can’t breach the expectation of privacy.

Electronic devices fill the void and have evolved to include a wide range of systems encompassing a great variety of sensors.

Certain methods can be labor-intensive, requiring constant human interaction, but others adopt the applications of technology which are more cost-effective.

The latter area is the focus of CONTROLTEK’s range of products and services.

Whereas loss prevention is generally considered an issue for the retail sector, other kinds of businesses also can benefit from the practices that are proven to work.

If they have sufficient staffing, larger companies have their own loss-prevention unit or they go to external resources.

Technology, though, as CONTROLTEK discovered, provides levels of inventory security without adding measurably to labor costs, which is a big plus for a firm of any size.

In widespread use nowadays is detection known in the industry as EAS, which means electronic article surveillance. Typically it involves tags that set off an alarm if they aren’t deactivated before passing a store’s exit checkpoint.

A subsequent refinement takes the tagging concept a step further. Dubbed “benefit denial,” it mars a purloined garment, for instance, by causing an ink or dye pack within the tag to erupt.

Devices such as these, along with the systems that integrate them into a business’s operations, are among the reasons to call CONTROLTEK for loss-prevention protection.

Stop Thief!

Inventory Security Solutions helps stores defend against shoplifting

How vulnerable is your business to shoplifting? It can happen frequently, and when losses mount, the effect on profits doesn’t need elaboration.

Habitual shoplifters steal an average of 1.6 times per week, according to the nonprofit National Association for Shoplifting Prevention (NASP). And extrapolated from bigger annual data, theft from retailers amounts to more than $35 million worth of goods per day.

Inventory Security Solutions (ISS) impedes this activity with its technology solutions (RF, AM or RFID), which include tags, overhead readers, pedestals, door systems, and other monitoring methods.

ISS offers not only nationwide installation services but also support.

“Shoplifters commonly steal from $2 to $200 per incident depending upon the type of store and item(s) chosen,” NASP reports.

It also found that shoplifters steal from all kinds of retailers: Department stores, specialty shops, supermarkets, drug stores, discounters, music stores, convenience stores, thrift shops, and more.

One in 11 people will shoplift, NASP calculates, and ISS says this underscores the need for a business to be protected.

Effectiveness of that protection obviously depends on the type and quantity of devices, ISS points out, citing its expanding arsenal of ways to thwart theft.

ISS systems provide more than loss-prevention; they also incorporate real-time tracking and replenishment data, thereby streamlining inventory management.