retailers implement rfid7-reason… · to use rfid-enabled shopping carts and baskets to track...
TRANSCRIPT
RETAILERS IMPLEMENT RFID
This e-book will explain why retailers today are using RFID and why RFID is key to staying ahead in the retail industry
Impinj Knows RFID
Impinj Inc holds 1 market share in the RFID industry for tag chips reader chips and fixed readers Working with a global network of partners Impinj provides high-performing RFID solutions to end users around the world
To learn more about Impinj visit wwwimpinjcom
Larry Arnstein Vice President Business Development Dr Arnstein brings experience in all phases of the technology adoption lifecycle to lead business development for Impinj Prior to Impinj he was the Chief Technology Officer and Founder of Teranode Corp a software company based on technology developed as faculty at the University of Washingtonrsquos Computer Science amp Engineering Department Since 2007 Dr Arnstein has been working closely with retailers and brand owners on adoption of RFID with leadership roles in the GS1 Item Level RFID Initiative an inter-industry group of leading retailers suppliers and solution providers dedicated to quantifying the benefits of RFID and exploring its value and easing adoption for the retail industry
Our Expert
Page 4
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
The race is on in retail Retailers are determined to be the first to deliver the perfect shopping experience to their customers With hundreds of retailers adopting RFID there is clearly an advantage to be gained from this technology
This e-book will present the top 7 reasons why retailers are implementing RFID today
ReadyhellipSethellipGo
Page 5
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
To keep customers returning to your store it is necessary to ensure they can find the items they want Yet Supply Chain Digest reports the retail out-of-stock rate at 178 Close to 18 customers out of every 100 leave unsatisfied
Improving inventory accuracy is key to achieving on-shelf availability Inventory management is not a new retail business problem but in a market where brick and mortar stores compete with online retailers increasing store inventory accuracy has become even more important
1raquo RFID Improves On-Shelf Availability
Some studies have shown that an out-of-stock event results in a lost sale to the retailer 42 of the time and to the supplier 33 of the time
At its most basic RFID makes cycle counting faster so you can do it more often Instead of accumulating inventory errors over a long period of time frequent cycle counting uncovers inventory errors that would lead to lost sales disappointed customers and wasted time
Page 6
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Consider a simple example of a stolen item there is the loss associated with the cost of goods and the loss associated with the subsequent missed sale due to a hidden or frozen out-of-stock But it is even worse because store associates might spend time hunting for an item that is not there while other customers wait RFID can eliminate two out of three of these costs simply by keeping inventory accurate And it can help prevent the theft in the first place too (see 5)
Retailers know that it would take infinite stock to satisfy 100 of their customer demand So out-of-stocks canrsquot be eliminated But research also shows that in some cases 22 or more of out-
Using RFID to eliminate these ldquopreventable out-of-stockrdquo events has delivered anywhere from 2 to 8 net sales increase with the same or lower stock levels
of-stocks are due simply to poor executionmdashfailure to accurately replenish shelves from backroom stocks or distribution centers
Page 7
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Omnichannel is currently the big buzzword in retail and with good reason The omnichannel shopper spends 15-30 more shows strong brand loyalty and advocates for your brand influencing other shoppers through social media reviews etc
2raquo RFID Enables Omnichannel Retailing
This shopper has a desire to shop anytime anywhere anyhow and is likely to use her mobile phone to find out whatrsquos in stock You canrsquot satisfy this savvy shopper with poor inventory data
Page 8
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID provides the backbone of omnichannel retailing by giving retailers the highest possible inventory accuracy RFID can be used to track products throughout multiple stores and distribution centers and gives retailers accurate up-to-date inventory information about product location and status Having the inventory confidence that RFID provides allows the retailer to treat their chain-wide inventory as a source from which to supply patrons that are using a variety of different shopping channels Benefits abound including high on-time fulfillment rates optimized fulfillment costs reduction in missed sales longer full price selling season and enhanced customer services RFID can mean the difference between running an omnichannel program and running one profitably
Wersquove spent the last 153 years building warehouses we just called them storesrdquo Peter Sachse Chief Stores Officer Macyrsquos
Page 9
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
In order to improve on-shelf availability (1) and enable omnichannel retailing (2) it is important to have extremely accurate inventory-taking processes Accurate inventory is also key to improving staff utilization Poor inventory accuracy contributes to inefficient staff utilization in two main ways
3raquo RFID Improves Staff Utilization
First as employees learn to distrust inventory data they are less likely to search diligently for that one item that a shopper wants Ironically this may be a good thing because an employee who trusts bad inventory data will spend time searching for products that are not actually available When that happens they are burning that shopperrsquos limited time-budget while other wait
Simply adding labor to take inventory more frequently is not the way to get better inventory accuracy human error is still likely and constant inventorying and searching for missing products keeps employees from their other duties
Second retrieving an item from back stock that should have already been on the floor is a major time waster for the associate and the customer A customerrsquos perception of service has to do with whether or not the service is there when they need it If the need is less frequent a store can deliver a higher perceived level of service with a smaller staff
This is where RFID comes in
Page 10
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Cycle counting with an RFID handheld reader is 25 times faster than barcode reading so it can be done frequently by store associates as part of normal operations Additionally RFID-enabled inventory generates more accurate inventory data and thus eliminates time wasted by employees looking for items that are no longer in the store The benefits of RFID-enabled inventory are significant Stores have reported that the introduction of RFID technology
Increased sales up to 15 Reduced labor for inventory-taking up to hundreds of
hours per month Resulted in 98ndash99 inventory accuracy rates
With RFID retailers can assign staff to more meaningful value-added tasks such as customer service while simultaneously getting more inventory accuracy
Page 11
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Many retailers use point of sale (POS) data to look for trends in sales and product popularity and adapt their businesses strategies accordingly The problem with this is that POS data is a weak analytical tool if you do not have good operational visibility
Are poor sales due to inadequate replenishment or lack of customer interest Is poor performance of a product due to poor execution or poor planning Was merchandise delivered to the store but not properly displayed Is merchandise languishing in back stock
4raquo RFID Provides Accurate Data for Planning amp Optimization
Page 12
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Instead of just being able to see which products sold and guess why others did not RFID-enabled inventory provides product location and quantity information over time With RFID management is able to analyze product sales in conjunction with store operations to understand why sales trends are occurring For instance declining sales of a particular product may be linked to its movement to a less-accessible display or failure to properly replenish it on shelves Some retailers are even beginning to use RFID-enabled shopping carts and baskets to track customer flow and see which displays and products generate the most customer interest dwell time and purchases
Analyzing POS data along with RFID-generated product-tracking data and customer-tracking data allows retailers to learn from their mistakes plan ahead more accurately forecast trends and optimize their business operations to generate more sales
Page 13
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID complements traditional security technologies Item level tagging increases the visibility of products in the store greatly decreasing item loss and making it easier to detect theft Frequent counting and item level tagging also sends a clear message of accountability to employees and managers which also contributes to theft prevention One retailer saw dramatic reductions in internal theft after their RFID system was deployed This retailer suggests that tagging every item with RFID and frequently inventorying products causes employees to understand that every item in the store has value and will be accounted for
5raquo RFID Prevents Loss amp Theft
Global theft costs retailers $105 billion a year plus $25 billion spent annually to combat the problem
RFID Monthly
RFID also allows for more advanced forms of security including zonal monitoring and situational awareness Silent alarms can be raised when expensive merchandise is on the move and electronic products can be rendered inoperable until and unless they go through the proper point of sale process Security video indexing and searching is also possible with RFID
Page 14
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Retailers are not the only ones who benefit from the implementation of RFID systems RFID solutions can be used to improve the shopping experience for consumers For instance many retailers have installed RFID-triggered displays that provide customers with information about the items they have selected In the case of Common People a shop in Mexico City when shoppers hang their selected clothing in the dressing room or try on a pair of sunglasses information about the product including the cost designer and suggested accessories pops up on a touch screen
6raquo RFID Improves Customer Experience
Other retailers have used RFID-enabled customer loyalty cards to keep track of frequency of patronage and offer personalized rewards Even without the addition of these RFID capabilities a very basic RFID application that improves inventory accuracy also improves customer experience Better organization and fewer out-of-stock items makes a store more reliable and customers more satisfied and likely to shop there
Page 15
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
7raquo RFID Improves Supply Chain Visibility
With RFID management can monitor products from the point that they receive them until the point of sale Because managers are able to see the way goods move within the store they are able to streamline store operations by holding store personnel accountable for key functions such as accurate and timely replenishment correct shelving and loss prevention They are also able to clearly see what practices result in disorganization and product loss and thus come up with more efficient asset management strategies As a consequence of this improved supply chain visibility retailers learn how to use less capital and fewer resources to complete each customer sale
Page 16
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Survival in the marketplace depends on a companyrsquos ability to innovate and stay competitive Using outdated inefficient processes like manual and barcode-enabled inventory means that a company is wasting time and resources and that its services are consequently more expensive and slower than its competitors To stay ahead retailers have to automate their inventories and RFID is the most efficient tool with which to do so
RFID Wins the Race
RFID is a very flexible technology It can be configured and adapted infinitely providing myriad benefits while allowing retailers to address the strategy that best fits their organization
LEARN MORE RFID technology can help retailers
improve business operations and stay competitive in todayrsquos world Click here to try the Impinj Store
Performance Simulator and see how RFID can benefit your business
Click here to read about innovative RFID retail applications in use today
- Slide Number 1
- Slide Number 2
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Slide Number 13
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
-
Impinj Knows RFID
Impinj Inc holds 1 market share in the RFID industry for tag chips reader chips and fixed readers Working with a global network of partners Impinj provides high-performing RFID solutions to end users around the world
To learn more about Impinj visit wwwimpinjcom
Larry Arnstein Vice President Business Development Dr Arnstein brings experience in all phases of the technology adoption lifecycle to lead business development for Impinj Prior to Impinj he was the Chief Technology Officer and Founder of Teranode Corp a software company based on technology developed as faculty at the University of Washingtonrsquos Computer Science amp Engineering Department Since 2007 Dr Arnstein has been working closely with retailers and brand owners on adoption of RFID with leadership roles in the GS1 Item Level RFID Initiative an inter-industry group of leading retailers suppliers and solution providers dedicated to quantifying the benefits of RFID and exploring its value and easing adoption for the retail industry
Our Expert
Page 4
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
The race is on in retail Retailers are determined to be the first to deliver the perfect shopping experience to their customers With hundreds of retailers adopting RFID there is clearly an advantage to be gained from this technology
This e-book will present the top 7 reasons why retailers are implementing RFID today
ReadyhellipSethellipGo
Page 5
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
To keep customers returning to your store it is necessary to ensure they can find the items they want Yet Supply Chain Digest reports the retail out-of-stock rate at 178 Close to 18 customers out of every 100 leave unsatisfied
Improving inventory accuracy is key to achieving on-shelf availability Inventory management is not a new retail business problem but in a market where brick and mortar stores compete with online retailers increasing store inventory accuracy has become even more important
1raquo RFID Improves On-Shelf Availability
Some studies have shown that an out-of-stock event results in a lost sale to the retailer 42 of the time and to the supplier 33 of the time
At its most basic RFID makes cycle counting faster so you can do it more often Instead of accumulating inventory errors over a long period of time frequent cycle counting uncovers inventory errors that would lead to lost sales disappointed customers and wasted time
Page 6
