Aside from the environmental and societal damage caused through inadequate management of surplus or inedible food waste, retailers are also waking up to the economic consequences of poorly managed inventory control. With up to 60% of supermarket sales deriving from the perishable category**, fresh food retailers face an ongoing challenge in managing sell-by dates effectively.
Food waste in UK supermarkets today
Measuring loss in perishable goods
INTRODUCING
Fight back against the economic consequences of poorly managed food inventory control and replenishment.
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Checkpoint Systems’ RFreshID® fresh food solution uses RFID technology to help stores manage and rotate stock efficiently by improving inventory visibility and accurately identifying produce with near or exceeded sell-by dates.
In the UK, more than 10.2 million tonnes of food waste is generated each year. This creates more than 20 million tonnes* of greenhouse gas emissions...
Typically, retailers rely on time-intensive, visual inspections to detect the sell-by dates on perishable items and manage replenishment needs. In the already highly competitive grocery sector, where retailers have typically slim margins, discounted or unsold food items present a major challenge. Couple this with a lack of transparency and agility to respond to these challenges in the supply chain, retailers are recognising the importance of commiting to reducing their food waste levels to protect the environment and their bottom line
Discounting food items with a short sell-by date is also shown to recoup just 0.75% of the 4% revenue loss that comes from food shrinkage and waste
What can RFID do to improve this situation for retailers?
Quick and easy inventory management improving replenishment (close to 100% inventory accuracy) Waste reduction, higher visibility of expiring dates (up to 60%) Labor cost reduction due to the super fast reading performance (up to 75%) Detailed software reporting
Revolutionary RFreshID
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If you are one of the many retailers managing fresh food waste and replenishment by visual control then book today your no obligation demo from this game changing solution.
Do you know what this is equivelant to in terms of emissions?
SHOW ME
million cars
3.5
Reduce food waste levels
Improve on-shelf availability and boost sales
Precisely plan when replenishments are required
Reduce labour time thanks to automatic cycle counts
*The Grocer
**GS1
***GS1
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Finally a fresh food inventory and expiry date verification solution
Enables retailers to precisely plan when replenishments are required RFreshID delivers real-time actionable data
Minimising the time required to manually check merchandise by up to 78% RFreshID enables retailers to recieve RFID tagged products from source
Explore the customers attitude use-by dates and food price reductions
THE RISE OF THE BARGAIN HUNTERS
How can technology help grocery retailers reduce their food waste problem?
WASTE LESS SELL MORE
View our infographic using the latest Checkpoint commissioned research
HOW IMPORTANT IS REDUCING FOOD WASTE?
Take a look at ourlatest research on consumer attuidestowards food waste the retailer highlightingtheir purchasing habits
FOOD WASTE IN FOCUS
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Further reading