Powershelf Announces One Penny RFID Breakthrough to Eliminate Retail Out-of-Stocks
QUALCOMM Incorporated (QCOM)
Last qualcomm incorporated earnings: 4/29 04:01 pm
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Source: PR Web
ANNAPOLIS, Md. (PRWEB) February 27, 2018 Powershelf, a leader in helping retailers digitize their stores using proprietary software and hardware, today announced a new breakthrough solution that uses radio frequency identification (RFID) technology and blockchain software to help retailers better manage on-shelf inventory and eliminate out-of-stocks. The cost will be one cent per RFID chip.Out-of-stocks are an ongoing challenge for retailers. Eight percent of products are estimated to be out-of-stock at any given time, which means shoppers are often not getting the products they need. This costs time and frustrates shoppers, while degrading the shopping experience and costing hundreds of billions of dollars in sales for retailers and brands. The new one penny, Gen 2 RFID solution will be coupled with proprietary supply chain software developed by Powershelf to significantly improve asset tracking and eliminate out-of-stocks. This innovation builds on a large test conducted with the F
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QCOM
Earnings
- 1/31/24 - Beat
QCOM
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- 4/4/24 - Form 4
- 4/4/24 - Form 144
- 4/2/24 - Form 4
- QCOM's page on the SEC website