RFID Retail Solutions: Streamlining Inventory Management for Success
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- Reads 2
- Votes 0
- Parts 1
- Time <5 mins
Ongoing, First published May 06
RFID is gaining widespread adoption in the retail sector. When Radio-Frequency Identification (RFID) technology was introduced over 70 years ago, it promised significant advancements, particularly in the retail industry, which demands precise inventory management. With a high volume of items moving quickly in and out of the premises and a plethora of sizes, colors, and designs requiring high selectivity, the chances of inventory loss, errors, and inefficiency are high. Utilizing RFID Technology in inventory management addresses these challenges effectively. According to recent studies, 58% of warehouse decision-makers have plans to implement RFID technology by the year 2028. While implementing RFID technology may take months, the initial efforts are already showing results, with billions saved annually in shrinkage (inventory losses).All Rights Reserved
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