With the rapid advancement in technology, the scenario where individuals can make rapid purchases from any store, pick up their desired stuff from the shelves and move out without having to worry about the billing and payment of their purchases is not a distant dream anymore. In fact, with the constant inventions and launch of new technologies for the ease of customers, this is one possible reality which could very soon be a part of each and every individuals life.
This technology which will come as a boon for every shopper is known as RFID. RFID technology is rapidly being embraced by major retail stores all over the country who use it for the purpose of inventory management.
Various aspects of inventory management include several aspects, such as consolidating and integration of data. Post integration, this data is analyzed from various sources such as distribution centers and warehouses.
In the absence of RFID inventory management technology, the traditional methods of effective inventory management included the process of manual intervention which was considered to be extremely labor-intensive and time consuming. Moreover, there was also the added risk of some possible error which is altogether eliminated by the use of RFID technology which is computer-operated.
By making use of RFID technology, the process of inventory monitoring is simplified manifold as well. The RFID technology makes use of replenishing system where this RFID technology places order for new inventory whenever the present stock in the storehouses hits the minimum limit.
RFID technology even allow the mangers of a store to determine which certain products are far more in demand than the others, so that advance orders can be placed for them beforehand and a sticky situation of inadequate quantity of goods in stock can be easily avoided.
This is the main reason why RFID technology is being extensively preferred by companies dealing in FMCG sector which relies entirely on the principle of adequate demand and supply of quality products.
On the other hand, the feature of Point-of-sale (POS) which RFID technology features can be extensively used in areas such as apparel industry or other sectors, which witness continuous changes in the trends and demands of the consumers. Yet another advantage of making use of RFID technology is in the aspect of inventory shrinkage.
What Is Rfid Technology
The USA now wants to put this technology into passports which would allow people to be mass processed through custom control, without having to form queues. You know what it is like when you arrive home late and there is a queue of 200 people in front of you at the Passport desk.So a convenience would be faster people handling.
Credit card companies would be able to read your card simply by you waving it near a reading device.So we face a revolution in the use of RFID technology.But security on terrorist activity may be compromised because he could alter his passport to get though without an official actually seeing the falsified document.
And then there is the issue of personal privacy. You buy an item using RFID and for the rest of the day a scanner could pick up the fact you just bought it and how would this compromise you if you are holding a RFID credit card.
Also consider the supply chain structure. Now thieves could know what's being held in premises and what its value is.
There are some solutions for specific cases. So for example when you buy something, there should be a tear off section your ticket to remove the device. So you will not be readable after you have bought your items.
Credit cards are a different consideration.
What would be the diving line between being close enough for the scanner to pick you up but not close enough for a thief to scan the card in your handbag?
An unacceptable situation would be where thieves could wander around shopping centers and simply get close enough to your wallet to scan your card. Clearly there is some extra thinking to be done here and it may be some time before this is solved, where convenience is improved but your privacy is secure. Maybe aluminum wallets are the answer? Time will tell.
Counting devices
Client counting solution to the retail sector offers a system is aimed at providing pertinent management information on client visit habits and related transactions.The system comprises client movement logging hardware - deployed in-store and a software suite which would typically run within head office and provide web browser access to count statistics.
Benefits
o Sales to look into conversion rate analysis to ascertain sales effectiveness and help improve Average Transaction Value and Units
o Marketing to assess the effectiveness of advertising and marketing campaigns
o Operations to provide insight into the effectiveness of staffing levels
o Security and exceptions will note movements after-hours and differences between people entering and exiting the store
o Environment to look at through-store footfall to ensure appropriate floor layout andcustomer awareness of in-store departments
o Low impact and quick installation
Management information
A simple to use browser-based software suite provides immediate access to management information right across your enterprise.Integration with management data allows automated linking with transactional and staffing data so you can see how wisely or not you are spending you money.
Sales transaction data should be automatically imported on a daily basis and the system database should be queried by third party products for further integration/analysis as necessary. Client counting can improve your operational cost-effectiveness, improve your advertising impact on sales and enhance the customer experience by ensuring staffing levels are appropriate to customer flow.
Both Ben Needles & Arthur Stoller are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Ben Needles has sinced written about articles on various topics from Business Credit Cards, Anger Control and Business Credit Cards. About the Author (text)James Buchanan utilizing the most sophisticated innovations in RFID, barcode and data capture technology has developed solutions in Direct Store Delivery, RFID Tag.questsolution1@gmail.com,. Ben Needles's top article generates over 550000 views. to your Favourites.
Arthur Stoller has sinced written about articles on various topics from Site Promotion, Halloween Costumes and Pets. Arthur Stoller advises customers on the use of retail technology. Find out how you can implement protection for your shop by visiting . Arthur Stoller's top article generates over 8100 views. to your Favourites.
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