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Consider a simple example of a stolen item there is the loss associated with the cost of goods and the loss associated with the subsequent missed sale due to a hidden or frozen out-of-stock But it is even worse because store associates might spend time hunting for an item that is not there while other customers wait RFID can eliminate two out of three of these costs simply by keeping inventory accurate And it can help prevent the theft in the first place too (see 5)
Retailers know that it would take infinite stock to satisfy 100 of their customer demand So out-of-stocks canrsquot be eliminated But research also shows that in some cases 22 or more of out-
Using RFID to eliminate these ldquopreventable out-of-stockrdquo events has delivered anywhere from 2 to 8 net sales increase with the same or lower stock levels
of-stocks are due simply to poor executionmdashfailure to accurately replenish shelves from backroom stocks or distribution centers
Page 7
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Omnichannel is currently the big buzzword in retail and with good reason The omnichannel shopper spends 15-30 more shows strong brand loyalty and advocates for your brand influencing other shoppers through social media reviews etc
2raquo RFID Enables Omnichannel Retailing
This shopper has a desire to shop anytime anywhere anyhow and is likely to use her mobile phone to find out whatrsquos in stock You canrsquot satisfy this savvy shopper with poor inventory data
Page 8
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID provides the backbone of omnichannel retailing by giving retailers the highest possible inventory accuracy RFID can be used to track products throughout multiple stores and distribution centers and gives retailers accurate up-to-date inventory information about product location and status Having the inventory confidence that RFID provides allows the retailer to treat their chain-wide inventory as a source from which to supply patrons that are using a variety of different shopping channels Benefits abound including high on-time fulfillment rates optimized fulfillment costs reduction in missed sales longer full price selling season and enhanced customer services RFID can mean the difference between running an omnichannel program and running one profitably
Wersquove spent the last 153 years building warehouses we just called them storesrdquo Peter Sachse Chief Stores Officer Macyrsquos
Page 9
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
In order to improve on-shelf availability (1) and enable omnichannel retailing (2) it is important to have extremely accurate inventory-taking processes Accurate inventory is also key to improving staff utilization Poor inventory accuracy contributes to inefficient staff utilization in two main ways
3raquo RFID Improves Staff Utilization
First as employees learn to distrust inventory data they are less likely to search diligently for that one item that a shopper wants Ironically this may be a good thing because an employee who trusts bad inventory data will spend time searching for products that are not actually available When that happens they are burning that shopperrsquos limited time-budget while other wait
Simply adding labor to take inventory more frequently is not the way to get better inventory accuracy human error is still likely and constant inventorying and searching for missing products keeps employees from their other duties
Second retrieving an item from back stock that should have already been on the floor is a major time waster for the associate and the customer A customerrsquos perception of service has to do with whether or not the service is there when they need it If the need is less frequent a store can deliver a higher perceived level of service with a smaller staff
This is where RFID comes in
Page 10
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Cycle counting with an RFID handheld reader is 25 times faster than barcode reading so it can be done frequently by store associates as part of normal operations Additionally RFID-enabled inventory generates more accurate inventory data and thus eliminates time wasted by employees looking for items that are no longer in the store The benefits of RFID-enabled inventory are significant Stores have reported that the introduction of RFID technology
Increased sales up to 15 Reduced labor for inventory-taking up to hundreds of
hours per month Resulted in 98ndash99 inventory accuracy rates
With RFID retailers can assign staff to more meaningful value-added tasks such as customer service while simultaneously getting more inventory accuracy
Page 11
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Many retailers use point of sale (POS) data to look for trends in sales and product popularity and adapt their businesses strategies accordingly The problem with this is that POS data is a weak analytical tool if you do not have good operational visibility
Are poor sales due to inadequate replenishment or lack of customer interest Is poor performance of a product due to poor execution or poor planning Was merchandise delivered to the store but not properly displayed Is merchandise languishing in back stock
4raquo RFID Provides Accurate Data for Planning amp Optimization
Page 12
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Instead of just being able to see which products sold and guess why others did not RFID-enabled inventory provides product location and quantity information over time With RFID management is able to analyze product sales in conjunction with store operations to understand why sales trends are occurring For instance declining sales of a particular product may be linked to its movement to a less-accessible display or failure to properly replenish it on shelves Some retailers are even beginning to use RFID-enabled shopping carts and baskets to track customer flow and see which displays and products generate the most customer interest dwell time and purchases
Analyzing POS data along with RFID-generated product-tracking data and customer-tracking data allows retailers to learn from their mistakes plan ahead more accurately forecast trends and optimize their business operations to generate more sales
Page 13
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID complements traditional security technologies Item level tagging increases the visibility of products in the store greatly decreasing item loss and making it easier to detect theft Frequent counting and item level tagging also sends a clear message of accountability to employees and managers which also contributes to theft prevention One retailer saw dramatic reductions in internal theft after their RFID system was deployed This retailer suggests that tagging every item with RFID and frequently inventorying products causes employees to understand that every item in the store has value and will be accounted for
5raquo RFID Prevents Loss amp Theft
Global theft costs retailers $105 billion a year plus $25 billion spent annually to combat the problem
RFID Monthly
RFID also allows for more advanced forms of security including zonal monitoring and situational awareness Silent alarms can be raised when expensive merchandise is on the move and electronic products can be rendered inoperable until and unless they go through the proper point of sale process Security video indexing and searching is also possible with RFID
Page 14
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Retailers are not the only ones who benefit from the implementation of RFID systems RFID solutions can be used to improve the shopping experience for consumers For instance many retailers have installed RFID-triggered displays that provide customers with information about the items they have selected In the case of Common People a shop in Mexico City when shoppers hang their selected clothing in the dressing room or try on a pair of sunglasses information about the product including the cost designer and suggested accessories pops up on a touch screen
6raquo RFID Improves Customer Experience
Other retailers have used RFID-enabled customer loyalty cards to keep track of frequency of patronage and offer personalized rewards Even without the addition of these RFID capabilities a very basic RFID application that improves inventory accuracy also improves customer experience Better organization and fewer out-of-stock items makes a store more reliable and customers more satisfied and likely to shop there
Page 15
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
7raquo RFID Improves Supply Chain Visibility
With RFID management can monitor products from the point that they receive them until the point of sale Because managers are able to see the way goods move within the store they are able to streamline store operations by holding store personnel accountable for key functions such as accurate and timely replenishment correct shelving and loss prevention They are also able to clearly see what practices result in disorganization and product loss and thus come up with more efficient asset management strategies As a consequence of this improved supply chain visibility retailers learn how to use less capital and fewer resources to complete each customer sale
Page 16
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Survival in the marketplace depends on a companyrsquos ability to innovate and stay competitive Using outdated inefficient processes like manual and barcode-enabled inventory means that a company is wasting time and resources and that its services are consequently more expensive and slower than its competitors To stay ahead retailers have to automate their inventories and RFID is the most efficient tool with which to do so
RFID Wins the Race
RFID is a very flexible technology It can be configured and adapted infinitely providing myriad benefits while allowing retailers to address the strategy that best fits their organization
LEARN MORE RFID technology can help retailers
improve business operations and stay competitive in todayrsquos world Click here to try the Impinj Store
Performance Simulator and see how RFID can benefit your business
Click here to read about innovative RFID retail applications in use today
- Slide Number 1
- Slide Number 2
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Slide Number 13
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
-
Larry Arnstein Vice President Business Development Dr Arnstein brings experience in all phases of the technology adoption lifecycle to lead business development for Impinj Prior to Impinj he was the Chief Technology Officer and Founder of Teranode Corp a software company based on technology developed as faculty at the University of Washingtonrsquos Computer Science amp Engineering Department Since 2007 Dr Arnstein has been working closely with retailers and brand owners on adoption of RFID with leadership roles in the GS1 Item Level RFID Initiative an inter-industry group of leading retailers suppliers and solution providers dedicated to quantifying the benefits of RFID and exploring its value and easing adoption for the retail industry
Our Expert
Page 4
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
The race is on in retail Retailers are determined to be the first to deliver the perfect shopping experience to their customers With hundreds of retailers adopting RFID there is clearly an advantage to be gained from this technology
This e-book will present the top 7 reasons why retailers are implementing RFID today
ReadyhellipSethellipGo
Page 5
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
To keep customers returning to your store it is necessary to ensure they can find the items they want Yet Supply Chain Digest reports the retail out-of-stock rate at 178 Close to 18 customers out of every 100 leave unsatisfied
Improving inventory accuracy is key to achieving on-shelf availability Inventory management is not a new retail business problem but in a market where brick and mortar stores compete with online retailers increasing store inventory accuracy has become even more important
1raquo RFID Improves On-Shelf Availability
Some studies have shown that an out-of-stock event results in a lost sale to the retailer 42 of the time and to the supplier 33 of the time
At its most basic RFID makes cycle counting faster so you can do it more often Instead of accumulating inventory errors over a long period of time frequent cycle counting uncovers inventory errors that would lead to lost sales disappointed customers and wasted time
Page 6
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Consider a simple example of a stolen item there is the loss associated with the cost of goods and the loss associated with the subsequent missed sale due to a hidden or frozen out-of-stock But it is even worse because store associates might spend time hunting for an item that is not there while other customers wait RFID can eliminate two out of three of these costs simply by keeping inventory accurate And it can help prevent the theft in the first place too (see 5)
Retailers know that it would take infinite stock to satisfy 100 of their customer demand So out-of-stocks canrsquot be eliminated But research also shows that in some cases 22 or more of out-
Using RFID to eliminate these ldquopreventable out-of-stockrdquo events has delivered anywhere from 2 to 8 net sales increase with the same or lower stock levels
of-stocks are due simply to poor executionmdashfailure to accurately replenish shelves from backroom stocks or distribution centers
Page 7
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Omnichannel is currently the big buzzword in retail and with good reason The omnichannel shopper spends 15-30 more shows strong brand loyalty and advocates for your brand influencing other shoppers through social media reviews etc
2raquo RFID Enables Omnichannel Retailing
This shopper has a desire to shop anytime anywhere anyhow and is likely to use her mobile phone to find out whatrsquos in stock You canrsquot satisfy this savvy shopper with poor inventory data
Page 8
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID provides the backbone of omnichannel retailing by giving retailers the highest possible inventory accuracy RFID can be used to track products throughout multiple stores and distribution centers and gives retailers accurate up-to-date inventory information about product location and status Having the inventory confidence that RFID provides allows the retailer to treat their chain-wide inventory as a source from which to supply patrons that are using a variety of different shopping channels Benefits abound including high on-time fulfillment rates optimized fulfillment costs reduction in missed sales longer full price selling season and enhanced customer services RFID can mean the difference between running an omnichannel program and running one profitably
Wersquove spent the last 153 years building warehouses we just called them storesrdquo Peter Sachse Chief Stores Officer Macyrsquos
Page 9
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
In order to improve on-shelf availability (1) and enable omnichannel retailing (2) it is important to have extremely accurate inventory-taking processes Accurate inventory is also key to improving staff utilization Poor inventory accuracy contributes to inefficient staff utilization in two main ways
3raquo RFID Improves Staff Utilization
First as employees learn to distrust inventory data they are less likely to search diligently for that one item that a shopper wants Ironically this may be a good thing because an employee who trusts bad inventory data will spend time searching for products that are not actually available When that happens they are burning that shopperrsquos limited time-budget while other wait
Simply adding labor to take inventory more frequently is not the way to get better inventory accuracy human error is still likely and constant inventorying and searching for missing products keeps employees from their other duties
