What is RFID Technology?
RFID in retail involves the placement of RFID tags on items that transmit information through RF waves to a reader. This information is then processed by our software, generating real-time results and updating your inventory levels.
Traditional inventory auditing methods like counting items or scanning barcodes are time-consuming, demand many resources and are also prone to errors.
RFID technology allows retailers to perform weekly counts of their stores in less than one hour, improving their inventory accuracy up to 98%.
Smart Retail allows your staff to be focused on valuable task like assisting customers or replenishment on the sales floor, instead of wasting their time counting items.
PARALLEL CONTROL
NO LINE OF SIGHT REQUIRED
LONGER DURATION
GREATER READING DISTANCE
RFID vs BARCODE
-
Read Rate
Number of items identified
Accuracy and automaticity
ID
Data
BARCODE
Very low throughput. Tags can only be read manually, one at a time.
One
It requires manual readings involving errors
Only identified series or product types
Only stores a numerical code
RFID
High throughput. Multiple (>100) tags can be read simultaneously.
Multiple
Fully automated with a high degree of accuracy
Identify each item uniquely
It allows to store product specific information
ADVANTAGES RFID
You do not need labels sight so they can be read
Greater speed in inventory counts
Minimizes inventory errors and reduces human manipulation
Individual management and product traceability
Knowledge of the last known location of the product
PRODUCTIVITY
It is estimated that RFID provides average productivity 25 times higher than that of the bar code, when on average 200 code reading are performed per hour, RFID can read about 5000 pieces in the same space of time
SMART RETAIL BENEFITS
ACCURACY
Increases inventory accuracy up to 98%
TIME SAVINGS
85% time reduction in validation transactions
LABOUR
40% labor cost reduction
LOSS PREVENTION
50% reduction in Loss Prevention
SALES LIFT
2-10% Sales lift
OUT OF STOCK
70% time savings in product lookup
