Since our solution can tailor to any of the three: inventory, assets, and supply chain, we will dive more into the difference of asset management. Retail asset management refers to the management of physical assets that a retail business uses to support its operations. This can include buildings, fixtures, equipment, and inventory. For this, your team would be managing things such as lifecycle asset management, maintenance, work orders, etc. All of these are available within the Apptricity software system. Therefore, yes, you can use this for retail asset management as well.

Some of the most common issues of managing retail inventory include overstocking or understocking, inaccurate inventory counts, slow-moving inventory, theft or loss, and stockouts. Other issues are streamlining procurement or managing inventory across channels.

Apptricity’s retail inventory management software can help combat these issues by providing real-time inventory tracking and monitoring, automated purchase orders when inventory falls below thresholds, analytics that help with forecasting, and overall inventory optimization. It can also optimize pick-pack-ship routes, warehouse inventory management, onboard inventory tracking, and more. It can identify slow-moving inventory, reduce stockouts, and prevent theft or loss through security features such as automated RFID scanning.

Yes, Apptricity specializes in RFID tracking technology for asset and inventory management. Our patented I-Connect edge devices make the process automated and can cut cycle count times by up to 90%! RFID retail inventory management offers several benefits, including improved inventory accuracy, increased efficiency in inventory tracking and replenishment, and better visibility into inventory levels and movements. It can also help reduce labor costs associated with manual inventory tracking and prevent theft or loss through real-time tracking and monitoring. Apptricity has helped customers save billions of dollars in inventory procurement costs and shrinkage prevention!

Apptricity is considered the best retail inventory management solution because of its accuracy, reliability, and ease of use. Trusted by the US Army, US Air Force, Verizon, Brinks, and other Fortune companies, Apptricity leverages a combination of Bluetooth® Low Energy (BLE) beacons, patented edge devices, and proprietary software to provide real-time tracking of assets and inventory for enterprise level supply chains.

Apptricity’s system boasts location tracking in up to real-time, which is critical for enterprises needing to track retail inventory. Additionally, the system can be easily integrated with other enterprise systems, such as enterprise resource planning (ERP) to provide a comprehensive solution for retail inventory management. Overall, Apptricity’s Retail Inventory Management Solution is a top choice for enterprises looking to improve their retail inventory tracking capabilities.