GreyOrange Inc. announces a breakthrough in retail inventory accuracy with its end-to-end store execution and omnichannel retail management solution, gStore. With the ability to combine data from RFID overhead systems with a real-time store operations platform, retailers can now serve more customers faster based on 99% inventory accuracy and location precision within three to five feet.
“RFID technology has matured beyond point-in-time capabilities, which traditionally offered around 90% inventory accuracy without location precision,” says Akash Gupta, co-founder and CEO at GreyOrange. "Leveraging cutting-edge, real-time overhead RFID technology, gStore significantly boosts inventory accuracy to an unprecedented 99% with location precision of 3-5 feet while simultaneously doubling team productivity. The result is an immersive and frictionless in-store experience that captivates customers."
Key Takeaways:
- The gStore platform not only empowers retailers to revolutionize their store operations but also manages real-time replenishment and conducts intelligent workforce tasking, all simultaneously.
- gStore has been successfully deployed by several fashion retail leaders who are harnessing gStore to uphold their sustainability commitments, effectively reducing overstock and stockouts.
- The tangible impact of gStore is evidenced by results metrics: a 45% improvement in productivity, a 5% surge in sales and a 60% increase in daily customer assistance.
- gStore offers customized capabilities for a mix of both overhead and handheld RFID devices. It supports high-volume and high-revenue-generating stores with overhead, while lower-volume stores can benefit from handheld devices. It also enriches the customer experience through smart fitting rooms featuring digital mirrors and seamless checkout capabilities.
