RFID Retail

Retailers need to keep track of inventory on the shelves in the sales area and godown. At the moment it is handled manually or using a barcoding. Both are time consuming.

RFID is the only solution to get this done effortlessly and in nick of time.

Once the goods are received in the godown area and tagged, then till they are sold either cartonwise or individually, the shopkeeper is able to locate them efficiently. Thus saving the time and man hours.

Antitheft solutions will also ensure that the goods do not leave the premises in unauthorized manner.

Welcome to RFID, a new technology that promises these benefits and more. RFID - radio frequency identification - already is demonstrating measurable results that have the potential to transform how business is conducted for both retailers and their suppliers. Benefits include reduced labor costs, simplified business processes, improved inventory control, increased sales and reduced shrinkage.

WHAT DOES RFID OFFER RETAILERS?

Retailers face the constant demand to have the right goods available at the right places in the right quantities. First and foremost, incorporating RFID technology into existing supply chain operations can reduce the labor required to monitor goods movement and inventory flow. RFID allows manufacturers and retailers to complement existing systems while gathering more information throughout a supply chain. Systems with the power to update the information that moves with an individual product provide complete supply chain visibility without the prohibitive labor costs and eliminate the error rates a similar manual system would entail.

RFID also can act like a security guard at a gateway. As goods are moved from dock to truck to store, RFID can conduct automatic inventories and compare the goods with the manifest. Goods flow becomes more complete, stock outs are reduced, overages are curtailed and accounting discrepancies are removed.

ITEM LEVEL TRACKING

The ultimate goal in retail is to create RFID systems that provide the benefits of the technology at a cost that supports item-level tracking. Such item-level tracking would provide each unit of inventory with a unique ID.

With RFID usage the inventory accuracy and improved goods tracking rises exponentially. Physical inventories and product re-ordering will be done in a fraction of time it now takes and retailers will be able to take inventory much more frequently. Truly automated checkout becomes viable as RF interrogators list the contents of a shopping cart without moving any of the items.

WHAT'S NEXT?

An effective and efficient distribution system is the key to retailer success. Major retailers and consumer goods companies already are using RFID.

  • Improved inventory management
  • Improved customer service
  • Heightened customer loyalty