Second retrieving an item from back stock that should have already been on the floor is a major time waster for the associate and the customer A customerrsquos perception of service has to do with whether or not the service is there when they need it If the need is less frequent a store can deliver a higher perceived level of service with a smaller staff
This is where RFID comes in
Page 10
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Cycle counting with an RFID handheld reader is 25 times faster than barcode reading so it can be done frequently by store associates as part of normal operations Additionally RFID-enabled inventory generates more accurate inventory data and thus eliminates time wasted by employees looking for items that are no longer in the store The benefits of RFID-enabled inventory are significant Stores have reported that the introduction of RFID technology
Increased sales up to 15 Reduced labor for inventory-taking up to hundreds of
hours per month Resulted in 98ndash99 inventory accuracy rates
With RFID retailers can assign staff to more meaningful value-added tasks such as customer service while simultaneously getting more inventory accuracy
Page 11
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Many retailers use point of sale (POS) data to look for trends in sales and product popularity and adapt their businesses strategies accordingly The problem with this is that POS data is a weak analytical tool if you do not have good operational visibility
Are poor sales due to inadequate replenishment or lack of customer interest Is poor performance of a product due to poor execution or poor planning Was merchandise delivered to the store but not properly displayed Is merchandise languishing in back stock
4raquo RFID Provides Accurate Data for Planning amp Optimization
Page 12
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Instead of just being able to see which products sold and guess why others did not RFID-enabled inventory provides product location and quantity information over time With RFID management is able to analyze product sales in conjunction with store operations to understand why sales trends are occurring For instance declining sales of a particular product may be linked to its movement to a less-accessible display or failure to properly replenish it on shelves Some retailers are even beginning to use RFID-enabled shopping carts and baskets to track customer flow and see which displays and products generate the most customer interest dwell time and purchases
Analyzing POS data along with RFID-generated product-tracking data and customer-tracking data allows retailers to learn from their mistakes plan ahead more accurately forecast trends and optimize their business operations to generate more sales
Page 13
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID complements traditional security technologies Item level tagging increases the visibility of products in the store greatly decreasing item loss and making it easier to detect theft Frequent counting and item level tagging also sends a clear message of accountability to employees and managers which also contributes to theft prevention One retailer saw dramatic reductions in internal theft after their RFID system was deployed This retailer suggests that tagging every item with RFID and frequently inventorying products causes employees to understand that every item in the store has value and will be accounted for
5raquo RFID Prevents Loss amp Theft
Global theft costs retailers $105 billion a year plus $25 billion spent annually to combat the problem
RFID Monthly
RFID also allows for more advanced forms of security including zonal monitoring and situational awareness Silent alarms can be raised when expensive merchandise is on the move and electronic products can be rendered inoperable until and unless they go through the proper point of sale process Security video indexing and searching is also possible with RFID
Page 14
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Retailers are not the only ones who benefit from the implementation of RFID systems RFID solutions can be used to improve the shopping experience for consumers For instance many retailers have installed RFID-triggered displays that provide customers with information about the items they have selected In the case of Common People a shop in Mexico City when shoppers hang their selected clothing in the dressing room or try on a pair of sunglasses information about the product including the cost designer and suggested accessories pops up on a touch screen
6raquo RFID Improves Customer Experience
Other retailers have used RFID-enabled customer loyalty cards to keep track of frequency of patronage and offer personalized rewards Even without the addition of these RFID capabilities a very basic RFID application that improves inventory accuracy also improves customer experience Better organization and fewer out-of-stock items makes a store more reliable and customers more satisfied and likely to shop there
Page 15
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
7raquo RFID Improves Supply Chain Visibility
With RFID management can monitor products from the point that they receive them until the point of sale Because managers are able to see the way goods move within the store they are able to streamline store operations by holding store personnel accountable for key functions such as accurate and timely replenishment correct shelving and loss prevention They are also able to clearly see what practices result in disorganization and product loss and thus come up with more efficient asset management strategies As a consequence of this improved supply chain visibility retailers learn how to use less capital and fewer resources to complete each customer sale
Page 16
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Survival in the marketplace depends on a companyrsquos ability to innovate and stay competitive Using outdated inefficient processes like manual and barcode-enabled inventory means that a company is wasting time and resources and that its services are consequently more expensive and slower than its competitors To stay ahead retailers have to automate their inventories and RFID is the most efficient tool with which to do so
RFID Wins the Race
RFID is a very flexible technology It can be configured and adapted infinitely providing myriad benefits while allowing retailers to address the strategy that best fits their organization
LEARN MORE RFID technology can help retailers
improve business operations and stay competitive in todayrsquos world Click here to try the Impinj Store
Performance Simulator and see how RFID can benefit your business
Click here to read about innovative RFID retail applications in use today
- Slide Number 1
- Slide Number 2
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Slide Number 13
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
-
Page 4
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
The race is on in retail Retailers are determined to be the first to deliver the perfect shopping experience to their customers With hundreds of retailers adopting RFID there is clearly an advantage to be gained from this technology
This e-book will present the top 7 reasons why retailers are implementing RFID today
ReadyhellipSethellipGo
Page 5
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
To keep customers returning to your store it is necessary to ensure they can find the items they want Yet Supply Chain Digest reports the retail out-of-stock rate at 178 Close to 18 customers out of every 100 leave unsatisfied
Improving inventory accuracy is key to achieving on-shelf availability Inventory management is not a new retail business problem but in a market where brick and mortar stores compete with online retailers increasing store inventory accuracy has become even more important
1raquo RFID Improves On-Shelf Availability
Some studies have shown that an out-of-stock event results in a lost sale to the retailer 42 of the time and to the supplier 33 of the time
At its most basic RFID makes cycle counting faster so you can do it more often Instead of accumulating inventory errors over a long period of time frequent cycle counting uncovers inventory errors that would lead to lost sales disappointed customers and wasted time
Page 6
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Consider a simple example of a stolen item there is the loss associated with the cost of goods and the loss associated with the subsequent missed sale due to a hidden or frozen out-of-stock But it is even worse because store associates might spend time hunting for an item that is not there while other customers wait RFID can eliminate two out of three of these costs simply by keeping inventory accurate And it can help prevent the theft in the first place too (see 5)
Retailers know that it would take infinite stock to satisfy 100 of their customer demand So out-of-stocks canrsquot be eliminated But research also shows that in some cases 22 or more of out-
Using RFID to eliminate these ldquopreventable out-of-stockrdquo events has delivered anywhere from 2 to 8 net sales increase with the same or lower stock levels
of-stocks are due simply to poor executionmdashfailure to accurately replenish shelves from backroom stocks or distribution centers
Page 7
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Omnichannel is currently the big buzzword in retail and with good reason The omnichannel shopper spends 15-30 more shows strong brand loyalty and advocates for your brand influencing other shoppers through social media reviews etc
2raquo RFID Enables Omnichannel Retailing
This shopper has a desire to shop anytime anywhere anyhow and is likely to use her mobile phone to find out whatrsquos in stock You canrsquot satisfy this savvy shopper with poor inventory data
Page 8
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID provides the backbone of omnichannel retailing by giving retailers the highest possible inventory accuracy RFID can be used to track products throughout multiple stores and distribution centers and gives retailers accurate up-to-date inventory information about product location and status Having the inventory confidence that RFID provides allows the retailer to treat their chain-wide inventory as a source from which to supply patrons that are using a variety of different shopping channels Benefits abound including high on-time fulfillment rates optimized fulfillment costs reduction in missed sales longer full price selling season and enhanced customer services RFID can mean the difference between running an omnichannel program and running one profitably
Wersquove spent the last 153 years building warehouses we just called them storesrdquo Peter Sachse Chief Stores Officer Macyrsquos
Page 9
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
In order to improve on-shelf availability (1) and enable omnichannel retailing (2) it is important to have extremely accurate inventory-taking processes Accurate inventory is also key to improving staff utilization Poor inventory accuracy contributes to inefficient staff utilization in two main ways
3raquo RFID Improves Staff Utilization
First as employees learn to distrust inventory data they are less likely to search diligently for that one item that a shopper wants Ironically this may be a good thing because an employee who trusts bad inventory data will spend time searching for products that are not actually available When that happens they are burning that shopperrsquos limited time-budget while other wait
Simply adding labor to take inventory more frequently is not the way to get better inventory accuracy human error is still likely and constant inventorying and searching for missing products keeps employees from their other duties
Second retrieving an item from back stock that should have already been on the floor is a major time waster for the associate and the customer A customerrsquos perception of service has to do with whether or not the service is there when they need it If the need is less frequent a store can deliver a higher perceived level of service with a smaller staff
This is where RFID comes in
Page 10
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Cycle counting with an RFID handheld reader is 25 times faster than barcode reading so it can be done frequently by store associates as part of normal operations Additionally RFID-enabled inventory generates more accurate inventory data and thus eliminates time wasted by employees looking for items that are no longer in the store The benefits of RFID-enabled inventory are significant Stores have reported that the introduction of RFID technology
Increased sales up to 15 Reduced labor for inventory-taking up to hundreds of
hours per month Resulted in 98ndash99 inventory accuracy rates
With RFID retailers can assign staff to more meaningful value-added tasks such as customer service while simultaneously getting more inventory accuracy
Page 11
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Many retailers use point of sale (POS) data to look for trends in sales and product popularity and adapt their businesses strategies accordingly The problem with this is that POS data is a weak analytical tool if you do not have good operational visibility
Are poor sales due to inadequate replenishment or lack of customer interest Is poor performance of a product due to poor execution or poor planning Was merchandise delivered to the store but not properly displayed Is merchandise languishing in back stock
4raquo RFID Provides Accurate Data for Planning amp Optimization
Page 12
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Instead of just being able to see which products sold and guess why others did not RFID-enabled inventory provides product location and quantity information over time With RFID management is able to analyze product sales in conjunction with store operations to understand why sales trends are occurring For instance declining sales of a particular product may be linked to its movement to a less-accessible display or failure to properly replenish it on shelves Some retailers are even beginning to use RFID-enabled shopping carts and baskets to track customer flow and see which displays and products generate the most customer interest dwell time and purchases
Analyzing POS data along with RFID-generated product-tracking data and customer-tracking data allows retailers to learn from their mistakes plan ahead more accurately forecast trends and optimize their business operations to generate more sales
Page 13
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID complements traditional security technologies Item level tagging increases the visibility of products in the store greatly decreasing item loss and making it easier to detect theft Frequent counting and item level tagging also sends a clear message of accountability to employees and managers which also contributes to theft prevention One retailer saw dramatic reductions in internal theft after their RFID system was deployed This retailer suggests that tagging every item with RFID and frequently inventorying products causes employees to understand that every item in the store has value and will be accounted for
5raquo RFID Prevents Loss amp Theft
Global theft costs retailers $105 billion a year plus $25 billion spent annually to combat the problem
RFID Monthly
RFID also allows for more advanced forms of security including zonal monitoring and situational awareness Silent alarms can be raised when expensive merchandise is on the move and electronic products can be rendered inoperable until and unless they go through the proper point of sale process Security video indexing and searching is also possible with RFID
Page 14
