There are various RFID retail solutions that can be implemented within a store that will work together to improve inventory management and the way a store operates. Such a system will ultimately increase the efficiency and accuracy with which a store is managed and increase sales while reducing excess costs spent on unnecessary inventory.
In this article, we will discuss how RFID can and has been implemented to improve the way in which a store is run.
How Does RFID Help Retailers and Vendors?
One of the most noticeable benefits that an RFID system provides retailers and vendors is faster and more accurate inventory management. Due to this process being faster, inventory management and stocktakes can be performed regularly, allowing store owners and managers to have a better understanding of their stock levels. A comprehensive RFID system also reduces the overall inventory workload of stores, allowing staff to focus on other important duties.
RFID for Retail Store Sales Processes
An RFID system will be able to inform store owners when stock on the shelves is running low. They are then able to dispatch a staff member to restock a certain item. This will ensure that customers will always have access to products. This will improve the customer’s experience and result in greater customer loyalty and sales. It also allows staff to easily and quickly locate items that have been picked up by customers and placed in a different location.
RFID Technology That Makes This Possible
In order to create a truly effective RFID system there are many products and technologies that should be installed and utilised that work together to ensure the best result. Milestone made use of a few key technologies to improve inventory management at South African retailers. Technologies utilised include:
- Encoder: An RFID encoder is able to print and encode RFID labels for tracking purposes. The data that is encoded on the label is uploaded to the cloud for safe storage and can be managed from any location that has a stable internet connection. The encoder and data can be managed via a computer or a handheld reader.
- RFID Station: An RFID station is able to both encode tags and kill them. This is useful if a tag has been wrongly encoded or the tag needs to be discarded for some reason. Once a tag has been killed it cannot be read by an inventory management system. This station is also able to display information about a product that has been encoded in the tag. The tags can also be password protected by this station.
- Handheld Scanner: A handheld scanner is also referred to as an RFID inventory and encoding system that can upload information from a tag to the cloud. The scanner is able to quickly and efficiently read the inventory and provide accurate data on the number of products on the shelves and in storage. They also provide more detailed information such as the number of Large shirts in a range.
- Reader: A reader is placed at the till point in order to make check out and payment a faster process. These readers can be mounted in three different ways. You can choose between a flush mount, under-counter mount, or desktop mount.
- Overhead System: An overhead system should be installed at the entrances and exits of a store. This system will detect and alert a store owner or manager of tagged products leaving a store that has not yet been paid for. Therefore, this allows for a reduction in theft.
Contact Milestone Integrated Systems to find out more about how our RFID solutions can help your store.