· Benefit of RFID technology:
- Reduce warehouse and distribution labor costs: Switch the point and read labor-intensive operation of tracking pallets, cases, cartons and individual products with sensors that can track these items anywhere in the facility with pin-point accuracy. This can reduce the high labor costs and service fees of regular stock management and store shelf inventory.
- Reduce point-of-sale labor costs: RFID allowed products, checkout can be completed with a quick scan of all items in the basket that help to decrease point-of-sale labor costs. The current scan-it-yourself element of self-service checkout can be upgraded, helping to improve adoption, reduce self-service checkout times and reduce fraud.
- Reduce inventory: RFID can reduced the inventory errors so that the company can be assured that the inventory indicated is the actual inventory available.
- Improve forecasting and planning: Visibility improvements throughout the supply-chain can help to improve the forecasting capabilities to help better track where inventory is and what is happening to it throughout the supply chain.
- Reduce theft: With RFID, products can be tracked through the supply chain to pinpoint where a product is and eliminate inventory errors that can cause shipments to go missing, or to better find where and when in the process the product was lost. Within the retail store, RFID can and has been successfully deployed, particularly on higher margin items, to help prevent theft.
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