Sensormatic Solutions, the leading global retail solutions portfolio of Johnson Controls, will unveil its latest innovations at the Retail Technology Show (RTS) 2024.
Sensormatic will demonstrate its cloud-based SaaS Shrink Analyzer application and Store Guest Behaviors solution, which is powered by Computer Vision Analytics (CVA). The brand will also be showcasing a new innovation that is designed to protect merchandise and the environment; Ultimately, helping retailers with their Environmental, Social and Governance (ESG) objectives while safeguarding against shrink. These solutions and more will be on display at stand 6D50.
Cloud-Based SaaS Shrink Analyzer Application
The cloud-based SaaS Shrink Analyzer application is a flexible, inventory platform-agnostic purpose-built to support retailers as they develop smarter, more effective loss prevention (LP) programmes, reduce out of stocks and enhance store operations.
“Shrink Analyzer highlights the ‘what,’ ‘where’ and ‘when’ of loss events, allowing retailers to take a proactive approach in the battle against organised retail crime (ORC), fraud and other drivers of shrink,” said Craig Szklany, Vice President and Product General Manager of Loss Prevention and Liability at Sensormatic Solutions. “This tool ushers in a new era of shrink visibility, using radio frequency identification (RFID) technology and exception-based exit monitoring to provide retailers with never-before-seen insights into their operations.”
Shrink Analyzer serves as the advanced data engine for a connected LP eco-system, ingesting, aggregating and analysing item-level inventory and data from Sensormatic RFID exits to provide a clear line of sight to losses in stores. The solution’s leading-edge analytics capabilities help retailers combat rising theft, empowering LP teams with clear evidence packages to improve prosecution efforts. Shrink Analyzer shows retailers the true financial impact of theft, fraud and other drivers of loss, helping prioritise their responses by focusing on strategies that have an immediate impact.
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Sensormatic Solutions newest LP application uses RFID technology, cloud-based analytics and electronic product code (EPC) data to:
- Highlight at-risk items and ORC activity. Shrink Analyzer’s analytics help LP teams differentiate between ORC, bulk and incidental theft events, providing insights into shrink anomalies and evolving patterns or trends;
- Pinpoint vulnerable areas and displays. Shrink Analyzer synthesises data from across store systems to provide item-level reports, including video evidence on when and where RFID tagged merchandise goes missing. This data helps alert LP teams to gaps in security that may leave merchandise exposed;
- Increase asset protection team productivity. Shrink Analyzer is designed for use by retailers’ investigative teams to help easily and quickly bundle digital evidence of theft events for use in potential prosecution against ORC groups;
- Optimise other areas of operations. By combining EPC exit data with other retail systems sources, Shrink Analyzer’s analytics capabilities help reduce out-of-stocks and drive enhanced replenishment. The solution also supports data exports to third-party case management systems to improve workflow efficiency.
SOURCE: Businesswire