Mojix, Inc., a leading provider of wide-area RFID systems and IoT platform software, today announced the unveiling of OmniSenseRF Inventory Service, the first end-to-end, always-on, inventory management capability for retail users available on a monthly service basis. OmniSenseRF Inventory Service represents a fresh new approach to the challenges retailers must overcome when deploying RFID and other sensor technology to improve inventory management and store operations. The solution provides a low entry cost, allowing retailers to start fast and quickly realize value, while delivering on both software and hardware as a service benefits appreciated by IT executives, including:

  • Painless software upgrades and maintenance
  • Pay-as-you-go model that reduces budget impact and eases financial planning
  • Seamless scale-up, making it easy to plan and manage a chain-wide rollout
  • Vendor-managed hardware
  • Straightforward integration with ERP systems via a RESTful API

“Rapid fashion cycles and fast-turnaround omni-channel fulfillment have made it critical for retailers to make data-based decisions in real time,” said Dan Doles, CEO of Mojix, Inc. “By leveraging always-on RFID and other data sources, the OmniSenseRF Inventory Service helps retailers make connections between customers, inventory, merchandising and environment so they can convert shoppers into buyers.”

The “hands free” overhead solution provides highly accurate inventory count and location information without the employee compliance and repeatability challenges of handheld solutions. OmniSenseRF Inventory Service delivers many competitive advantages and benefits, including:

  • Boosts sales by eliminating out of stocks and improving the customer experience
  • Increases gross margins by reducing markdowns and enabling optimized product assortment
  • Enables omni-channel fulfillment by providing high-confidence inventory data with location
  • Reduces shrinkage by exposing patterns of loss that management can act on
  • Reduces working capital by optimizing inventory replenishment levels
  • Provides store-level visibility to corporate management to enable data-driven decision making

“In numerous implementations across many different retailers, RFID has delivered significant financial benefits to retailers,” said Bill McBeath, Chief Research Officer for ChainLink Research. “We expect Mojix’s new service to extend those benefits along several new dimensions due to its real-time, ‘always on’ approach, while reducing a range of adoption hurdles for many retailers. Retailers who are seeking new ways to become more competitive should be looking at services like this now.”

The OmniSenseRF Inventory Service is built on Mojix’s high-performance, overhead-mounted STAR™ RFID hardware and ViZix™ IoT Platform software. The ViZix platform is a browser-accessible, cloud-based, IoT platform that provides a RESTful API for seamlessly interfacing with ERP, POS, EAS and other software. Because it can simultaneously perform complex event processing (CEP) on multiple sources of data besides RFID, the ViZix platform will enable Mojix to organically extend and enhance the capability enjoyed by users of the service.

NRF 2016

Mojix will showcase its RFID-based inventory management capability for retailers at the NRF Big Show in New York City on January 17-19, 2016. Located in Cellotape Smart Products booth #1247, Mojix will be demonstrating RFID solutions that provide accurate, real-time inventory information with item location to boost revenue and streamline omni-channel execution.

About Mojix

Mojix is a leading connected business solutions company that provides wide-area RFID systems, real-time IoT platform solutions, and cloud and mobile development services for IoT and big data applications. We are leaders and innovators in fixed infrastructure sensor networks that collect, store, analyze and interconnect data from multiple sources including RFID, GPS and other sensor devices. Mojix IoT platforms maximize intelligence at the edge and provide big data scalability. Our solutions feature highly configurable application frameworks and elegant user interfaces with advanced analytics, enabling end-to-end business intelligence and data visibility across multiple industries. Mojix creates efficient and agile enterprises by giving assets a digital voice so users can make data-driven decisions. For more information, visit mojix.com.

Mojix, OmniSenseRF, STAR, and ViZix are registered trademarks or trademarks of Mojix, Inc.