RFID Technology Addresses Consumer Woes Over Out-of-Stocks

Over the past decade, RFID technology has significantly evolved and greatly impacted the dynamic of operations across various industries such as retail. Processes like cycle counting in stores and warehouses used to solely focus on counting pallets and cases but with recent advancements in the technology, cycle counting can now be done at the item level. Hardware and tag providers have contributed to the technological progress by improving data-scanning performance and tag sensitivity, allowing modern RFID solutions to routinely achieve 98 percent-plus accuracy for cycle counting. In terms of pricing, costs have come down and implementations are easier. RFID use in retail has been accelerating in the past few years with both retailers and suppliers deploying RFID and realizing very good return on investments (ROI).