 |
NATIONAL RETAIL FEDERATION NEWS RELEASE THE VOICE OF RETAIL WORLDWIDE Liberty Place, 325 7th Street, NW, Suite 1100, Washington, DC 20004 Phone: 202.783.7971 Fax: 202.737.2849 |
|
| |
|
For Immediate Release ARTS Releases Inventory Schema for Accurate Washington, DC, September 22, 2005--The Association for Retail Technology Standards (ARTS) has released a new IXRetail XML schema to enable retailers to maintain consistent and accurate store level inventory data and then communicate the information to all systems requiring inventory data within the retail enterprise. The new Inventory schema, the 11 th standard XML schema developed by ARTS, is intended to aid retailers in maintaining and communicating inventory by store location to support e-commerce and in store sales. “With so many people shopping on the internet and wishing to go to the closest store to immediately pick up the item, accurate store level inventory is absolutely critical to retail success,” said Richard Mader, Executive Director of ARTS. The Inventory schema can be used to check, reserve or cancel orders for products in inventory systems regardless of whether the transaction takes place in a store, online, by phone, or by mail order. “The Inventory schema addresses many types of inventory, for sale and for rent, as well as layaways, and holds for a wide range of business purposes,” said Monty Moncrief, Advisor, Knowledge Management, Blockbuster. “The objective was to make it useful for all retail segments.” “A customer requested we execute an integration project involving inventory data,” said Tim Hood, work team Chair and Triversity’s VP, Solution Architecture. “Triversity strongly believes the best approach is to leverage standards, so it was a ‘win-win’ to lead the development of this IXRetail schema. In the end the customer received a solution containing integration via an industry standard, and ARTS has a new schema validated by actual implementation.” Work team members included representatives from Blockbuster, Clicks & Mortar Consulting, CRS Retail Systems, Datavantage, NSB, Oracle Retail, PCMS, QPOS, Softechnics, and Target. The Association for Retail Technology Standards (ARTS) is an international membership organization dedicated to reducing the costs of technology through standards. Since 1993, ARTS has been delivering application standards exclusively to the retail industry. ARTS has three standards: The Standard Relational Data Model, UnifiedPOS and IXRetail. Membership is open to all members of the international technology community- retailers from all industry segments, application developers and hardware companies. www.nrf-arts.org. The National Retail Federation is the world's largest retail trade association, with membership that comprises all retail formats and channels of distribution including department, specialty, discount, catalog, Internet, independent stores, chain restaurants, drug stores and grocery stores as well as the industry's key trading partners of retail goods and services. NRF represents an industry with more than 1.4 million U.S. retail establishments, more than 23 million employees - about one in five American workers - and 2004 sales of $4.1 trillion. As the industry umbrella group, NRF also represents more than 100 state, national and international retail associations. www.nrf.com. ### | |