Real-time tracking of retail inventory extends a retail IoT strategy to include every item in every store
Retailers and suppliers invest heavily in omnichannel fulfillment operations. But without accurate information about inventory levels, they need high safety stock limits to fulfill orders and keep stores stocked. This increases capital expenses and creates a discount cycle that erodes the value of full-price products. Plus, without accurate inventory data there is a risk of canceled orders and disappointed customers. Fulfillment costs escalate and customers lose faith.
The Impinj IoT Connector delivers accurate real-time inventory data to SAP Hybris Commerce to enable efficient omnichannel operations. With this data, SAP Hybris can offer more merchandise to your online shoppers and enable reliable click-and-collect fulfillment from stores. And, with accurate inventory data, Hybris Commerce Suite makes smarter order routing decisions.
The result? Increase online sales, eliminate canceled orders, reduce markdowns, and achieve smarter inventory allocation.
“With Impinj you know right away where every item is at any point in time. It means less time accounting for inventory in store. You get better location, better accuracy on where items are, and a very complete picture of real time inventory for any product,” said Chris Saam, SAP Hybris.
With the Impinj IoT Connector for SAP Hybris Commerce retailers can:
- Enable effective online and in-store fulfillment, and reduce inventory, through improved order-routing decisions
- Sell inventory down to the last item and last size, resulting in fewer markdowns
- Reduce the risk of overpromising items by using accurate available-to-promise data
- Deliver an integrated omnichannel experience that can facilitate sales uplift and improve shopper experiences
- Reduce working capital by removing the need to keep safety stock buffers
“SAP is a leader in commerce and omnichannel software, and we’re excited about how the pairing of our platform and SAP Hybris software will create a transformative solution for the retail market,” said Larry Arnstein, Impinj Vice President of Business Development.
Download the Impinj IoT Connector for SAP Hybris at the Hybris Marketplace.
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Impinj is the leading provider of RAIN RFID solutions.More Content by Impinj Inc