Impinj Store Performance Simulator
"Impinj's Store Performance Simulator is unquestionably the most flexible RFID store operations simulation tool that I have tested," said Leslie Hand, research director at IDC Retail Insights. "Importantly, it enables baseline operational performance comparisons to RFID and other performance improvement 'what if' scenarios, so the retailer can evaluate the quantitative value between adding staff, changing inventory management process, adding inventory and implementing RFID enabled processes."
Developed to leverage low-risk, low-cost simulation to improve retail operations, SPS allows users to create scenarios with over 25 input parameters that describe how a store, or a product category within a store, operates. SPS then simulates the scenario, recording more than 35 store performance metrics and producing an income statement summarizing the store's turnover rates, unit sales and profits. With SPS, retailers can experiment in simulation with various scenarios, and then confidently modify their operations to yield the expected performance improvements. Most simulations show that by utilizing RFID technology, stores can improve inventory visibility, increase sales and customer satisfaction, decrease out-of-stocks and markdowns, and improve employee awareness of performance.