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Retailers are not the only ones who benefit from the implementation of RFID systems RFID solutions can be used to improve the shopping experience for consumers For instance many retailers have installed RFID-triggered displays that provide customers with information about the items they have selected In the case of Common People a shop in Mexico City when shoppers hang their selected clothing in the dressing room or try on a pair of sunglasses information about the product including the cost designer and suggested accessories pops up on a touch screen
6raquo RFID Improves Customer Experience
Other retailers have used RFID-enabled customer loyalty cards to keep track of frequency of patronage and offer personalized rewards Even without the addition of these RFID capabilities a very basic RFID application that improves inventory accuracy also improves customer experience Better organization and fewer out-of-stock items makes a store more reliable and customers more satisfied and likely to shop there
Page 15
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
7raquo RFID Improves Supply Chain Visibility
With RFID management can monitor products from the point that they receive them until the point of sale Because managers are able to see the way goods move within the store they are able to streamline store operations by holding store personnel accountable for key functions such as accurate and timely replenishment correct shelving and loss prevention They are also able to clearly see what practices result in disorganization and product loss and thus come up with more efficient asset management strategies As a consequence of this improved supply chain visibility retailers learn how to use less capital and fewer resources to complete each customer sale
Page 16
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Survival in the marketplace depends on a companyrsquos ability to innovate and stay competitive Using outdated inefficient processes like manual and barcode-enabled inventory means that a company is wasting time and resources and that its services are consequently more expensive and slower than its competitors To stay ahead retailers have to automate their inventories and RFID is the most efficient tool with which to do so
RFID Wins the Race
RFID is a very flexible technology It can be configured and adapted infinitely providing myriad benefits while allowing retailers to address the strategy that best fits their organization
LEARN MORE RFID technology can help retailers
improve business operations and stay competitive in todayrsquos world Click here to try the Impinj Store
Performance Simulator and see how RFID can benefit your business
Click here to read about innovative RFID retail applications in use today
- Slide Number 1
- Slide Number 2
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Slide Number 13
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
-
Page 5
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
To keep customers returning to your store it is necessary to ensure they can find the items they want Yet Supply Chain Digest reports the retail out-of-stock rate at 178 Close to 18 customers out of every 100 leave unsatisfied
Improving inventory accuracy is key to achieving on-shelf availability Inventory management is not a new retail business problem but in a market where brick and mortar stores compete with online retailers increasing store inventory accuracy has become even more important
1raquo RFID Improves On-Shelf Availability
Some studies have shown that an out-of-stock event results in a lost sale to the retailer 42 of the time and to the supplier 33 of the time
At its most basic RFID makes cycle counting faster so you can do it more often Instead of accumulating inventory errors over a long period of time frequent cycle counting uncovers inventory errors that would lead to lost sales disappointed customers and wasted time
Page 6
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Consider a simple example of a stolen item there is the loss associated with the cost of goods and the loss associated with the subsequent missed sale due to a hidden or frozen out-of-stock But it is even worse because store associates might spend time hunting for an item that is not there while other customers wait RFID can eliminate two out of three of these costs simply by keeping inventory accurate And it can help prevent the theft in the first place too (see 5)
Retailers know that it would take infinite stock to satisfy 100 of their customer demand So out-of-stocks canrsquot be eliminated But research also shows that in some cases 22 or more of out-
Using RFID to eliminate these ldquopreventable out-of-stockrdquo events has delivered anywhere from 2 to 8 net sales increase with the same or lower stock levels
of-stocks are due simply to poor executionmdashfailure to accurately replenish shelves from backroom stocks or distribution centers
Page 7
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Omnichannel is currently the big buzzword in retail and with good reason The omnichannel shopper spends 15-30 more shows strong brand loyalty and advocates for your brand influencing other shoppers through social media reviews etc
2raquo RFID Enables Omnichannel Retailing
This shopper has a desire to shop anytime anywhere anyhow and is likely to use her mobile phone to find out whatrsquos in stock You canrsquot satisfy this savvy shopper with poor inventory data
Page 8
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID provides the backbone of omnichannel retailing by giving retailers the highest possible inventory accuracy RFID can be used to track products throughout multiple stores and distribution centers and gives retailers accurate up-to-date inventory information about product location and status Having the inventory confidence that RFID provides allows the retailer to treat their chain-wide inventory as a source from which to supply patrons that are using a variety of different shopping channels Benefits abound including high on-time fulfillment rates optimized fulfillment costs reduction in missed sales longer full price selling season and enhanced customer services RFID can mean the difference between running an omnichannel program and running one profitably
Wersquove spent the last 153 years building warehouses we just called them storesrdquo Peter Sachse Chief Stores Officer Macyrsquos
Page 9
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
In order to improve on-shelf availability (1) and enable omnichannel retailing (2) it is important to have extremely accurate inventory-taking processes Accurate inventory is also key to improving staff utilization Poor inventory accuracy contributes to inefficient staff utilization in two main ways
3raquo RFID Improves Staff Utilization
First as employees learn to distrust inventory data they are less likely to search diligently for that one item that a shopper wants Ironically this may be a good thing because an employee who trusts bad inventory data will spend time searching for products that are not actually available When that happens they are burning that shopperrsquos limited time-budget while other wait
Simply adding labor to take inventory more frequently is not the way to get better inventory accuracy human error is still likely and constant inventorying and searching for missing products keeps employees from their other duties
Second retrieving an item from back stock that should have already been on the floor is a major time waster for the associate and the customer A customerrsquos perception of service has to do with whether or not the service is there when they need it If the need is less frequent a store can deliver a higher perceived level of service with a smaller staff
This is where RFID comes in
Page 10
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Cycle counting with an RFID handheld reader is 25 times faster than barcode reading so it can be done frequently by store associates as part of normal operations Additionally RFID-enabled inventory generates more accurate inventory data and thus eliminates time wasted by employees looking for items that are no longer in the store The benefits of RFID-enabled inventory are significant Stores have reported that the introduction of RFID technology
Increased sales up to 15 Reduced labor for inventory-taking up to hundreds of
hours per month Resulted in 98ndash99 inventory accuracy rates
With RFID retailers can assign staff to more meaningful value-added tasks such as customer service while simultaneously getting more inventory accuracy
Page 11
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Many retailers use point of sale (POS) data to look for trends in sales and product popularity and adapt their businesses strategies accordingly The problem with this is that POS data is a weak analytical tool if you do not have good operational visibility
Are poor sales due to inadequate replenishment or lack of customer interest Is poor performance of a product due to poor execution or poor planning Was merchandise delivered to the store but not properly displayed Is merchandise languishing in back stock
4raquo RFID Provides Accurate Data for Planning amp Optimization
Page 12
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Instead of just being able to see which products sold and guess why others did not RFID-enabled inventory provides product location and quantity information over time With RFID management is able to analyze product sales in conjunction with store operations to understand why sales trends are occurring For instance declining sales of a particular product may be linked to its movement to a less-accessible display or failure to properly replenish it on shelves Some retailers are even beginning to use RFID-enabled shopping carts and baskets to track customer flow and see which displays and products generate the most customer interest dwell time and purchases
Analyzing POS data along with RFID-generated product-tracking data and customer-tracking data allows retailers to learn from their mistakes plan ahead more accurately forecast trends and optimize their business operations to generate more sales
Page 13
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID complements traditional security technologies Item level tagging increases the visibility of products in the store greatly decreasing item loss and making it easier to detect theft Frequent counting and item level tagging also sends a clear message of accountability to employees and managers which also contributes to theft prevention One retailer saw dramatic reductions in internal theft after their RFID system was deployed This retailer suggests that tagging every item with RFID and frequently inventorying products causes employees to understand that every item in the store has value and will be accounted for
5raquo RFID Prevents Loss amp Theft
Global theft costs retailers $105 billion a year plus $25 billion spent annually to combat the problem
RFID Monthly
RFID also allows for more advanced forms of security including zonal monitoring and situational awareness Silent alarms can be raised when expensive merchandise is on the move and electronic products can be rendered inoperable until and unless they go through the proper point of sale process Security video indexing and searching is also possible with RFID
Page 14
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Retailers are not the only ones who benefit from the implementation of RFID systems RFID solutions can be used to improve the shopping experience for consumers For instance many retailers have installed RFID-triggered displays that provide customers with information about the items they have selected In the case of Common People a shop in Mexico City when shoppers hang their selected clothing in the dressing room or try on a pair of sunglasses information about the product including the cost designer and suggested accessories pops up on a touch screen
6raquo RFID Improves Customer Experience
Other retailers have used RFID-enabled customer loyalty cards to keep track of frequency of patronage and offer personalized rewards Even without the addition of these RFID capabilities a very basic RFID application that improves inventory accuracy also improves customer experience Better organization and fewer out-of-stock items makes a store more reliable and customers more satisfied and likely to shop there
Page 15
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
7raquo RFID Improves Supply Chain Visibility
With RFID management can monitor products from the point that they receive them until the point of sale Because managers are able to see the way goods move within the store they are able to streamline store operations by holding store personnel accountable for key functions such as accurate and timely replenishment correct shelving and loss prevention They are also able to clearly see what practices result in disorganization and product loss and thus come up with more efficient asset management strategies As a consequence of this improved supply chain visibility retailers learn how to use less capital and fewer resources to complete each customer sale
Page 16
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Survival in the marketplace depends on a companyrsquos ability to innovate and stay competitive Using outdated inefficient processes like manual and barcode-enabled inventory means that a company is wasting time and resources and that its services are consequently more expensive and slower than its competitors To stay ahead retailers have to automate their inventories and RFID is the most efficient tool with which to do so
RFID Wins the Race
RFID is a very flexible technology It can be configured and adapted infinitely providing myriad benefits while allowing retailers to address the strategy that best fits their organization
LEARN MORE RFID technology can help retailers
improve business operations and stay competitive in todayrsquos world Click here to try the Impinj Store
Performance Simulator and see how RFID can benefit your business
Click here to read about innovative RFID retail applications in use today
- Slide Number 1
- Slide Number 2
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Slide Number 13
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
-
Page 6
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Consider a simple example of a stolen item there is the loss associated with the cost of goods and the loss associated with the subsequent missed sale due to a hidden or frozen out-of-stock But it is even worse because store associates might spend time hunting for an item that is not there while other customers wait RFID can eliminate two out of three of these costs simply by keeping inventory accurate And it can help prevent the theft in the first place too (see 5)
Retailers know that it would take infinite stock to satisfy 100 of their customer demand So out-of-stocks canrsquot be eliminated But research also shows that in some cases 22 or more of out-
Using RFID to eliminate these ldquopreventable out-of-stockrdquo events has delivered anywhere from 2 to 8 net sales increase with the same or lower stock levels
of-stocks are due simply to poor executionmdashfailure to accurately replenish shelves from backroom stocks or distribution centers
Page 7
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Omnichannel is currently the big buzzword in retail and with good reason The omnichannel shopper spends 15-30 more shows strong brand loyalty and advocates for your brand influencing other shoppers through social media reviews etc
2raquo RFID Enables Omnichannel Retailing
