The increasing popularity of omnichannel initiatives such as BOPIS and ship-from-store has given new urgency to a perennial retail problem: executing store-level inventory accuracy. Reducing out-of-stocks always has been critical to boosting sales: after all, customers can't buy what they can't find. Now, however, with many stores doubling as online fulfillment centers, there are new requirements for quickly locating items ordered online so they can be prepped for shoppers coming into the store to pick them up. That makes its more vital than ever for retailers to know exactly
Now, retailers are looking at ways to get even more out of their RFID investment, both by taking advantage of the increased inventory visibility that RFID affords and by using the tags to streamline and enable other operations.
Emerging use cases include:
- Using more accurate inventory data to reduce safety stock levels and gain a clearer view of inventory enterprise-wide;
- Incorporating RFID-tagged items with Internet of Things (IoT) solutions such as smart shelves; and
- Leveraging RFID at the POS to reduce checkout times, and incorporating RFID with other technologies to enable cashierless stores.