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What is Trax?

Trax enables brands and retailers to adeptly navigate the changing retail environment, where merging physical and digital experiences leads to improved customer satisfaction at the shelf level. By providing a thorough and accurate approach for consumer packaged goods (CPG) manufacturers and retailers to monitor, quantify, and evaluate shelf activity, Trax positions itself as a frontrunner in the industry. The platform's real-time tracking and analytical features deliver insights into aisle dynamics, contributing to enhanced operational efficiency. Poorly managed shelves can result in unhappy customers and lost sales; yet, retailers frequently struggle to have enough personnel to promptly address every problem. With Trax, shelves are scanned automatically, conditions are assessed, and essential adjustments are prioritized to unlock the full potential of each aisle. This ensures consistent optimal positioning of products across all stores. Additionally, Trax Retail Execution utilizes state-of-the-art image-recognition technology and sophisticated deep-learning algorithms to digitize shelf data, which ultimately stimulates sales growth and improves the shopping experience. By adopting these advanced tools, retailers can achieve a smooth integration of their physical and digital strategies, leading not only to better performance but also to a stronger connection with their customers. The evolution of retail demands such innovative solutions to meet the expectations of today’s shoppers.

What is SpaceTRAX?

The SpaceTRAX platform provides a web-based approach for overseeing clinical inventories in a range of medical environments, such as cardiac cath labs, interventional radiology, operating rooms, and endoscopy/GI labs. This innovative real-time inventory management tool seamlessly links clinical supplies with physicians, patients, and the procedures they undergo. By presenting a current overview of inventory levels, SpaceTRAX empowers healthcare organizations to make data-driven purchasing choices based on actual usage trends. Users typically see a decrease of 5% to 15% in on-hand inventory within the initial six months, while also reducing unnecessary “just-in-case” purchases and minimizing items that remain unused. With precise data on supply usage, facilities can utilize this information to negotiate better deals with suppliers. Furthermore, SpaceTRAX improves charge capture by simplifying compliance processes for staff; they merely need to scan a barcode, and the system handles the rest. Its integration with hospital electronic medical record (EMR) systems allows for the direct relay of item charge data to billing systems, which can enhance charge capture by as much as 25%. In addition to optimizing inventory management, the use of SpaceTRAX fosters enhanced financial performance for healthcare providers, ultimately leading to a more efficient operational workflow that benefits both staff and patients alike.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Trax Retail

Date Founded

2010

Company Location

Singapore

Company Website

traxretail.com

Company Facts

Organization Name

Securitas Healthcare

Company Location

United States

Company Website

www.securitashealthcare.com/solutions/inventory-management

Categories and Features

Retail Execution

AI / Image Recognition
Collaboration Tools
Data Collection
Inspection
Pricing / Placement Optimization
Product Education
Product Promotion Strategy
Retail Site Audit
Workforce Management

Categories and Features

Medical Inventory

Barcode Scanning
Expiration Date Management
Purchasing
Reorder Management
Supply Management
Usage Tracking
Vendor Management

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