This shopper has a desire to shop anytime anywhere anyhow and is likely to use her mobile phone to find out whatrsquos in stock You canrsquot satisfy this savvy shopper with poor inventory data
Page 8
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID provides the backbone of omnichannel retailing by giving retailers the highest possible inventory accuracy RFID can be used to track products throughout multiple stores and distribution centers and gives retailers accurate up-to-date inventory information about product location and status Having the inventory confidence that RFID provides allows the retailer to treat their chain-wide inventory as a source from which to supply patrons that are using a variety of different shopping channels Benefits abound including high on-time fulfillment rates optimized fulfillment costs reduction in missed sales longer full price selling season and enhanced customer services RFID can mean the difference between running an omnichannel program and running one profitably
Wersquove spent the last 153 years building warehouses we just called them storesrdquo Peter Sachse Chief Stores Officer Macyrsquos
Page 9
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
In order to improve on-shelf availability (1) and enable omnichannel retailing (2) it is important to have extremely accurate inventory-taking processes Accurate inventory is also key to improving staff utilization Poor inventory accuracy contributes to inefficient staff utilization in two main ways
3raquo RFID Improves Staff Utilization
First as employees learn to distrust inventory data they are less likely to search diligently for that one item that a shopper wants Ironically this may be a good thing because an employee who trusts bad inventory data will spend time searching for products that are not actually available When that happens they are burning that shopperrsquos limited time-budget while other wait
Simply adding labor to take inventory more frequently is not the way to get better inventory accuracy human error is still likely and constant inventorying and searching for missing products keeps employees from their other duties
Second retrieving an item from back stock that should have already been on the floor is a major time waster for the associate and the customer A customerrsquos perception of service has to do with whether or not the service is there when they need it If the need is less frequent a store can deliver a higher perceived level of service with a smaller staff
This is where RFID comes in
Page 10
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Cycle counting with an RFID handheld reader is 25 times faster than barcode reading so it can be done frequently by store associates as part of normal operations Additionally RFID-enabled inventory generates more accurate inventory data and thus eliminates time wasted by employees looking for items that are no longer in the store The benefits of RFID-enabled inventory are significant Stores have reported that the introduction of RFID technology
Increased sales up to 15 Reduced labor for inventory-taking up to hundreds of
hours per month Resulted in 98ndash99 inventory accuracy rates
With RFID retailers can assign staff to more meaningful value-added tasks such as customer service while simultaneously getting more inventory accuracy
Page 11
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Many retailers use point of sale (POS) data to look for trends in sales and product popularity and adapt their businesses strategies accordingly The problem with this is that POS data is a weak analytical tool if you do not have good operational visibility
Are poor sales due to inadequate replenishment or lack of customer interest Is poor performance of a product due to poor execution or poor planning Was merchandise delivered to the store but not properly displayed Is merchandise languishing in back stock
4raquo RFID Provides Accurate Data for Planning amp Optimization
Page 12
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Instead of just being able to see which products sold and guess why others did not RFID-enabled inventory provides product location and quantity information over time With RFID management is able to analyze product sales in conjunction with store operations to understand why sales trends are occurring For instance declining sales of a particular product may be linked to its movement to a less-accessible display or failure to properly replenish it on shelves Some retailers are even beginning to use RFID-enabled shopping carts and baskets to track customer flow and see which displays and products generate the most customer interest dwell time and purchases
Analyzing POS data along with RFID-generated product-tracking data and customer-tracking data allows retailers to learn from their mistakes plan ahead more accurately forecast trends and optimize their business operations to generate more sales
Page 13
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID complements traditional security technologies Item level tagging increases the visibility of products in the store greatly decreasing item loss and making it easier to detect theft Frequent counting and item level tagging also sends a clear message of accountability to employees and managers which also contributes to theft prevention One retailer saw dramatic reductions in internal theft after their RFID system was deployed This retailer suggests that tagging every item with RFID and frequently inventorying products causes employees to understand that every item in the store has value and will be accounted for
5raquo RFID Prevents Loss amp Theft
Global theft costs retailers $105 billion a year plus $25 billion spent annually to combat the problem
RFID Monthly
RFID also allows for more advanced forms of security including zonal monitoring and situational awareness Silent alarms can be raised when expensive merchandise is on the move and electronic products can be rendered inoperable until and unless they go through the proper point of sale process Security video indexing and searching is also possible with RFID
Page 14
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Retailers are not the only ones who benefit from the implementation of RFID systems RFID solutions can be used to improve the shopping experience for consumers For instance many retailers have installed RFID-triggered displays that provide customers with information about the items they have selected In the case of Common People a shop in Mexico City when shoppers hang their selected clothing in the dressing room or try on a pair of sunglasses information about the product including the cost designer and suggested accessories pops up on a touch screen
6raquo RFID Improves Customer Experience
Other retailers have used RFID-enabled customer loyalty cards to keep track of frequency of patronage and offer personalized rewards Even without the addition of these RFID capabilities a very basic RFID application that improves inventory accuracy also improves customer experience Better organization and fewer out-of-stock items makes a store more reliable and customers more satisfied and likely to shop there
Page 15
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
7raquo RFID Improves Supply Chain Visibility
With RFID management can monitor products from the point that they receive them until the point of sale Because managers are able to see the way goods move within the store they are able to streamline store operations by holding store personnel accountable for key functions such as accurate and timely replenishment correct shelving and loss prevention They are also able to clearly see what practices result in disorganization and product loss and thus come up with more efficient asset management strategies As a consequence of this improved supply chain visibility retailers learn how to use less capital and fewer resources to complete each customer sale
Page 16
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Survival in the marketplace depends on a companyrsquos ability to innovate and stay competitive Using outdated inefficient processes like manual and barcode-enabled inventory means that a company is wasting time and resources and that its services are consequently more expensive and slower than its competitors To stay ahead retailers have to automate their inventories and RFID is the most efficient tool with which to do so
RFID Wins the Race
RFID is a very flexible technology It can be configured and adapted infinitely providing myriad benefits while allowing retailers to address the strategy that best fits their organization
LEARN MORE RFID technology can help retailers
improve business operations and stay competitive in todayrsquos world Click here to try the Impinj Store
Performance Simulator and see how RFID can benefit your business
Click here to read about innovative RFID retail applications in use today
- Slide Number 1
- Slide Number 2
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Slide Number 13
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
-
Page 7
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Omnichannel is currently the big buzzword in retail and with good reason The omnichannel shopper spends 15-30 more shows strong brand loyalty and advocates for your brand influencing other shoppers through social media reviews etc
2raquo RFID Enables Omnichannel Retailing
This shopper has a desire to shop anytime anywhere anyhow and is likely to use her mobile phone to find out whatrsquos in stock You canrsquot satisfy this savvy shopper with poor inventory data
Page 8
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID provides the backbone of omnichannel retailing by giving retailers the highest possible inventory accuracy RFID can be used to track products throughout multiple stores and distribution centers and gives retailers accurate up-to-date inventory information about product location and status Having the inventory confidence that RFID provides allows the retailer to treat their chain-wide inventory as a source from which to supply patrons that are using a variety of different shopping channels Benefits abound including high on-time fulfillment rates optimized fulfillment costs reduction in missed sales longer full price selling season and enhanced customer services RFID can mean the difference between running an omnichannel program and running one profitably
Wersquove spent the last 153 years building warehouses we just called them storesrdquo Peter Sachse Chief Stores Officer Macyrsquos
Page 9
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
In order to improve on-shelf availability (1) and enable omnichannel retailing (2) it is important to have extremely accurate inventory-taking processes Accurate inventory is also key to improving staff utilization Poor inventory accuracy contributes to inefficient staff utilization in two main ways
3raquo RFID Improves Staff Utilization
First as employees learn to distrust inventory data they are less likely to search diligently for that one item that a shopper wants Ironically this may be a good thing because an employee who trusts bad inventory data will spend time searching for products that are not actually available When that happens they are burning that shopperrsquos limited time-budget while other wait
Simply adding labor to take inventory more frequently is not the way to get better inventory accuracy human error is still likely and constant inventorying and searching for missing products keeps employees from their other duties
Second retrieving an item from back stock that should have already been on the floor is a major time waster for the associate and the customer A customerrsquos perception of service has to do with whether or not the service is there when they need it If the need is less frequent a store can deliver a higher perceived level of service with a smaller staff
This is where RFID comes in
Page 10
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Cycle counting with an RFID handheld reader is 25 times faster than barcode reading so it can be done frequently by store associates as part of normal operations Additionally RFID-enabled inventory generates more accurate inventory data and thus eliminates time wasted by employees looking for items that are no longer in the store The benefits of RFID-enabled inventory are significant Stores have reported that the introduction of RFID technology
Increased sales up to 15 Reduced labor for inventory-taking up to hundreds of
hours per month Resulted in 98ndash99 inventory accuracy rates
With RFID retailers can assign staff to more meaningful value-added tasks such as customer service while simultaneously getting more inventory accuracy
Page 11
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Many retailers use point of sale (POS) data to look for trends in sales and product popularity and adapt their businesses strategies accordingly The problem with this is that POS data is a weak analytical tool if you do not have good operational visibility
Are poor sales due to inadequate replenishment or lack of customer interest Is poor performance of a product due to poor execution or poor planning Was merchandise delivered to the store but not properly displayed Is merchandise languishing in back stock
4raquo RFID Provides Accurate Data for Planning amp Optimization
Page 12
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Instead of just being able to see which products sold and guess why others did not RFID-enabled inventory provides product location and quantity information over time With RFID management is able to analyze product sales in conjunction with store operations to understand why sales trends are occurring For instance declining sales of a particular product may be linked to its movement to a less-accessible display or failure to properly replenish it on shelves Some retailers are even beginning to use RFID-enabled shopping carts and baskets to track customer flow and see which displays and products generate the most customer interest dwell time and purchases
Analyzing POS data along with RFID-generated product-tracking data and customer-tracking data allows retailers to learn from their mistakes plan ahead more accurately forecast trends and optimize their business operations to generate more sales
Page 13
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID complements traditional security technologies Item level tagging increases the visibility of products in the store greatly decreasing item loss and making it easier to detect theft Frequent counting and item level tagging also sends a clear message of accountability to employees and managers which also contributes to theft prevention One retailer saw dramatic reductions in internal theft after their RFID system was deployed This retailer suggests that tagging every item with RFID and frequently inventorying products causes employees to understand that every item in the store has value and will be accounted for
5raquo RFID Prevents Loss amp Theft
Global theft costs retailers $105 billion a year plus $25 billion spent annually to combat the problem
RFID Monthly
RFID also allows for more advanced forms of security including zonal monitoring and situational awareness Silent alarms can be raised when expensive merchandise is on the move and electronic products can be rendered inoperable until and unless they go through the proper point of sale process Security video indexing and searching is also possible with RFID
Page 14
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Retailers are not the only ones who benefit from the implementation of RFID systems RFID solutions can be used to improve the shopping experience for consumers For instance many retailers have installed RFID-triggered displays that provide customers with information about the items they have selected In the case of Common People a shop in Mexico City when shoppers hang their selected clothing in the dressing room or try on a pair of sunglasses information about the product including the cost designer and suggested accessories pops up on a touch screen
