A visit to my local hardware store last weekend showed it was closed for inventory. Many retail stores around the country are also shutting down their doors during regular business hours to conduct full inventory counts which can result in frustrated customers and lost sales. Counting store merchandise is necessary to maintain inventory accuracy and on-shelf availability while reducing out-of-stocks, but I long for the day when retailers realize they can keep stores open during inventory audits by using RFID to count items.
Reduced Counting Labor with Handheld RFID Readers
By RFID-tagging individual items and providing store associates with handheld RFID readers, retailers can maintain 98-99% inventory accuracy with reduced labor. Because reading items with a handheld reader is 25 times faster than reading with a barcode scanner, retailers can conduct weekly – or even daily – inventory counts without closing up shop.
Fixed Readers Provide Continuous Inventory Visibility
Alternatively, by installing fixed RFID readers and overhead antennas to monitor RFID-tagged items, the system can deliver full-time inventory visibility with limited to no manual counting. Such a system, which has been installed at American Apparel, provides retailers a fully automated inventory process so staff can dedicate more time to customer service and making sales.
RFID is the most efficient tool to automate inventory counting which prevents store closures and lost sales. This is just one of the many reasons hundreds of retailers are adopting RFID. To learn more reasons why, check out our guide, The Top 7 Reasons Retailers Implement RFID.