#BarcodingEF8 Video of the Week: The Future of Inventory Accuracy in the Retail Supply Chain
Now that spring is officially here, let’s look back at our event from last fall: the Barcoding, Inc. 8th Annual Executive Forum, held in Ellicott City, MD in October 2018. We had lots of fun bringing together businesses, customers and partners from all around the supply chain industry. Each week, we’ve been bringing you a #TBT Video of the Week post featuring a session from EF8 to spread the #SupplyChainGeek energy. If you haven’t seen last week’s video, an interview with innovator Eric Bunts, you can find it here.
This Week’s Video
This week’s video features Jason Hixenbaugh of Sears Hometown and Outlet Stores. He brings over 28 years of experience improving business performance through technology and innovative programs, in-store operations and supply chain. His discussion is titled “The Future of Inventory Accuracy in the Retail Supply Chain”.
Supply Chain in the Retail Format
From shoes, to jeans, to tires, unique tagging systems have evolved over time to make the inventory process as efficient and accurate as possible. Retails stores have to keep track of the product as it moves from the stockroom to the sales floor to the cash register and so it is important to know the exact location of each unit. With technological advances and new supply chain processes, the way that retail stores take count of inventory has changed dramatically. What used to be done by hand, in a long process of manual counts with low accuracy, is now done using the latest RFID technology. Now, companies can improve long-term cost efficiency and save time with wireless tracking!
You can watch the full video below to learn more about the history of inventory accuracy and find out what the future of the industry holds:
Stay tuned to the Barcoding Blog for next week’s #TBT! In the meantime, feel free to follow us on Twitter, Facebook, LinkedIn, and Instagram to keep up-to-date with us and our #SupplyChainGeek friends!