Financial Daily from THE HINDU group of publications Thursday, Jul 15, 2004 |
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Info-Tech
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New Products & Services Wipro Tech launches RFID-enabled store Our Bureau
A RFID sensor displayed at Wipro's newly launched RFID concept storte at the company's campus in Bangalore on Wednesday. - G.R.N. Somashekar
Bangalore , July 14 WIPRO Technologies, the global IT services division of Wipro, announced the launch of its RFID-enabled (radio frequency identification) concept store at its campus here on Wednesday. We are in talks with customers in the US, including retailers, their suppliers and equipment manufacturers and courier companies, offering our services in implementing RFID technologies in their business process, said Mr Sudip Banerjee, President, Enterprise Solutions. The store demonstrates automation of retail transactions through the implementation of RFID technologies, he said. The store showcases RFID technology and demonstrates how item-level RFID-tagging enables automatic check-out, intelligent shrinkage avoidance, smart stock maintenance and tracing and tracking of apparel by the store manager, Mr Bhanu Murthy, Vice-President (Retail, CPG and Distribution), said. RFID can resolve about a third of store execution issues at the case level and 50 per cent of issues at the item level, said Mr Mani Subramaniam, Principal Consultant, Retail and CPG. Retail store productivity can be increased, too, according to the company. In a market that is projected to touch $4.5 billion by 2007, Wipro hopes to get a slice of the services segment catering to the industry, said Mr Banerjee.
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