What if you could decrease your online order cancelations by 60%? That’s exactly what onechildren’s clothing retailer was able to do using radio-frequency identification (RFID) technology to reduce online out-of-stocks.
However, RFID goes beyond reducing online out-of-stocks. It provides an all-encompassing improvement to inventory accuracy, sales, margins, and expedited returns, according to a research study at Auburn University.
It’s these kinds of RFID benefits that have retailers giving this technology a much closer look.
Why RFID in Retail?
Why is RFID technology becoming so popular for retail stores? Is it because it’s the cool new thing to do in the retail world? Or are there tangible benefits?
RFID technology goes beyond the basic self-checkout lines. Now, as it continues to develop, RFID is being used to increase work efficiency and boost sales, job satisfaction, and customer service levels.
Innovative retailer, Zara, has built their business around RFID. They are now able to conduct a physical inventory in their outlets in about 15% of the time it used to take.
Before you run out to plan a few RFID pilot projects for your stores, there are five things you need to know about RFID.
1) BOPIS (buy-online, pick-up-in-store) is a Win-Win
2) RFID Technology Provides a Faster Checkout Experience
3) Retail RFID Technology is Being Adopted Faster Than Ever Before
4) There’s a Significant Cost to Adding RFID Technology
5) Your Retail Store Must Calculate the ROI of RFID Technology
Will You Adopt RFID Technology?
Through improved inventory accuracy and streamlined sales processes, RFID technology should allow your store to better serve your customers online, on-the-go, and in-store. It’s a win for your customers, a win for your employees, and an even bigger win for your bottom line.
If you are integrator, please contact us directly; If you are looking for an entire solution, we can introduce you your local integrator to help you out.
For more information about RFID for Retailers, please visit:
http://www.rfidhy.com/rfid-product/
