RFID marches on

From a recent RetailWire discussion: Big retailers are moving faster toward RFID technology, despite their past investment in UPC scanners and related software. Like any new technology (aimed at consumers or businesses), the cost of early adaptation is relatively high. It becomes practical for smaller or specialty retailers only after larger stores (Macy’s, Walmart and the like) have driven down costs through economy of scale.

But the move to RFID is definitely accelerating. The benefits for more accurate inventory management are huge. Being able to monitor SKU details (style, color, size) more precisely should benefit margins, shrinkage and (most importantly) top line sales through improved in-stock rates.


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