6raquo RFID Improves Customer Experience
Other retailers have used RFID-enabled customer loyalty cards to keep track of frequency of patronage and offer personalized rewards Even without the addition of these RFID capabilities a very basic RFID application that improves inventory accuracy also improves customer experience Better organization and fewer out-of-stock items makes a store more reliable and customers more satisfied and likely to shop there
Page 15
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
7raquo RFID Improves Supply Chain Visibility
With RFID management can monitor products from the point that they receive them until the point of sale Because managers are able to see the way goods move within the store they are able to streamline store operations by holding store personnel accountable for key functions such as accurate and timely replenishment correct shelving and loss prevention They are also able to clearly see what practices result in disorganization and product loss and thus come up with more efficient asset management strategies As a consequence of this improved supply chain visibility retailers learn how to use less capital and fewer resources to complete each customer sale
Page 16
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Survival in the marketplace depends on a companyrsquos ability to innovate and stay competitive Using outdated inefficient processes like manual and barcode-enabled inventory means that a company is wasting time and resources and that its services are consequently more expensive and slower than its competitors To stay ahead retailers have to automate their inventories and RFID is the most efficient tool with which to do so
RFID Wins the Race
RFID is a very flexible technology It can be configured and adapted infinitely providing myriad benefits while allowing retailers to address the strategy that best fits their organization
LEARN MORE RFID technology can help retailers
improve business operations and stay competitive in todayrsquos world Click here to try the Impinj Store
Performance Simulator and see how RFID can benefit your business
Click here to read about innovative RFID retail applications in use today
- Slide Number 1
- Slide Number 2
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Slide Number 13
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
-
Page 8
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID provides the backbone of omnichannel retailing by giving retailers the highest possible inventory accuracy RFID can be used to track products throughout multiple stores and distribution centers and gives retailers accurate up-to-date inventory information about product location and status Having the inventory confidence that RFID provides allows the retailer to treat their chain-wide inventory as a source from which to supply patrons that are using a variety of different shopping channels Benefits abound including high on-time fulfillment rates optimized fulfillment costs reduction in missed sales longer full price selling season and enhanced customer services RFID can mean the difference between running an omnichannel program and running one profitably
Wersquove spent the last 153 years building warehouses we just called them storesrdquo Peter Sachse Chief Stores Officer Macyrsquos
Page 9
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
In order to improve on-shelf availability (1) and enable omnichannel retailing (2) it is important to have extremely accurate inventory-taking processes Accurate inventory is also key to improving staff utilization Poor inventory accuracy contributes to inefficient staff utilization in two main ways
3raquo RFID Improves Staff Utilization
First as employees learn to distrust inventory data they are less likely to search diligently for that one item that a shopper wants Ironically this may be a good thing because an employee who trusts bad inventory data will spend time searching for products that are not actually available When that happens they are burning that shopperrsquos limited time-budget while other wait
Simply adding labor to take inventory more frequently is not the way to get better inventory accuracy human error is still likely and constant inventorying and searching for missing products keeps employees from their other duties
Second retrieving an item from back stock that should have already been on the floor is a major time waster for the associate and the customer A customerrsquos perception of service has to do with whether or not the service is there when they need it If the need is less frequent a store can deliver a higher perceived level of service with a smaller staff
This is where RFID comes in
Page 10
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Cycle counting with an RFID handheld reader is 25 times faster than barcode reading so it can be done frequently by store associates as part of normal operations Additionally RFID-enabled inventory generates more accurate inventory data and thus eliminates time wasted by employees looking for items that are no longer in the store The benefits of RFID-enabled inventory are significant Stores have reported that the introduction of RFID technology
Increased sales up to 15 Reduced labor for inventory-taking up to hundreds of
hours per month Resulted in 98ndash99 inventory accuracy rates
With RFID retailers can assign staff to more meaningful value-added tasks such as customer service while simultaneously getting more inventory accuracy
Page 11
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Many retailers use point of sale (POS) data to look for trends in sales and product popularity and adapt their businesses strategies accordingly The problem with this is that POS data is a weak analytical tool if you do not have good operational visibility
Are poor sales due to inadequate replenishment or lack of customer interest Is poor performance of a product due to poor execution or poor planning Was merchandise delivered to the store but not properly displayed Is merchandise languishing in back stock
4raquo RFID Provides Accurate Data for Planning amp Optimization
Page 12
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Instead of just being able to see which products sold and guess why others did not RFID-enabled inventory provides product location and quantity information over time With RFID management is able to analyze product sales in conjunction with store operations to understand why sales trends are occurring For instance declining sales of a particular product may be linked to its movement to a less-accessible display or failure to properly replenish it on shelves Some retailers are even beginning to use RFID-enabled shopping carts and baskets to track customer flow and see which displays and products generate the most customer interest dwell time and purchases
Analyzing POS data along with RFID-generated product-tracking data and customer-tracking data allows retailers to learn from their mistakes plan ahead more accurately forecast trends and optimize their business operations to generate more sales
Page 13
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID complements traditional security technologies Item level tagging increases the visibility of products in the store greatly decreasing item loss and making it easier to detect theft Frequent counting and item level tagging also sends a clear message of accountability to employees and managers which also contributes to theft prevention One retailer saw dramatic reductions in internal theft after their RFID system was deployed This retailer suggests that tagging every item with RFID and frequently inventorying products causes employees to understand that every item in the store has value and will be accounted for
5raquo RFID Prevents Loss amp Theft
Global theft costs retailers $105 billion a year plus $25 billion spent annually to combat the problem
RFID Monthly
RFID also allows for more advanced forms of security including zonal monitoring and situational awareness Silent alarms can be raised when expensive merchandise is on the move and electronic products can be rendered inoperable until and unless they go through the proper point of sale process Security video indexing and searching is also possible with RFID
Page 14
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Retailers are not the only ones who benefit from the implementation of RFID systems RFID solutions can be used to improve the shopping experience for consumers For instance many retailers have installed RFID-triggered displays that provide customers with information about the items they have selected In the case of Common People a shop in Mexico City when shoppers hang their selected clothing in the dressing room or try on a pair of sunglasses information about the product including the cost designer and suggested accessories pops up on a touch screen
6raquo RFID Improves Customer Experience
Other retailers have used RFID-enabled customer loyalty cards to keep track of frequency of patronage and offer personalized rewards Even without the addition of these RFID capabilities a very basic RFID application that improves inventory accuracy also improves customer experience Better organization and fewer out-of-stock items makes a store more reliable and customers more satisfied and likely to shop there
Page 15
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
7raquo RFID Improves Supply Chain Visibility
With RFID management can monitor products from the point that they receive them until the point of sale Because managers are able to see the way goods move within the store they are able to streamline store operations by holding store personnel accountable for key functions such as accurate and timely replenishment correct shelving and loss prevention They are also able to clearly see what practices result in disorganization and product loss and thus come up with more efficient asset management strategies As a consequence of this improved supply chain visibility retailers learn how to use less capital and fewer resources to complete each customer sale
Page 16
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Survival in the marketplace depends on a companyrsquos ability to innovate and stay competitive Using outdated inefficient processes like manual and barcode-enabled inventory means that a company is wasting time and resources and that its services are consequently more expensive and slower than its competitors To stay ahead retailers have to automate their inventories and RFID is the most efficient tool with which to do so
RFID Wins the Race
RFID is a very flexible technology It can be configured and adapted infinitely providing myriad benefits while allowing retailers to address the strategy that best fits their organization
LEARN MORE RFID technology can help retailers
improve business operations and stay competitive in todayrsquos world Click here to try the Impinj Store
Performance Simulator and see how RFID can benefit your business
Click here to read about innovative RFID retail applications in use today
- Slide Number 1
- Slide Number 2
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Slide Number 13
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
-
Page 9
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
In order to improve on-shelf availability (1) and enable omnichannel retailing (2) it is important to have extremely accurate inventory-taking processes Accurate inventory is also key to improving staff utilization Poor inventory accuracy contributes to inefficient staff utilization in two main ways
3raquo RFID Improves Staff Utilization
First as employees learn to distrust inventory data they are less likely to search diligently for that one item that a shopper wants Ironically this may be a good thing because an employee who trusts bad inventory data will spend time searching for products that are not actually available When that happens they are burning that shopperrsquos limited time-budget while other wait
Simply adding labor to take inventory more frequently is not the way to get better inventory accuracy human error is still likely and constant inventorying and searching for missing products keeps employees from their other duties
Second retrieving an item from back stock that should have already been on the floor is a major time waster for the associate and the customer A customerrsquos perception of service has to do with whether or not the service is there when they need it If the need is less frequent a store can deliver a higher perceived level of service with a smaller staff
This is where RFID comes in
Page 10
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Cycle counting with an RFID handheld reader is 25 times faster than barcode reading so it can be done frequently by store associates as part of normal operations Additionally RFID-enabled inventory generates more accurate inventory data and thus eliminates time wasted by employees looking for items that are no longer in the store The benefits of RFID-enabled inventory are significant Stores have reported that the introduction of RFID technology
Increased sales up to 15 Reduced labor for inventory-taking up to hundreds of
hours per month Resulted in 98ndash99 inventory accuracy rates
With RFID retailers can assign staff to more meaningful value-added tasks such as customer service while simultaneously getting more inventory accuracy
Page 11
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Many retailers use point of sale (POS) data to look for trends in sales and product popularity and adapt their businesses strategies accordingly The problem with this is that POS data is a weak analytical tool if you do not have good operational visibility
Are poor sales due to inadequate replenishment or lack of customer interest Is poor performance of a product due to poor execution or poor planning Was merchandise delivered to the store but not properly displayed Is merchandise languishing in back stock
4raquo RFID Provides Accurate Data for Planning amp Optimization
Page 12
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Instead of just being able to see which products sold and guess why others did not RFID-enabled inventory provides product location and quantity information over time With RFID management is able to analyze product sales in conjunction with store operations to understand why sales trends are occurring For instance declining sales of a particular product may be linked to its movement to a less-accessible display or failure to properly replenish it on shelves Some retailers are even beginning to use RFID-enabled shopping carts and baskets to track customer flow and see which displays and products generate the most customer interest dwell time and purchases
Analyzing POS data along with RFID-generated product-tracking data and customer-tracking data allows retailers to learn from their mistakes plan ahead more accurately forecast trends and optimize their business operations to generate more sales
Page 13
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID complements traditional security technologies Item level tagging increases the visibility of products in the store greatly decreasing item loss and making it easier to detect theft Frequent counting and item level tagging also sends a clear message of accountability to employees and managers which also contributes to theft prevention One retailer saw dramatic reductions in internal theft after their RFID system was deployed This retailer suggests that tagging every item with RFID and frequently inventorying products causes employees to understand that every item in the store has value and will be accounted for
