Checkpoint Developing RFID-Based Fresh Meat Solution that Enables Food Retailers to Lower Waste, Improve Freshness
19 January 2016 - 12:02AM
Business Wire
Pilot Results: Faster Replenishment Time,
Reduced Meat Waste, Reduced Staff Time, Increased Sales
Checkpoint Systems, Inc. (NYSE:CKP), a leading global supplier
of merchandise availability solutions for the retail industry,
today announced here at NRF's Annual Convention & EXPO that its
RFID-based fresh meat solution, which is in development, is now
being piloted by food retailers.
The new solution will combat the multi-billion dollar loss per
year of meat products and associated labor costs at food retailers
because of expiration. U.S. retailers alone lose $8.8 billion each
year due to meat spoilage. E.U. retailers lose EUR 14.8 billion
each year for the same problem.
Pilot Results
During a recent pilot, a national retailer found it was able to
reduce fresh meat replenishment time, decrease staff time spent
replenishing expired meat, reduce meat waste and increase
sales.
In addition to these benefits, the fresh meat solution is
expected to increase markdown compliance, improve the customer
experience by improving food freshness and on-shelf availability,
and be easily adopted by employees into their current daily
routines.
According to Uwe Sydon, Senior Vice President & Chief
Innovation Officer, Checkpoint Systems, “Currently, most food
retailers have no easy way to track fresh meat once it’s packaged.
Our fresh meat solution will make all processes in the meat
department streamlined with very quick and easy-to- use data.”
About Checkpoint Systems, Inc.
(www.checkpointsystems.com)
Checkpoint Systems is a global leader in merchandise
availability solutions for the retail industry, encompassing loss
prevention and merchandise visibility. Checkpoint provides
end-to-end solutions enabling retailers to achieve accurate
real-time inventory, accelerate the replenishment cycle, prevent
out-of-stocks and reduce theft, thus improving merchandise
availability and the shopper’s experience. Checkpoint's solutions
are built upon 45 years of radio frequency technology expertise,
innovative high-theft and loss-prevention solutions, market-leading
software, RFID hardware and comprehensive labeling capabilities to
brand, secure and track merchandise from source to shelf.
Checkpoint's customers benefit from increased sales and profits by
implementing merchandise availability solutions to ensure the right
merchandise is available at the right place and time when consumers
are ready to buy. Listed on the NYSE (NYSE: CKP), Checkpoint
operates in every major geographic market and employs more than
4700 people worldwide.
Twitter: @CheckpointSys
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GCC, Inc.George Cohen, 617-325-0011george@gccpr.com
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