Retailers are using RFID technology in significant numbers to ensure instant product availability. It is mainly done by increasing the accuracy of inventory to almost 98%. Nowadays, most of retailers have shifted to RFID both for inventory and supply chain management visibility, entirely based on source tagging all the products with RFID labels.
The use of RFID also paves the way to optimize other store processes like prevention of data-driven loss, combating different types of frauds, quick checkouts and a lot more at the point of sale.
- Self-Checkouts Made Easy
Self-checkouts powered by RFID take less time than conventional RF (Radio Frequency) or AM (Acoustic Magnetic)-secured counterparts. RFID-powered self-checkouts also offer unparalleled convenience, as clients can simply put their baskets in the self-checkout station. All the goods are individually recognized within seconds, reducing the checkout time by more than half. At the same time, it also reduces the risk of customers missing scanning items.
- Increases the Speed of Checkout
One of the biggest challenges for retailers is the experience of both online as well as offline customers. Talking about the benefit, one of the most significant is that customers don’t want to wait in line at the checkout.
So, increasing the overall speed of the checkout process in the store means the highest customer satisfaction. The use of the RFID POS system noy only helps boost the checkout speed but also empowers staff to focus more on the customer in the store or process online orders and pickups.
- Remove Return Fraud
Return fraud is a kind of shoplifting that mainly happens when a customer tries to return a stolen or worn item back to the store. The ultimate aim is to get money in return. But with the use of RFID, all these frauds cannot happen. It is because employees can instantly detect if any specific item that is being returned was purchased previously and whether it is a store purchase or online shopping.
- Lessen Inventory Time and Logistics Maneuvers
In comparison to barcodes, RFID offers manifold benefits for retailers. Items with RFID tags powered by the technology can be recognized mechanically. It eliminates the necessity for physical scanning in bulk. On the contrary, items having the conventional barcode are recognized by scanning one after another. Â RFID systems offer 100% real-time location with the supply chain in a retail store and throughout the whole logistics process.
- Shipping Errors and Losses
RFID tags permit full product traceability, and this has a direct impact on the credibility of the company as well as the customers. RFID minimizes different types of errors and shoplifting by more than 50%, both inside and outside the retail store.
RFID warehouse system for tracking with embedded cloud platform has a module for verification to ensure that all the consignments are precise. This is done without producing a specious order with consistent logistics and overhead expenses.
