kcode Company Profile

Background

kcode is a specialized inventory management company focusing on Radio-Frequency Identification (RFID) solutions tailored for the apparel and footwear retail sectors. Founded in 2010 by cousins Marcel Keschner and Warren Keschner, kcode aims to revolutionize supply chain logistics by enhancing efficiency and accuracy through innovative RFID technologies. The company's mission is to solve supply chain problems, allowing businesses to focus on customer satisfaction.

Key Strategic Focus

kcode's strategic objectives include:

• Comprehensive RFID Solutions: Offering end-to-end RFID services encompassing consulting, hardware, software, and support to streamline inventory management processes.

• Enhanced Inventory Accuracy: Achieving over 99% replenishment accuracy to prevent stockouts and overstock situations.

• Innovative Product Offerings: Developing products like kshield, a cost-effective alternative to traditional RFID tunnels, and k-EAS integration for theft reduction.

• Seamless Software Integration: Ensuring compatibility with existing ERP, WMS, or POS systems such as Oracle’s RS or Manhattan Associates WMS.

Financials and Funding

As of the latest available data, kcode reports annual revenues of approximately $734,000 and employs a team of five professionals. Specific details regarding funding history and investment rounds are not publicly disclosed.

Technological Platform and Innovation

kcode distinguishes itself through proprietary technologies and innovative methodologies, including:

• Durable RFID Tags: Developed the world's most durable and reliable RFID tags for clothing and shoes, capable of being read from any angle and functioning in demanding environments with high humidity and temperature variations.

• kshield: A portable and cost-effective alternative to bulky RFID tunnels, allowing for efficient item scanning without unintentional reads.

• kbeacons: Devices that create radio-wave boundaries within stores or warehouses, enhancing inventory accuracy by delineating specific areas.

• kfind: A proprietary algorithm designed to quickly locate misplaced items, reducing inventory search times from minutes to seconds.

• kfit: A system that monitors the flow of garments to and from fitting rooms, addressing a known hotspot for shrinkage in retail environments.

Leadership Team

• Marcel Keschner, CEO/CTO: An electrical engineer with over 30 years of experience in technology applied to production and logistics, holding three patents. He is a senior member of the Institute of Electrical and Electronics Engineers and a recipient of the Richard M. Emberson award.

• Warren Keschner, President: A Certified Public Accountant with a background at PwC and over 30 years as a partner in a chain of retail stores in New York City.

Competitor Profile

Market Insights and Dynamics

The RFID solutions market for inventory management is experiencing significant growth, driven by the increasing need for accurate and efficient supply chain operations in the retail sector. The adoption of RFID technology enhances inventory visibility, reduces shrinkage, and improves customer satisfaction.

Competitor Analysis

Key competitors in the RFID inventory management space include:

• RFIDSolutionGlobal: Offers comprehensive RFID solutions with a focus on global supply chain integration.

• RFID Solutions: Provides tailored RFID systems for various industries, emphasizing customization and scalability.

• OPRFID Technologies: Specializes in RFID hardware and software development, catering to diverse market needs.

• Digitalchn.com: Focuses on RFID technology for asset tracking and management across multiple sectors.

• Eventrfidwristband: Offers RFID solutions primarily for event management and access control.

Strategic Collaborations and Partnerships

kcode has established partnerships with several companies to enhance its market position and service offerings:

• TDS America: A partner company contributing to kcode's service expansion.

• Activos & Inventarios: Collaborates with kcode to provide comprehensive inventory solutions.

• SEGEL: Partners with kcode to deliver advanced RFID technologies.

• Experto: Works alongside kcode to enhance inventory management services.

Operational Insights

kcode's competitive advantages include:

• All-in-One Solution: Providing a comprehensive RFID solution that encompasses consulting, hardware, software, and support.

• Accurate Replenishment: Achieving over 99% replenishment accuracy rates, reducing stockouts and overstock situations.

• Cost-Effective Innovations: Developing products like kshield to offer affordable alternatives to traditional RFID tunnels.

• Seamless Integration: Ensuring compatibility with existing ERP, WMS, or POS systems for smooth implementation.

Strategic Opportunities and Future Directions

kcode is poised to capitalize on the growing demand for efficient inventory management solutions by:

• Expanding Product Offerings: Continuing to develop innovative products that address specific pain points in the retail supply chain.

• Strengthening Partnerships: Building strategic alliances to enhance service delivery and market reach.

• Leveraging Technological Advancements: Incorporating emerging technologies to further improve RFID solutions and maintain a competitive edge.

Contact Information

• Website: kcode.com

• Phone: +1-646-644-4703

• Headquarters: 1175 E 27th St, Brooklyn, New York, 11210, United States