Thank you for Subscribing to Retail Business Review Weekly Brief
Retail Business Review | Tuesday, April 19, 2022
Anyone can argue that the ROI from RFID comes in a retail environment than during warehouse operations. Still, these benefits that the retail environment experiences can significantly impact the warehouse facilities.
Fremont, CA: Most of the hype for RFID technology has centered around its retail environment applications, managing store inventory efficiently, and driving consumer decisions. Though, the technology can help accelerate accurate warehouse operations. With the costs of RFID tags reducing significantly, manufacturers and distributors will be under extreme pressure from retail customers and competitors to adopt the technology. RFID can generate disproportionate ROI compared to those who waited.
RFID is a quite simple technology. It mainly comprises a tag and a reader. The tag consists of a processor and an antenna. Tags can be active and apply a battery or passive and use power from the reader. Also, The reader can be hand-held or stationary and differ in size and strength following purpose. Tags might be hangtags or fixed on an item. As like, each item gives a unique fingerprint to track individually. Some of the main benefits of the technology in warehouse operations are reading many items simultaneously, doing so without a line of sight, and tracking the product's direction.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
In some cases, RFID can sustain readability problems due to product density, material, or packaging alignment. Not every product is suitable for RFID, but those can experience great speed advantages in warehouse processing. Some people debate that the ROI from RFID comes in a retail environment than during warehouse operations. But, these benefits that the retail environment experiences can significantly impact the warehouse facilities. The influence can be felt across the supply chain and significantly refine allocation efforts, buy-online-pickup-in-store ability, ship-from-store operations, labor spend, inventory levels, and vendor compliance.
In warehouses, RFID delivers on the promise of speed and understanding. Warehouses typically have a high level of inventory accuracy, and RFID cannot offer much on this front. However, the technology can improve the speed of process activities and understanding of each process step and each shipment. The technology can significantly impact the speed of inbound receiving RFID-enabled products, speed of conducting cycle counts, and speed of outbound processing. Another promise of RFID understands how an organization can better understand error rates, conduct root-cause analysis, and challenge chargeback rates using RFID scan data.
More in News