How to Use RFID Technology to Effectively Manage Retail Stores
RFID technology is reshaping the retail landscape. Today's retail industry has an opportunity to create a safer, more reliable, and more convenient experience for its customers. RFID systems involve placing RFID tags on products, scanning the tag information through a reader, and then processing it by an application to achieve inventory control and counting.
With supply chain visibility and inventory accuracy becoming more critical, RFID has become the foundation of today's omnichannel retailers. With RFID technology, retailers can automate their inventory data and increase accuracy by 30% while simultaneously reducing out-of-stock by 50%.
An Overview of RFID Technology
RFID (Radio Frequency Identification) belongs to a group of technologies called Automatic Identification and Data Capture (AIDC) that use radio waves to track and identify tags attached to objects. You can use AIDC tools to identify items, collect data, and send data to computer systems with little or no human interaction.
RFID consists of two main parts: tags and readers. Each RFID tag has a processor and an antenna. Tags can be active and use a battery, or passive and use power from the reader. Similarly, readers can be handheld or stationary and vary in size and strength depending on their purpose.
In an era of retail transformation, leveraging smart technologies such as RFID is critical to success. RFID systems integrated with inventory can significantly improve the efficiency of retailers who need to track inventory accuracy. For example, you can use it to improve inventory accuracy and visibility to create a better shopping experience for customers.
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