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by ehsan on May 2, 2007

TrueDemand's free service will provide trend analysis on RFID read rates, supply chain analytics including transit times, inventory levels, lost sales due to supply chain failures, and root causes for out-of-stock by SKU, store and day. As a result, consumer goods companies will develop a better understanding of the value generated by including point-of-sale, RFID and other retailer-shared information in the decision making process. TrueDemand will also have a premium service available that will help suppliers run their day-to-day business with many of the world's leading retailers.
"RFID has been stuck in pilot mode. Very few companies have even evaluated the ROI for RFID technology," said Eric Peters, CEO of TrueDemand. "In an effort to drive adoption we have decided to make basic parts of our solution free to Wal-Mart suppliers. Companies are already making significant capital investments in the technology. Why should they have to pay more to uncover the value? As a founding sponsor of EPCGlobal, we thought this could be our way of helping to jumpstart the industry and drive value."
Some of the leading adopters of RFID technology have already utilized TrueDemand's RFID analysis service over the past few months. Working closely on projects with several of the world's largest consumer goods companies, TrueDemand's research determined that true out-of-stock issues occur nearly twice as often as reported by retailers. The research also indicated that the root causes for out-of-stock errors change significantly over the course of a year, that nearly 10% of the lifecycle revenue for a product can be lost just during a product transition, and that a significant number of lost sales can be easily prevented by the consumer goods companies.
Tags:
rfid
hosted
service
scm
supply
chain
true
demand
logistics
technology
500+Internal+Server+Error+re
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Mr Wong
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