The Benefits Of RFID Tags In The Retail Industry
RFID is not a new thing, it has been widely used for many years. Many US retailers, including Macy's, ZARA and Decathlon, use RFID technology. The direct advantage of RFID systems is that retailers can reduce inventory data acquisition time by 90%. In other words, it takes three days to get inventory data, and RFID only takes 45 minutes. RFID also greatly improves the scanning accuracy. The actual inventory of hand-scanned goods is about 4% error. This value is superimposed each year. Therefore, the cycle inventory of the entire sales year may be more than 60% error in peak season. In contrast, RFID errors are usually only 0.5%, which means that inventory will be accurate throughout the year. Many excellent managers have realized the advantages of RFID in actual inventory time and accuracy. RFID has many functions, but it will have more functions in the future. Adhere to major commodity planning Most retail chains have a plan to store merchandise, especially for the fa