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 of dollars 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 the largest retailers in the world.  If you want to learn more about the capabilities of Flooid, contact us.

Flooid travaille avec les plus grands détaillants du monde. Si vous souhaitez en savoir plus sur les capacités de Flooid, contactez-nous.

  • 10th December 2024

    Five ways Flooid drives success in omnichannel retail

    Flooid Blog - Retail Platform and Solutions

  • 4th December 2024

    Flooid to attend Retail’s Big Show

    Flooid Does

  • 21st November 2024

    The store of the future

    Flooid Blog - Retail Platform and Solutions

  • 22nd October 2024

    Flooid thinks: People and process, as well as technology

    Flooid Thinks

  • 30th August 2024

    The evolution of retail: Adapting to change with omnichannel solutions

    Flooid Blog - Retail Platform and Solutions

  • 22nd August 2024

    Flooid Fosters Fuel and Convenience Store Success With Unified Commerce Platform

    Flooid Blog - Retail Platform and Solutions

  • 31st July 2024

    Enjoy infinite innovation with Flooid

    Flooid Blog - Retail Platform and Solutions

  • 11th July 2024

    Enhancing the customer and employee experience with Flooid

    Flooid Blog - Retail Platform and Solutions

Want to see more?