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Keeping Count: How to Successfully Deploy RFID in Retail

June 8, 2023
Chain Management
Minimize Returns
prompting retailers
RFID History
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irfan ullah

 

Though the benefits of RFID are plentiful—including inventory record accuracy, display compliance, and futuristic uses of technology to improve the customer experience—retailers must ask the question: is RFID the right fit? Metals and liquids pose a challenge for RFID tags, and while there are workarounds, this is still something to consider.

So, what justifies a ROI for RFID? Is it the checkout experience? Auto replenishment from back to front? Overall customer experience? Billings recognized that while retailers know their business, some benefits can be hard to quantify. In a cost breakdown, Billings identified $.04–.08 per tag, and “the further up the supply chain you tag, the cheaper it is.”

Investors need to consider hardware maintenance as well as recurring software licenses and device costs. The biggest pain point for retailers are process changes. With RFID auditing 100% of items shipped with a full system integration, RFID increases sales between 4% and 8%. Using real-time data is vital.

Billings had a thrilling announcement: “We are excited about our partnership with Frequentiel, and we are looking forward to helping retailers with their RFID needs.” Datascan and Frequentiel, Europe’s premier RFID company, help retailers along the RFID path with ROI calculations and more.

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Keeping Count: RFID’s Exciting Impact in Retail

Stores often wonder: Why do shoppers leave without a purchase? There are four main reasons: Items are out of stock. There’s no one to help. It takes too much time to finalize the shop. The experience is impersonal. The solution? RFID. RFID improves the out-of-stock problem by providing real-time stock levels, which is crucial…

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Keeping Count: RFID’s Role in Supply Chain Management

Remember the toilet paper scarcity? Yeah. That. What if we told you that could have been avoided or minimized? Herb Billings, VP of Technology Strategy at Datascan, dives into the effects radio frequency identification (RFID) has on the supply chain with host Tyler Kern. RFID provides inventory record accuracy at affordable rates. Having this feature…

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Keeping Count: What are the main drivers prompting retailers to implement RFID?

Datascan’s VP of Technology Strategy, Herb Billings, converses with Tyler Kern about the benefits of using radio frequency identification (RFID). There are four main uses for RFID: “It improves inventory record accuracy. It reduces manual labor time around inventory management tasks. You can implement it for anti-theft, and display compliance — making sure you have…