Get Real-Time Inventory Visibility
In the era of omnichannel fulfillment, it’s never been more important to have accurate and up to date inventory information. Without up-to-date information, warehouses end up with two much stock in some items and not enough in another. Small errors quickly become bigger problems. Picking errors result in sending the wrong products and potentially costly chargeback penalties. Stocktaking with paper or barcoding is a time-consuming task that is frequently inaccurate.
Using RFID to manage inventory means fast and accurate stocktaking. You can use this information to reduce out of stocks, meaning more sales down the supply chain and also reduced costs from carrying too much inventory. According to an Auburn University study, 69% of orders contain an errors from somewhere in the supply chain and found that checking the orders with RFID increased accuracy to 99%. Not only is RFID stocktaking extremely accurate, it also takes a fraction of the time.
RFID inventory management is a worthwhile investment for brands to get up-to-date knowledge of their inventory and fulfill orders accurately, which ultimately means more sales and profit.
Benefits of RFID Inventory Management
Major retailers have found big benefits from implementing RFID throughout their supply chain. Learn more about how it has benefited them and how it can help your business as well.
Increased Inventory Accuracy
Now that you’ve seen how RFID can benefit your business and its practical applications, click to learn more about the hardware available, starting with handheld readers.