Best RFID Tag to Retails Inventory Tracking Management System
- 01 Nov, 2022
RFID tracking has been around for a long time. There are many developed applications of RFID for tracking physical ‘things’, but what is new is that it can now be used in real-time to track all inventory information in existing retail locations. This will help improve inventory visibility, reduces incorrect stock outs and thus improve customer service, makes it easier for employees to find out where items are located.
RFID is already in use to identify and track many physical ‘things’. Our custom RFID tag to retail inventory tracking system uses RFID technology to keep track of all items as they move from one place to another. We are able to track over 1000 items within a 1 billion square foot building, list the item's location on a map, receive real time alerts from our system and even generate PDF reports that detail all items movements within the warehouse.
The world has changed and so have the tracking methods available to businesses. With the advent of radio frequency identification, tracking items that are not physical ‘things’ is possible through radio signals and software. RFID tags can be used with any item that can travel from one place to another, whether that item is a vehicle, machine or a person.
As a retailer, you can use radio-frequency identification (RFID) tags to track inventory. Most RFID tags have a read range of less than 20 centimeters and can be used with barcode scanners, optical character recognition (OCR), or hand scanners. Using RFID with mobile phone applications enables retailers to track their inventory in real time using a mobile device.
Benefits of RFID Tag to Retails inventory tracking:
RFID tags are small, wireless devices that use radio waves to transmit information. These tags can be placed on individual products in your retail store and tracked at the cash register via an RFID reader. This allows you to keep track of each product's location, quantities available and its exact history - helping you make more informed buying decisions for your customers.
- Consumer Research: Retailers can use the unique product numbers stored on the tags to track a retailer’s inventory, and use that data to improve operations. For example, a retailer might know that when you buy two bottles of wine and then two racks of clothes, they could be selling you additional items.
- Inventory Tracking: Assume a supermarket needs to stock its products. Physically examining standardized tags or counting items is asset serious: laborers should move passageway to walkway, arranging things exclusively. Interestingly, RFID scanners can peruse labels as distant as 20 feet and record many labels each second, meaning representatives can rapidly filter racks to record amounts and areas. A few stores find it financially savvy to introduce extremely durable RFID scanners to give ongoing observing of stock.
- Security: Shoplifting is a serious worry for retail location proprietors. One choice is to guide staff to watch clients intently, yet this approach has two significant detriments: the additional work diverts staff from different obligations, and clients disdain being watched. RFID innovation offers an exquisite arrangement: a remote output of customers as they leave your store can uncover on the off chance that they are leaving with taken stock. As the expense of RFID innovation diminishes, this security arrangement turns into an inexorably practical approach to diminishing robbery.
- Considerations: Your clients probably won't care for you checking their shopping baskets or people from a distance or that you can follow their developments all through a store. RFID innovation is still in its developing stages at distribution date, so it isn't yet clear on which side of the wall customer assessment will land. For the present, retailers ought to perceive that protection issues are a developing concern.
Profit Loss due to shoplifting:
Making a beneficial independent venture is a troublesome undertaking, regardless of whether it isn't dependent upon criminal behavior. In reality, various crimes can adversely affect organizations, which can be particularly harming to little organizations as they battle to get by and contend. Shoplifting is a typical issue looked by retail organizations that can negatively affect benefit.