New SAP RFID apps increase inventory accuracy and productivity
As another step towards our vision for offering a Smart Store solution, we offer now a new Fiori app for “Count Products with RFID”.
The new app “Count Products with RFID” increases the stock accuracy by supporting regular full count of products in a short time and by eliminating human errors. This is in addition to the Fiori app for “Transfer Products with RFID” which was released in early 2019. A Fiori app for “Move Products with RFID” is planned.
Why RFID right now?
According to GS1 Organization (link), “the average level of the stock accuracy in retail stores across different segments is about 65%-75%, every 3% improvement in stock accuracy results in a 1% uplift in sales, and a sales improvement in the range of 1.5% to 5.5% can be achieved using modern technologies such as RFID”. Also, the hardware cost has become reasonable (I bought passive RFID tags for 2 cents each), many of our customers have started using RFID or have pilot projects, and the RFID technology complements our solution in a low TCO manner.
The app “Count Products with RFID” helps retail and fashion companies to automate the counting process and count all products in a store or in a storage location in a very short period of time. It improves the overall accuracy of stock and optimizes the store replenishment.
The “Transfer Products with RFID” helps to start and end a season ahead of your competitors by transferring products from stores to outlets and DCs faster.
The app “Move Products with RFID” (planned) helps to move products from the backroom to the sales floor in an automated way, minimizes manual effort to post goods movement, and increases the product availability on the sales floor.
The apps “Count Products with RFID” and “Transfer Products with RFID” are available on S/4HANA 1809 only. The app “Move Products with RFID” is planned.
Low TCO approach:
The SAP’s RFID strategy is a low TCO approach because it has a lean architectural design and leverages the existing Fiori apps for In-store Merchandising which are widely adopted by retail and Fashion companies globally. With the SAP Fiori and RFID apps for retail store management, retail and Fashion companies can test and implement modern technologies to operate more efficiently, set themselves apart from the competition and improve the shopping experience.
Having innovations for Smart Store in mind, the Fiori app for “Task Management” was enhanced with the augmentation technology to support performing task with augmentation (available as PoC & demo only).
Showcase at SAPPHIRE Now:
We showcased the RFID and the augmentation apps at the recent “Learn to Win” event in Prague and we received extremely positive feedback. We will showcase the apps at SAPPHIRE Now in Orlando. Please visit us if you want to see an existing demo. Here are the session details:
- SAP’s Vision for the Intelligent Retail Store, Tuesday May 7th, at 3:00 p.m., Session ID: ASUG 82480, Session Catalog: Link
- Customer Influence Roundtable (CIRT), Tuesday May 7th, at 13:00 p.m., Customer Connect Center. SAPPHIRE / ASUG. You must be preregistered to join this Customer Influence Roundtable. Please contact firstname.lastname@example.org if you would like to take part in this exclusive opportunity to influence SAP.