12:00 noon-1:00 pm EST
February 16, 2022
STORE LEVEL INVENTORY MANAGEMENT
The dramatic rise of omnichannel retailing coupled with significant supply chain disruptions has brought item level inventory management to the forefront of strategic issues facing retailers today. These factors are not likely to slip into the background anytime soon. If anything, they may become magnified and augmented by other factors affecting modern inventory management.
Many retailers are finding it harder to operate profitably without a precise view of the inventory residing in each of their stores. The same technology that solves this problem also helps store employees manage the inventory in their stores with less effort and greater precision. Some retailers fixed these problems years ago. A second group is hurrying to do so now. But a third group has fallen far behind their peers. Retailers who wait too long to modernize could find these missing pieces of the profit equation to be “the straw that breaks the camel’s back,” according to Marshall Kay, a Forbes contributor, Founder & Principal of RFID Sherpas, and one of the Top Retail Influencers of 2022 (RETHINK RETAIL).
Join us as Marshall and his panelists discuss the following:
What is RFID technology and how does it work?
What are some examples of companies that have successfully implemented RFID?
In which retail sectors has RFID become commonplace?
Which retailers/brands are clearly winning or losing the battle to effectively manage their inventories?
SUBJECT MATTER EXPERTS
Our webinar will kick off with a short, up-to-the-moment summary of the latest goings-on in retail. Our Subject MatterExpert is Patrick McKeever, President and Founder of The Daily on Retail.
Marshall Kay writes for Forbes as a member of their team of Retail Contributors. In 2022, RETHINK RETAIL named Marshall one of the retail industry’s top Thought Leaders. Marshall is the founder of RFID Sherpas, a retail consultancy that helps Tier 1 retailers and consumer brands put RFID technology to good use in their stores and supply chains. Marshall began his consulting career at A.T. Kearney.
RMS Members: $10
Date: Wednesday, Feb. 16, 2022
Time: 12:00 noon-1:00 pm EST
Dail-in instructions will be emailed prior to the event.
* If you're not an RMS member, now is the time to join. Join now and your membership fee will include complimentary attendance at this webinar and a copy of "Remarkable Retail."
Benefits of membership include: reduced rates on webinars, meetings and conferences; complimentary attendance at our Roundtable online discussions; "Top Takeaways"-capsule summaries of most meetings and webinars; Membership Directory for networking purposes; and Face to Face Fridays, a bi-monthly online networking session for members only.
Mark Berryman is a consultant and the former Head of Retail Operations, Ralph Lauren Europe. From 2015 onward, he was the leader of Ralph Lauren Europe’s RFID Program, managing all testing, pilot and rollout activity. He has 15+ years of experience in Retail Operations management roles, spanning a range of banners and store formats at Ralph Lauren and Arcadia Group.
Joe Coll is the VP of Asset Protection Operations & Strategy at Macy’s Inc. In this role he leads all Asset Protection efforts for Macy’s, including: Macy's Department Stores, Market by Macy's, Macy's Backstage, Supply Chain Asset Protection, and Fraud Strategies, for both .com and in-store locations. For many years Joe has played a central role expanding his company’s use of RFID technology to enhance Inventory Management and Asset Protection
Patrick McKeever, Jr.
President & Founder
Patrick has followed retail for more than 20 years. Prior to founding Wall Street 313 LLC and The Daily on Retail in late 2018, he spent 11 years as a managing director, senior analyst and consumer sector head at MKM Partners. He has received a number of professional awards, including 2nd place in Multiline Retail for both
stock picking and earnings estimation in the 2016 Thomson Reuters poll. He was awarded Top Stock Picker in Multiline Retail in the same poll, has been recognized in the Greenwich survey and has performed well in the institutional money manager voting process. He appears on CNBC and other networks to discuss retail and has been quoted extensively by industry publications and the financial press. Patrick started his career in equity research at Credit Suisse in New York. He is a graduate of Boston College and also has an economics-focused master's degree.