Downward pressure on sales doesn’t have to equate to a fall in profits. In a depressed economic environment, retailers should concentrate on what they can control: reducing costs.

One area of opportunity is loss prevention. Here are some statistics about the cost of theft and inventory mishaps:

Can your business afford to accept large losses like these?

Flooid, Intel and the Open Retail Initiative recently collaborated on a loss prevention tool for self-service checkouts.

Using EdgeX middleware, data was captured and shared from different systems including cameras, weighing scales and RFID tags. A proof of concept was delivered in weeks, giving retailers physical proof there was a route to millions in savings through effective loss prevention technique.

Download our whitepaper to find out more about how Flooid, Intel and the ORI are helping retailers cut costs.

Flooid works with some of the world’s leading retailers. If you would like to learn more about Flooid’s capabilities, please Contact us.

  • 24th May 2024

    Flooid fast-tracks collaboration in new home

    Flooid Blog

  • 15th May 2024

    Flooid opens new UK home

    Flooid Blog

  • 23rd April 2024

    Flooid and Deliverect: Innovating the way retailers serve their customers

    Flooid Blog

  • 12th April 2024

    Why retail needs to rethink SCO

    Flooid Blog

  • 25th March 2024

    Ryan Bryers Talks ROI at RTS

    Flooid Blog

  • 21st February 2024

    Flooid returns to the Retail Technology Show

    Flooid Does

  • 16th February 2024

    Flooid Announces Three-Year Partnership with PMC to Enhance Customer Support

    Flooid Blog

  • 13th February 2024

    Meet Flooid at EuroCIS

    Flooid Does

Want to see more?