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By Rich Handley

Nedap Launches RFID Loss Prevention Academy

Nedap, a provider of RFID-based retail solutions, has launched its RFID Loss Prevention Academy, an online learning environment consisting of free online courses, study guides and tests. The academy is designed to help retail executives develop critical skills, test knowledge and demonstrate expertise in the area of RFID-based loss prevention.

"Reduction in inventory due to shoplifting, employee theft or other errors significantly impacts a retailer's bottom line—to the tune of nearly $100 billion annually in direct losses worldwide," said Rob Schuurman, Nedap's managing director, in a prepared statement. "Regardless of where retail operations are located, shrink is a universal foe. Nowadays, RFID is the technology that enables retailers to prevent losses. With this e-learning, we at Nedap are sharing our expertise in the field of RFID technology. This will help retailers to gain more understanding in the area of RFID-based EAS [electronic article surveillance], enabling them to reduce the impact of losses affecting the retail industry."

RFID-based EAS technology, Nedap explains, offers real-time understanding of what, when and how specific items go missing, by integrating item-level inventory and loss-prevention data. The technology can track and manage retail shrinkage from source to store in real time, as well as facilitate secured and seamless checkouts, create unique shopper experiences with open entrances, differentiate between actual store shrinkage and other forms of inventory distortion, pinpoint shrink sources in stores and along the retail supply chain, respond directly to alarms using an app and analyze system data to predict potential shrinkage vulnerabilities.

A growing number of retailers and brands are choosing RFID to gain insights into their inventory at the item level and thus ensure optimal product availability. According to Nedap, the foundation of most RFID implementations is that all items are provided with an RFID label at the source of production, and the same RFID label can provide inventory management and item security. This means no additional loss-prevention efforts are needed, the company explains, since stock is already 100 percent security-tagged from the source, and it eliminates additional in-store tagging costs while allowing retailers to unlock omnichannel such services as secured mobile checkout.

At the RFID Loss Prevention Academy, visitors can follow free online courses regarding radio frequency identification. They can learn at their own pace in courses taught by Nedap's experts, as well as discuss topics in the company's online community. With no set semester or quarter system, learning takes place according to each individual's schedule. For more information, visit nedap-retail.com/academy.

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