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.

Advertisements

0 Responses to “RFID marches on”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s





%d bloggers like this: