Walmart and Target, the world’s leading retail enterprises, introduced RFID technology years ago. For years, many retail stores have followed suit and proved to have gained stable improvement regarding business management. As the leading RFID technology provider and developer, Hopeland‘s RFID devices have won applause from many enterprises in this industry.
So if you are interested in why retail giants like Walmart would shift their attention to RFID technology, this passage may give you a hint.
The Benefits of RFID Devices for the Retail Industry
Industries like retail and logistics should deal with many goods every day, which may dampen management efficiency and accuracy if it solely depends on manual work. However, efficient and accurate management is what RFID technology is meant to provide. When introducing RFID devices in the retail industry, the little interruption will emerge in the supply chain. Here is a more detailed description of its benefits in this industry:
- Reduce the out-of-stock situations
Maximizing the transparency of the supply chain is a huge goal for retail enterprises. An improvement in transparency will reduce the rate of “out-of-stock,” which in turn is for the good of the clients. After all, no one will be pleased when they get an answer like “Sorry, things you want are sold out.” Walmart stated that if the out-of-stock situations can be reduced by 1%, it will create another 2.5 billion in revenue. To realize it, retailers should master the information of every good, no matter their inventory accounts, locations, or transmission situation. Therefore, RFID devices can boost the transparency of the goods supply chain.
- Reduce the quantity of safety stock
Normally, store-and-mortar retail stores should have enough stock in their warehouses to support the supply chain. However, too many unsold products will be costly. To solve the issue, constantly checking the inventory and tracking their popularity to analyze how much should get in can reduce the quantity of safety stock to a more reasonable amount.
- Shrinkage reduction
Unlike barcodes, requiring many labor-intensive jobs like scanning and recording, RFID technology is highly automatic, which will help to boost working efficiency and reduce manual costs.
Who Can Turn to for Reliable RFID Devices
Retail giants like Target and Walmart’s introduction of RFID technology epitomizes the great potential of RFID in retail. As increasingly RFID enterprises enter the market, which you can turn to for reliable RFID devices becomes a headache. Then why not look at Hopeland, the leading enterprise in the RFID technology sector?
- IoT Android RFID Reader
- More efficient
the updated chip, resulting from our deeper cooperation with Impinj, hugely improved the performance of the readers, including its response rapidity, coverage range, and access to more production.
- High compatibility and easy-to-use：
Support HTTP POST to send tag data to a web URL and the database directly
Support RJ45, RS485, Wiegand, USB, Bluetooth, WIFI, and 4G connection
Support tag data filtering and online update
- Higher efficiency because of the updated chip provided by Impinj
- Realize a more flexible and accurate data collection
- Fully functional because of its integrated functions of WIFI, Bluetooth, 4G, GPS/AGPS/Beidou
- Designed for highway toll stations, retail, logistics, and industries that constantly deal with seas of goods and objects.
Conclusion
Michael Putnam, products manager in RFID and Artificial Intelligence Department at Markem Corp, said, “we expect the time of RFID, although there are many obstacles ahead.” RFID is worthy of investment because of its long-term effect. In about 5 to 10 years, the influence of RFID technology will be widened, bringing a more systematic benefit.
Therefore, to forge a concrete basement, choosing a reliable RFID device provider is necessary. And for all the providers in the market, Hopeland is an expected one. For years, the leading RFID technology provider has been working hard to develop their technology, manufacturing a series of advanced RFID devices that have won applause from many industries.
Now, for more information about Hopeland and its reliable RFID devices, you can visit its website: https://www.hopelandrfid.com/.
