Navigation

X
You've just added this product to the cart:


Continue Shopping

Retail Stores are Being Revolutionized with the Help of RFID

Posted January 4, 2018

8GS1-US-EPC-RFID-Chip-Hand-ImageRadio Frequency Identification (RFID) are helping retail stores across the country improving customer experience, inventory accuracy, and a way to present wider sets of products to customers who are a little more selective.

RFID Tags have the ability to hold information that identifies the products, its country of origin, materials used, production date, the handling process, and any other important information that took place in the supply chain. Some retailers are using RFID tagging to track products at all of their locations. According to a research study from the RFID Lab at Auburn University, RFID tagging can increase inventory accuracy from an average of 63 percent to greater than 95 percent. This helps enable speed and accuracy for consumers concerning fulfillment for two-day, one-day, or same day delivery. According to Kurt Salmon and the Platt Retail Institute, with RFID tagging, out of stocks can be reduced by up to 40 percent and increase profit margins by 60 percent.

According to the RFID Lab, manufacturers using RFID tagging will see an 80 percent improvement in shipping and picking accuracy, at the same time being able to increase the receiving time by 90 percent. This will allow retailers to communicate more efficiently with their manufacturers for expedited reorders, improved planning, and forecasting of products.

To read more about how RFIDs can help retail stores click here.

For any questions or a quote on any of your RFID needs contact us at Barcodes, Inc.