Item-level RFID in Retail
Over time, technology has driven data, which drives decisions when it comes to business, particularly in the retail industry.
Today, most retailers collect a lot of data via barcode scanning, but because this can be a time consuming process, data-driven processes such as inventory counts are only conducted a few times a year, leaving the data inaccurate. In fact, inventory accuracy for apparel stores is just 65 percent.
In addition to a lack of inventory accuracy, retailers don’t always have information regarding the tracking of goods from their warehouse back to a store and to the shelves. Because barcodes aren’t typically scanned when items arrive at a warehouse—they are shipped to a store and then put away—retailers don’t have a good idea about how long such processes can take to complete.
However, there is a solution to these retail dilemmas, and it lies in RFID. By using an item-level RFID system, retailers could collect all of the necessary data to keep them running efficiently.
Retailers can use their data to compare the sale of items at different stores and optimize a store’s configuration for maximum revenue, eliminating guesswork.
Learn more about RFID and other mobile solutions for retail.