5raquo RFID Prevents Loss amp Theft
Global theft costs retailers $105 billion a year plus $25 billion spent annually to combat the problem
RFID Monthly
RFID also allows for more advanced forms of security including zonal monitoring and situational awareness Silent alarms can be raised when expensive merchandise is on the move and electronic products can be rendered inoperable until and unless they go through the proper point of sale process Security video indexing and searching is also possible with RFID
Page 14
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Retailers are not the only ones who benefit from the implementation of RFID systems RFID solutions can be used to improve the shopping experience for consumers For instance many retailers have installed RFID-triggered displays that provide customers with information about the items they have selected In the case of Common People a shop in Mexico City when shoppers hang their selected clothing in the dressing room or try on a pair of sunglasses information about the product including the cost designer and suggested accessories pops up on a touch screen
6raquo RFID Improves Customer Experience
Other retailers have used RFID-enabled customer loyalty cards to keep track of frequency of patronage and offer personalized rewards Even without the addition of these RFID capabilities a very basic RFID application that improves inventory accuracy also improves customer experience Better organization and fewer out-of-stock items makes a store more reliable and customers more satisfied and likely to shop there
Page 15
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
7raquo RFID Improves Supply Chain Visibility
With RFID management can monitor products from the point that they receive them until the point of sale Because managers are able to see the way goods move within the store they are able to streamline store operations by holding store personnel accountable for key functions such as accurate and timely replenishment correct shelving and loss prevention They are also able to clearly see what practices result in disorganization and product loss and thus come up with more efficient asset management strategies As a consequence of this improved supply chain visibility retailers learn how to use less capital and fewer resources to complete each customer sale
Page 16
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Survival in the marketplace depends on a companyrsquos ability to innovate and stay competitive Using outdated inefficient processes like manual and barcode-enabled inventory means that a company is wasting time and resources and that its services are consequently more expensive and slower than its competitors To stay ahead retailers have to automate their inventories and RFID is the most efficient tool with which to do so
RFID Wins the Race
RFID is a very flexible technology It can be configured and adapted infinitely providing myriad benefits while allowing retailers to address the strategy that best fits their organization
LEARN MORE RFID technology can help retailers
improve business operations and stay competitive in todayrsquos world Click here to try the Impinj Store
Performance Simulator and see how RFID can benefit your business
Click here to read about innovative RFID retail applications in use today
- Slide Number 1
- Slide Number 2
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Slide Number 13
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
-
Page 10
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Cycle counting with an RFID handheld reader is 25 times faster than barcode reading so it can be done frequently by store associates as part of normal operations Additionally RFID-enabled inventory generates more accurate inventory data and thus eliminates time wasted by employees looking for items that are no longer in the store The benefits of RFID-enabled inventory are significant Stores have reported that the introduction of RFID technology
Increased sales up to 15 Reduced labor for inventory-taking up to hundreds of
hours per month Resulted in 98ndash99 inventory accuracy rates
With RFID retailers can assign staff to more meaningful value-added tasks such as customer service while simultaneously getting more inventory accuracy
Page 11
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Many retailers use point of sale (POS) data to look for trends in sales and product popularity and adapt their businesses strategies accordingly The problem with this is that POS data is a weak analytical tool if you do not have good operational visibility
Are poor sales due to inadequate replenishment or lack of customer interest Is poor performance of a product due to poor execution or poor planning Was merchandise delivered to the store but not properly displayed Is merchandise languishing in back stock
4raquo RFID Provides Accurate Data for Planning amp Optimization
Page 12
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Instead of just being able to see which products sold and guess why others did not RFID-enabled inventory provides product location and quantity information over time With RFID management is able to analyze product sales in conjunction with store operations to understand why sales trends are occurring For instance declining sales of a particular product may be linked to its movement to a less-accessible display or failure to properly replenish it on shelves Some retailers are even beginning to use RFID-enabled shopping carts and baskets to track customer flow and see which displays and products generate the most customer interest dwell time and purchases
Analyzing POS data along with RFID-generated product-tracking data and customer-tracking data allows retailers to learn from their mistakes plan ahead more accurately forecast trends and optimize their business operations to generate more sales
Page 13
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID complements traditional security technologies Item level tagging increases the visibility of products in the store greatly decreasing item loss and making it easier to detect theft Frequent counting and item level tagging also sends a clear message of accountability to employees and managers which also contributes to theft prevention One retailer saw dramatic reductions in internal theft after their RFID system was deployed This retailer suggests that tagging every item with RFID and frequently inventorying products causes employees to understand that every item in the store has value and will be accounted for
5raquo RFID Prevents Loss amp Theft
Global theft costs retailers $105 billion a year plus $25 billion spent annually to combat the problem
RFID Monthly
RFID also allows for more advanced forms of security including zonal monitoring and situational awareness Silent alarms can be raised when expensive merchandise is on the move and electronic products can be rendered inoperable until and unless they go through the proper point of sale process Security video indexing and searching is also possible with RFID
Page 14
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Retailers are not the only ones who benefit from the implementation of RFID systems RFID solutions can be used to improve the shopping experience for consumers For instance many retailers have installed RFID-triggered displays that provide customers with information about the items they have selected In the case of Common People a shop in Mexico City when shoppers hang their selected clothing in the dressing room or try on a pair of sunglasses information about the product including the cost designer and suggested accessories pops up on a touch screen
6raquo RFID Improves Customer Experience
Other retailers have used RFID-enabled customer loyalty cards to keep track of frequency of patronage and offer personalized rewards Even without the addition of these RFID capabilities a very basic RFID application that improves inventory accuracy also improves customer experience Better organization and fewer out-of-stock items makes a store more reliable and customers more satisfied and likely to shop there
Page 15
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
7raquo RFID Improves Supply Chain Visibility
With RFID management can monitor products from the point that they receive them until the point of sale Because managers are able to see the way goods move within the store they are able to streamline store operations by holding store personnel accountable for key functions such as accurate and timely replenishment correct shelving and loss prevention They are also able to clearly see what practices result in disorganization and product loss and thus come up with more efficient asset management strategies As a consequence of this improved supply chain visibility retailers learn how to use less capital and fewer resources to complete each customer sale
Page 16
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Survival in the marketplace depends on a companyrsquos ability to innovate and stay competitive Using outdated inefficient processes like manual and barcode-enabled inventory means that a company is wasting time and resources and that its services are consequently more expensive and slower than its competitors To stay ahead retailers have to automate their inventories and RFID is the most efficient tool with which to do so
RFID Wins the Race
RFID is a very flexible technology It can be configured and adapted infinitely providing myriad benefits while allowing retailers to address the strategy that best fits their organization
LEARN MORE RFID technology can help retailers
improve business operations and stay competitive in todayrsquos world Click here to try the Impinj Store
Performance Simulator and see how RFID can benefit your business
Click here to read about innovative RFID retail applications in use today
- Slide Number 1
- Slide Number 2
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Slide Number 13
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
-
Page 11
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Many retailers use point of sale (POS) data to look for trends in sales and product popularity and adapt their businesses strategies accordingly The problem with this is that POS data is a weak analytical tool if you do not have good operational visibility
Are poor sales due to inadequate replenishment or lack of customer interest Is poor performance of a product due to poor execution or poor planning Was merchandise delivered to the store but not properly displayed Is merchandise languishing in back stock
4raquo RFID Provides Accurate Data for Planning amp Optimization
Page 12
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Instead of just being able to see which products sold and guess why others did not RFID-enabled inventory provides product location and quantity information over time With RFID management is able to analyze product sales in conjunction with store operations to understand why sales trends are occurring For instance declining sales of a particular product may be linked to its movement to a less-accessible display or failure to properly replenish it on shelves Some retailers are even beginning to use RFID-enabled shopping carts and baskets to track customer flow and see which displays and products generate the most customer interest dwell time and purchases
Analyzing POS data along with RFID-generated product-tracking data and customer-tracking data allows retailers to learn from their mistakes plan ahead more accurately forecast trends and optimize their business operations to generate more sales
Page 13
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID complements traditional security technologies Item level tagging increases the visibility of products in the store greatly decreasing item loss and making it easier to detect theft Frequent counting and item level tagging also sends a clear message of accountability to employees and managers which also contributes to theft prevention One retailer saw dramatic reductions in internal theft after their RFID system was deployed This retailer suggests that tagging every item with RFID and frequently inventorying products causes employees to understand that every item in the store has value and will be accounted for
5raquo RFID Prevents Loss amp Theft
Global theft costs retailers $105 billion a year plus $25 billion spent annually to combat the problem
RFID Monthly
RFID also allows for more advanced forms of security including zonal monitoring and situational awareness Silent alarms can be raised when expensive merchandise is on the move and electronic products can be rendered inoperable until and unless they go through the proper point of sale process Security video indexing and searching is also possible with RFID
Page 14
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Retailers are not the only ones who benefit from the implementation of RFID systems RFID solutions can be used to improve the shopping experience for consumers For instance many retailers have installed RFID-triggered displays that provide customers with information about the items they have selected In the case of Common People a shop in Mexico City when shoppers hang their selected clothing in the dressing room or try on a pair of sunglasses information about the product including the cost designer and suggested accessories pops up on a touch screen
6raquo RFID Improves Customer Experience
Other retailers have used RFID-enabled customer loyalty cards to keep track of frequency of patronage and offer personalized rewards Even without the addition of these RFID capabilities a very basic RFID application that improves inventory accuracy also improves customer experience Better organization and fewer out-of-stock items makes a store more reliable and customers more satisfied and likely to shop there
Page 15
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
7raquo RFID Improves Supply Chain Visibility
With RFID management can monitor products from the point that they receive them until the point of sale Because managers are able to see the way goods move within the store they are able to streamline store operations by holding store personnel accountable for key functions such as accurate and timely replenishment correct shelving and loss prevention They are also able to clearly see what practices result in disorganization and product loss and thus come up with more efficient asset management strategies As a consequence of this improved supply chain visibility retailers learn how to use less capital and fewer resources to complete each customer sale
Page 16
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Survival in the marketplace depends on a companyrsquos ability to innovate and stay competitive Using outdated inefficient processes like manual and barcode-enabled inventory means that a company is wasting time and resources and that its services are consequently more expensive and slower than its competitors To stay ahead retailers have to automate their inventories and RFID is the most efficient tool with which to do so
RFID Wins the Race
RFID is a very flexible technology It can be configured and adapted infinitely providing myriad benefits while allowing retailers to address the strategy that best fits their organization
LEARN MORE RFID technology can help retailers
improve business operations and stay competitive in todayrsquos world Click here to try the Impinj Store
Performance Simulator and see how RFID can benefit your business
Click here to read about innovative RFID retail applications in use today
- Slide Number 1
- Slide Number 2
