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FRISCO, Texas -- Fujitsu Transaction Solutions Inc. yesterday signed a strategic reseller agreement with RFID-based inventory tracking systems solution provider AbsoluteSKY, Inc. to offer its Intellitracker product suite to retailers for real-time item-level tracking.
According to Fujitsu, the solution provides benefits that include increased inventory turns, virtual elimination of missed sales, and extensive control over loss prevention. "RFID is widely regarded as the next transformational technology for retail operations," said Austen Mulinder, president and c.e.o. of Fujitsu Transaction Solutions. "Combining the capabilities of AbsoluteSKY's RFID solutions with Fujitsu's product portfolio will enable retailers to fully realize the benefits of RFID technology in the store environment."
Under terms of the agreement, Fujitsu will resell Intellitracker into its base of current and prospective retail customers. The agreement also sets the structure for AbsoluteSKY to resell Fujitsu products into its customer base.
Intellitracker's patent-pending technology integrates with retailers' enterprise and store-level systems, automating such functions as store receiving, stock replenishment, warehouse receiving and shipping, as well as tracking and control of markdown counts, style-aging and store-to-store transfers, according to the AbsoluteSKY.