Retail Archives - MSM Solutions

How RFID Boosts Your Inventory Management

In today’s business world, understanding your customers’ needs greatly impacts your business and affects how you manage your inventory. Keeping an accurate and real-time view of your inventory is one of the best ways to keep your customers satisfied and your operations competitive. In fact, 57% of companies state that their inventory management is one of the key components that gives them an edge over the competition. While most manufacturers, as well as warehouses and distribution centers rely on barcode technology, RFID inventory management has the ability to [...]

By Brett Wilkerson Apparel Solutions, Automotive Solutions, Distribution and Logistics, Manufacturing, Retail, RFID

How to Setup RFID Inventory Management Solution for Small and Medium Retailers

As we step into the future of retail, RFID inventory management systems have made it possible for a variety of large scale retailers to easily track all aspects of their inventory. Recently, the well-known firm, McKinsey & Co. created the “retail store of the future” to further explore the many ways in which RFID technology can be useful within the retail sector. The store is called Modern Retail Collective and the goal of the store is to evaluate newer technologies such as fit predictor software, [...]

By Brett Wilkerson Apparel Solutions, Retail

Modern Retail Collective | Retail Technology in Mall of America

McKinsey & Company Opens Its First Retail Store in Collaboration With Mall of America

Store Signals Brick-and-Mortar Is Critical to the Future of Retail MSM provides its EPC Printing and Encoding Solution to “Modern Retail Collective – Store of the Future.” This RFID solution enables tagged retail items to be detected, located, identified, and counted instantaneously without the need to manually scan each item. McKinsey & Company, in collaboration with Mall of America, today announced the launch of its first-ever retail concept — Modern Retail Collective, a live retail space in Mall of America. The space [...]

By Brett Wilkerson Apparel Solutions, Retail, RFID

Do Small Retailers Need Omnichannel | MSM Solutions

Do Small Retailers Need to Implement Omnichannel?

Growing numbers of small retailers and brand owners are leveraging item-level RFID solutions to support omnichannel processes, but is it a fad or something that’s becoming necessary for businesses in the industry? The short answer is: yes. Omnichannel models — and the technology to support them — are necessary for retailers that want to complete in 2018 and beyond. Retailers that don’t embrace the changing consumer models and understand that brick and mortar alone isn’t always enough won’t be able [...]

By Brett Wilkerson Apparel Solutions, Blog Posts, Omnichannel, Retail, RFID