The Loss Prevention Research Council (LPRC), a leading loss prevention & retail research organization with a membership of over 70 retail chains and 75 technology companies, has announced their partnership with Nedap, the Global Leader in RFID-based retail solutions to combat theft and loss by launching and developing the On-Shelf Availability Center of Excellence, located within the NextRetail Research Center.
As part of the LPRC Innovate program, the NextRetail Research Center provides a location for research and development, training engagements, and a simulation space with virtual reality and augmented reality capabilities. The On-Shelf Availability Center of Excellence is a hub within the NextRetail Research Center that allows LPRC researchers to focus their efforts on product availability in the retail setting.
Retailers face rising issues with theft and shrinkage that contribute to billions of dollars in loss each year. With Nedap’s support, the On-Shelf Availability Center of Excellence will lead to new insights and innovation to proactively fight crime and help retail enterprises achieve success.
“We are very excited to partner with Nedap to stand up the On-Shelf Availability Center of Excellence,” says LPRC Director Dr. Read Hayes. “The landscape of retail is changing, and to keep up with these emerging trends and issues, we must quickly come up with innovative solutions. We believe that this new hub for research & development aimed at ensuring product availability for customer demands will be essential to our mission.”
“Nedap is proud to support the LPRC by contributing to new insights and innovation to enable retailers to solve their product availability and shrinkage challenges’’ says Rob Schuurman, Managing Director at Nedap Retail. ‘’As the Global Leader in RFID, we feel it is our duty to share our expertise in the field of RFID-based Loss Prevention technology. Our partnership with the LPRC helps us participate and learn from the industry to accelerate that mission.”
About the Loss Prevention Research Council
The Loss Prevention Research Council provides comprehensive research, development opportunities, and collaborative spaces that enable the innovation of loss & crime control solutions.
To learn more about LPRC, please visit: https://lpresearch.org
About Nedap Retail
Nedap is the Global Leader in RFID-based Retail solutions. Nedap helps retailers permanently prevent losses, optimize stock levels and simplify the multi-store retail management using RFID. Nedap’s RFID software platform gives retailers real-time item-level insights into their stock levels and the exact location of each item. Using these real-time insights, retailers are able to be more agile, offer customers a better shopping experience, and increase sales.
More info: www.nedap-retail.com