RADAR, a technology platform that leverages RFID sensor technology to track and precisely locate in-store inventory with 99% accuracy, announced the launch of RADAR+, an advanced AI analytics platform that transforms retail store operations through data-powered precision. The RADAR+ platform builds on RADAR’s core inventory tracking and optimisation technology and provides real-time store intelligence. RADAR+ offers enhanced capabilities that help retailers maximise sales with leaner inventories, plan demand and allocations, prioritise operational workflows and empower sales associates to deliver a superior customer experience.
RADAR+ enables retailers and brands to unlock real-time store intelligence at the [SKU] level, including tracking what products go into fitting rooms and which of the products that customers pick up and try on convert into sales, detecting phantom inventory and identifying when items have been misplaced within the store or left in a fitting room for a certain amount of time.
“The role of physical stores has expanded, with many serving dual roles as fulfilment centres for online orders and buy online, pick up in-store orders,” said Eric Mogil, Chief Growth Officer at RADAR. “Meanwhile, retailers need to do more with leaner inventories, given today’s macroeconomic pressures. RADAR+ lets retailers see the placement and movement of every single item in every store – in real time– so they can maximise sales and profitability and consistently deliver an excellent customer experience. It’s what the retail industry has been looking for and we’re delighted to now launch it to the market.”
