How RFID in Retail Solves Industry Challenges

The importance of having a high level of inventory accuracy in retail is nothing new, but it’s even more essential in today’s rapidly evolving environment where consumer buying habits have changed.

Without RFID solutions in place, retail inventory accuracy rates can be as low as 65%. While this presents significant challenges for day-to-day operations, such accuracy rates are also far too low to deliver a compelling buy online, pickup in-store (BOPIS) offering. Today’s successful retailers need to give their customers peace of mind that the items they purchase online are available to pick up in-store where and when they want them.

Smart’s  RFID for inventory management solutions enable retailers to know precisely what they have in stock at all times, so they are able to deliver on their customers’ expectations. With inventory accuracy rates of 93-99% and drastically reduced out-of-stocks, retailers using these solutions experience tangible return on investment (ROI), resulting in cascading benefits across the entire retail enterprise.

Benefits of  RFID for Retail

93-99%  inventory accuracy
Reduction of out-of-stock
Inventory reduction in supply chain
>50% reduction of internal shrink