What are the advantages of using RFID in retail and supply chain applications?

Retail establishments must contend with a variety of issues when it comes to managing inventory in the supply chain. In-store, RFID can provide more accurate accountability in the supply chain. By enabling automatic product replenishment, RFID affords better management of in-store inventory and better demand planning. Quality and product traceability will be greatly improved. Theft will be reduced. The time required to perform labor-intensive activities in the store can be significantly reduced, while dramatically increasing the reliability and accuracy of the data. Companies already employing RFID in their supply chain are seeing excellent benefits and a reduction in inventory costs.

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