RFID handheld readers have the ability to read hundreds of tags per second, greatly reducing the time taken for stock takes – 75% – 92% decrease in stock take times.
Due to all of the factors below and more, sales can increase by between 2% and 30% just by implementing RFID.
Each RFID tag is unique, meaning tags will only be scanned once during a stock take, providing high levels of accuracy – Inventory accuracy goes to 97%-99%.
Regular stocktakes can ensure stock is kept at optimal levels, reducing the chances of out-of-stock situations or high levels of slow-moving stock. “Live Monitoring” is also possible to enable 24/7 stock monitoring; Improve working capital management.
RFID tags and antenna can monitor stock leaving the store, determining if it has been legitimately purchased, and providing information on exactly what has triggered the alarm. This reduces shrink figures in stores and provides an overview of alarms events and reactions;
RFID creates a more efficient point of sale environment as tags do not require line of sight to be scanned, enabling numerous tags to be scanned in quick succession, greatly reducing the time spent by customers in lines; also an easy return of the stock.
RFID provides a solution for warehouses to monitor the vast amounts of stock, as well as monitoring the movement between different sections of the warehouse as well as ensuring the correct products and quantities are leaving. Finding stock located in different areas.
We continuously source the latest technologies and up-to-date solutions from all corners of the globe and strive to always provide the best quality Shrink Management Solution Products at the best available price.
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RFID stands for Radio Frequency Identification. The acronym refers to small electronic devices that consist of a chip and an antenna. These devices can be found in labels and hard tags. These tags offer the same purpose as a barcode or magnetic strip, providing an identifier for the product. This enables the products to be scanned and identified quickly as line of sight is not needed to scan these tags, enabling quick reading. This opens up many possibilities in a variety of markets.
RFID can offer many benefits, such as: quick stocktaking; statistics on products, anti-shoplifting protection, inventory control and many more.