FORT MILL, S.C., Jan. 16, 2017 /PRNewswire/ -- Honeywell (NYSE:
HON) today announced that it will collaborate with Intel to
develop new Internet of Things solutions for the retail industry to
enhance logistics, improve inventory visibility and drive supply
chain efficiencies.
The Honeywell and Intel collaboration will focus on developing
solutions that improve operations for retail businesses, which are
faced with enormous challenges to maintain profitability and
compete in an environment where consumers are more often shifting
to online shopping.
"To succeed in the e-commerce world, retailers need to invest in
connected solutions and harness the power of the Internet of Things
(IoT) to track inventory and gain insights into customer shopping
habits," said John Waldron,
president and CEO of Honeywell's Safety and Productivity Solutions
business. "The collaboration between Honeywell and Intel will
provide a platform for future technology developments to leverage
both firms' expertise in capturing and analyzing enterprise data.
We look forward to working with Intel on industry-leading solutions
this year."
"Technology can help transform retail, making stores more
responsive to customer needs by connecting physical and digital
retail environments," said Joe
Jensen, vice president and general manager, Retail Solutions
Division at Intel. "By working with Honeywell, Intel plans to
enable retailers to benefit from IoT solutions by having the
visibility of real-time accuracy of on-shelf inventory. This will
help delight shoppers with better inventory accuracy and in-store
pickup of products ordered online."
The Honeywell and Intel collaboration will focus on solutions
that utilize the two companies' technology offerings, including
sensors, handheld computers, processors, bar code scanners, RFID
tags and readers and cloud-based software. These solutions can help
businesses track, monitor and assess the condition of goods moving
through the supply chain as well as in brick-and-mortar stores.
By working together, Honeywell and Intel seek to address a range
of challenges that retail and supply chain firms face as consumers
are more often turning to online shopping. Retailers need greater
visibility into their in-store inventory to ensure items ordered
online are available for in-store pickup and to enhance customer
service.
Honeywell helps retailers maximize retail marketing efforts,
improve the productivity of store associates, accelerate the
checkout experience and make the in-store pickup of online shopping
orders a profitable venture. Retailers benefit from Honeywell's
portfolio of enterprise handheld computers, scanners, printers and
sensors as well as managed mobility services and cloud-based
software platforms.
The two companies are demonstrating how they are helping
retailers leverage their brick-and-mortar stores to drive
profitability at the National Retail Federation Big Show, running
Jan. 15-17 in New York City's Javits Center.
Intel is a registered trademark of Intel Corporation in
the United States and other
countries.
Honeywell Safety and Productivity Solutions (SPS) provides
products, software and connected solutions that improve
productivity, workplace safety and asset performance for our
customers across the globe. We deliver on this promise through
industry-leading mobile devices, software, cloud technology and
automation solutions, the broadest range of personal protective
equipment and gas detection technology, and custom-engineered
sensors, switches and controls. We also manufacture and sell a
broad portfolio of footwear for work, play and outdoor activities,
including XtraTufTM and Muck BootTM brand
footwear.
Honeywell (www.honeywell.com) is a Fortune 100 diversified
technology and manufacturing leader, serving customers worldwide
with aerospace products and services; control technologies for
buildings, homes, and industry; turbochargers; and performance
materials. For more news and information on Honeywell, please
visit www.honeywell.com/newsroom.
Contact:
Eric Krantz
+1 (803) 835-8230
eric.krantz@honeywell.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/honeywell-intel-to-jointly-develop-internet-of-things-solutions-for-retailers-and-logistics-providers-300391313.html
SOURCE Honeywell