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Slide Number 13
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
-
Page 12
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Instead of just being able to see which products sold and guess why others did not RFID-enabled inventory provides product location and quantity information over time With RFID management is able to analyze product sales in conjunction with store operations to understand why sales trends are occurring For instance declining sales of a particular product may be linked to its movement to a less-accessible display or failure to properly replenish it on shelves Some retailers are even beginning to use RFID-enabled shopping carts and baskets to track customer flow and see which displays and products generate the most customer interest dwell time and purchases
Analyzing POS data along with RFID-generated product-tracking data and customer-tracking data allows retailers to learn from their mistakes plan ahead more accurately forecast trends and optimize their business operations to generate more sales
Page 13
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID complements traditional security technologies Item level tagging increases the visibility of products in the store greatly decreasing item loss and making it easier to detect theft Frequent counting and item level tagging also sends a clear message of accountability to employees and managers which also contributes to theft prevention One retailer saw dramatic reductions in internal theft after their RFID system was deployed This retailer suggests that tagging every item with RFID and frequently inventorying products causes employees to understand that every item in the store has value and will be accounted for
5raquo RFID Prevents Loss amp Theft
Global theft costs retailers $105 billion a year plus $25 billion spent annually to combat the problem
RFID Monthly
RFID also allows for more advanced forms of security including zonal monitoring and situational awareness Silent alarms can be raised when expensive merchandise is on the move and electronic products can be rendered inoperable until and unless they go through the proper point of sale process Security video indexing and searching is also possible with RFID
Page 14
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Retailers are not the only ones who benefit from the implementation of RFID systems RFID solutions can be used to improve the shopping experience for consumers For instance many retailers have installed RFID-triggered displays that provide customers with information about the items they have selected In the case of Common People a shop in Mexico City when shoppers hang their selected clothing in the dressing room or try on a pair of sunglasses information about the product including the cost designer and suggested accessories pops up on a touch screen
6raquo RFID Improves Customer Experience
Other retailers have used RFID-enabled customer loyalty cards to keep track of frequency of patronage and offer personalized rewards Even without the addition of these RFID capabilities a very basic RFID application that improves inventory accuracy also improves customer experience Better organization and fewer out-of-stock items makes a store more reliable and customers more satisfied and likely to shop there
Page 15
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
7raquo RFID Improves Supply Chain Visibility
With RFID management can monitor products from the point that they receive them until the point of sale Because managers are able to see the way goods move within the store they are able to streamline store operations by holding store personnel accountable for key functions such as accurate and timely replenishment correct shelving and loss prevention They are also able to clearly see what practices result in disorganization and product loss and thus come up with more efficient asset management strategies As a consequence of this improved supply chain visibility retailers learn how to use less capital and fewer resources to complete each customer sale
Page 16
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Survival in the marketplace depends on a companyrsquos ability to innovate and stay competitive Using outdated inefficient processes like manual and barcode-enabled inventory means that a company is wasting time and resources and that its services are consequently more expensive and slower than its competitors To stay ahead retailers have to automate their inventories and RFID is the most efficient tool with which to do so
RFID Wins the Race
RFID is a very flexible technology It can be configured and adapted infinitely providing myriad benefits while allowing retailers to address the strategy that best fits their organization
LEARN MORE RFID technology can help retailers
improve business operations and stay competitive in todayrsquos world Click here to try the Impinj Store
Performance Simulator and see how RFID can benefit your business
Click here to read about innovative RFID retail applications in use today
- Slide Number 1
- Slide Number 2
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Slide Number 13
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
-
Page 13
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
RFID complements traditional security technologies Item level tagging increases the visibility of products in the store greatly decreasing item loss and making it easier to detect theft Frequent counting and item level tagging also sends a clear message of accountability to employees and managers which also contributes to theft prevention One retailer saw dramatic reductions in internal theft after their RFID system was deployed This retailer suggests that tagging every item with RFID and frequently inventorying products causes employees to understand that every item in the store has value and will be accounted for
5raquo RFID Prevents Loss amp Theft
Global theft costs retailers $105 billion a year plus $25 billion spent annually to combat the problem
RFID Monthly
RFID also allows for more advanced forms of security including zonal monitoring and situational awareness Silent alarms can be raised when expensive merchandise is on the move and electronic products can be rendered inoperable until and unless they go through the proper point of sale process Security video indexing and searching is also possible with RFID
Page 14
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Retailers are not the only ones who benefit from the implementation of RFID systems RFID solutions can be used to improve the shopping experience for consumers For instance many retailers have installed RFID-triggered displays that provide customers with information about the items they have selected In the case of Common People a shop in Mexico City when shoppers hang their selected clothing in the dressing room or try on a pair of sunglasses information about the product including the cost designer and suggested accessories pops up on a touch screen
6raquo RFID Improves Customer Experience
Other retailers have used RFID-enabled customer loyalty cards to keep track of frequency of patronage and offer personalized rewards Even without the addition of these RFID capabilities a very basic RFID application that improves inventory accuracy also improves customer experience Better organization and fewer out-of-stock items makes a store more reliable and customers more satisfied and likely to shop there
Page 15
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
7raquo RFID Improves Supply Chain Visibility
With RFID management can monitor products from the point that they receive them until the point of sale Because managers are able to see the way goods move within the store they are able to streamline store operations by holding store personnel accountable for key functions such as accurate and timely replenishment correct shelving and loss prevention They are also able to clearly see what practices result in disorganization and product loss and thus come up with more efficient asset management strategies As a consequence of this improved supply chain visibility retailers learn how to use less capital and fewer resources to complete each customer sale
Page 16
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Survival in the marketplace depends on a companyrsquos ability to innovate and stay competitive Using outdated inefficient processes like manual and barcode-enabled inventory means that a company is wasting time and resources and that its services are consequently more expensive and slower than its competitors To stay ahead retailers have to automate their inventories and RFID is the most efficient tool with which to do so
RFID Wins the Race
RFID is a very flexible technology It can be configured and adapted infinitely providing myriad benefits while allowing retailers to address the strategy that best fits their organization
LEARN MORE RFID technology can help retailers
improve business operations and stay competitive in todayrsquos world Click here to try the Impinj Store
Performance Simulator and see how RFID can benefit your business
Click here to read about innovative RFID retail applications in use today
- Slide Number 1
- Slide Number 2
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Slide Number 13
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
-
Page 14
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Retailers are not the only ones who benefit from the implementation of RFID systems RFID solutions can be used to improve the shopping experience for consumers For instance many retailers have installed RFID-triggered displays that provide customers with information about the items they have selected In the case of Common People a shop in Mexico City when shoppers hang their selected clothing in the dressing room or try on a pair of sunglasses information about the product including the cost designer and suggested accessories pops up on a touch screen
6raquo RFID Improves Customer Experience
Other retailers have used RFID-enabled customer loyalty cards to keep track of frequency of patronage and offer personalized rewards Even without the addition of these RFID capabilities a very basic RFID application that improves inventory accuracy also improves customer experience Better organization and fewer out-of-stock items makes a store more reliable and customers more satisfied and likely to shop there
Page 15
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
7raquo RFID Improves Supply Chain Visibility
With RFID management can monitor products from the point that they receive them until the point of sale Because managers are able to see the way goods move within the store they are able to streamline store operations by holding store personnel accountable for key functions such as accurate and timely replenishment correct shelving and loss prevention They are also able to clearly see what practices result in disorganization and product loss and thus come up with more efficient asset management strategies As a consequence of this improved supply chain visibility retailers learn how to use less capital and fewer resources to complete each customer sale
Page 16
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Survival in the marketplace depends on a companyrsquos ability to innovate and stay competitive Using outdated inefficient processes like manual and barcode-enabled inventory means that a company is wasting time and resources and that its services are consequently more expensive and slower than its competitors To stay ahead retailers have to automate their inventories and RFID is the most efficient tool with which to do so
RFID Wins the Race
RFID is a very flexible technology It can be configured and adapted infinitely providing myriad benefits while allowing retailers to address the strategy that best fits their organization
LEARN MORE RFID technology can help retailers
improve business operations and stay competitive in todayrsquos world Click here to try the Impinj Store
Performance Simulator and see how RFID can benefit your business
Click here to read about innovative RFID retail applications in use today
- Slide Number 1
- Slide Number 2
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Slide Number 13
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
-
Page 15
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
7raquo RFID Improves Supply Chain Visibility
With RFID management can monitor products from the point that they receive them until the point of sale Because managers are able to see the way goods move within the store they are able to streamline store operations by holding store personnel accountable for key functions such as accurate and timely replenishment correct shelving and loss prevention They are also able to clearly see what practices result in disorganization and product loss and thus come up with more efficient asset management strategies As a consequence of this improved supply chain visibility retailers learn how to use less capital and fewer resources to complete each customer sale
Page 16
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Survival in the marketplace depends on a companyrsquos ability to innovate and stay competitive Using outdated inefficient processes like manual and barcode-enabled inventory means that a company is wasting time and resources and that its services are consequently more expensive and slower than its competitors To stay ahead retailers have to automate their inventories and RFID is the most efficient tool with which to do so
RFID Wins the Race
RFID is a very flexible technology It can be configured and adapted infinitely providing myriad benefits while allowing retailers to address the strategy that best fits their organization
LEARN MORE RFID technology can help retailers
improve business operations and stay competitive in todayrsquos world Click here to try the Impinj Store
Performance Simulator and see how RFID can benefit your business
Click here to read about innovative RFID retail applications in use today
- Slide Number 1
- Slide Number 2
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Slide Number 13
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
-
Page 16
THE TOP 7 REASONS RETAILERS IMPLEMENT RFID
Survival in the marketplace depends on a companyrsquos ability to innovate and stay competitive Using outdated inefficient processes like manual and barcode-enabled inventory means that a company is wasting time and resources and that its services are consequently more expensive and slower than its competitors To stay ahead retailers have to automate their inventories and RFID is the most efficient tool with which to do so
RFID Wins the Race
RFID is a very flexible technology It can be configured and adapted infinitely providing myriad benefits while allowing retailers to address the strategy that best fits their organization
LEARN MORE RFID technology can help retailers
improve business operations and stay competitive in todayrsquos world Click here to try the Impinj Store
Performance Simulator and see how RFID can benefit your business
Click here to read about innovative RFID retail applications in use today
- Slide Number 1
- Slide Number 2
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Slide Number 13
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
-
LEARN MORE RFID technology can help retailers
improve business operations and stay competitive in todayrsquos world Click here to try the Impinj Store
Performance Simulator and see how RFID can benefit your business
Click here to read about innovative RFID retail applications in use today
- Slide Number 1
- Slide Number 2
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Slide Number 13
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
-