Revealing the Pros of Integrating RFID in Retail Inventory Management

Having knowledge of the current inventory at the heart of the company for the warehouse managers and the inventory visibility has always been important for maximizing the overall productivity. The development of modern inventory management technology like RFID has helped in increasing the overall visibility, tracking of products, shipment in the warehouses as well as distribution centers. 

There are several astounding benefits of having RFID retail inventory management, and this post mainly focuses on the same. Continue reading the post to know how RFID technology has turned out to be a boom for businesses. 

•    RFID Makes the System More Efficient : 

With RFID, there is no need to scan each and every barcode repeatedly as the RFID tags can monitor the inventory in just one simple scan. This is indeed one of the most vital assets to the overall labor management system, and it puts less strain on the employees while offering the best data to the clients. RFID technology also can track busy times in the store, which is extremely effective in streamlining future inventory planning. 

•    Promotes Smart Shelving :

RFID is considered the future of customer engagement. This will enable knowing about the whereabouts of the product in the store throughout. This is going to be extremely beneficial for all those retailers where clients find it difficult to find a niche item. Thus, investing in an inventory RFID system is worth it. 

•    Gives Real-Time Data : 

Probably all the retailers are aware about the struggles of looking for inventory online to check out the product that has already been sold. Rather than struggling hard to navigate detailed steps in the supply chain, RFID technology can easily track and upload the changes in the company's overall stock within short notice. The best thing is that there is no need of manual input. This enables businesses to have updated information for the customers as well as employees and thus streamline efficiency throughout the system. 

•    Minimize Shrink in the Inventory :

Inventory shrink has become one of the most troublesome aspects of managing a business. In a survey report, it has been stated that inventory shrink can cost 1.33% of total sales on average to a retailer. 

With the help of an RFID warehouse management system, businesses can easily track as well as identify missing items from the stock. RFID tags can also look after the employees for swiping goods in the stock room.