RFID in Retail Improves Efficiency and Inventory Visibility

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Posted Jul 6, 2011 2:08:42 PM by DecisionPoint Team & filed under

motorola-3090z-rfid-item-level1According to an Aberdeen Group research report, best-in-class retailers that are utilizing item-level RFID on average are realizing:

  • 92% inventory system accuracy
  • 8.5% improvement in incidence of out of stocks
  • 0.8% decrease in in-store shrink

In addition to the improvement areas above, the Aberdeen research report also showed that top performers realized operational improvements in other areas. The use of handheld RFID readers also showed a significant increase in employee productivity, success of in-store promotions and a reduction in customer wait times.

The best-in-class retailers surveyed are achieving these results by using RFID to:

  • Monitor customer activity and inventory accuracy
  • Track inventory data in real-time and alert irregularities automatically
  • Capture and analyze RFID data
  • Produce regular, scheduled inventory, status and usage reporting
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