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RFID + Big Data = Retail Inventory Management Reinvented
May 11, 2018

RFID + Big Data = Retail Inventory Management Reinvented


Until recently retail had been at something of a standstill in terms of technology and analytics. Since the introduction of barcodes in the 1980s, for example, very little has developed for item-level inventory management, and since the introduction of EAS security tags little has been done for theft prevention.


The ubiquitous nature of comprehensive RFID solutions, not only provides real-time inventory management visibility but also creates a wealth of data for advanced analytics. In fact, the emergence of RFID has spurred a new generation of big data analytical platforms, specially designed for the retail sector.


 Retail Inventory Management Reinvented


In real terms, the ability to aggregate inventory tracking data of goods from the factory, to the warehouse and on to the store, will allow retailers to pinpoint where common delays are occurring, for example. With this actionable intelligence they can solve specific problems and or reassess their supply chain holistically.


Similarly, data on customer behavior can be correlated against all manner of other variables, from time, day and weather, to visual merchandising, marketing and promotions. Within this big data are gems of actionable intelligence that are making the difference between success and failure in the today’s evolving retail sector.





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    Email:sales@rfidtagfactory.com

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