Shrinking Retail Profits

How RFID can Help

As the retail labor market becomes more stressed every year, companies are looking for ways to maximize the efficiency of their associates and stay ahead of loss detection. That’s where RFID comes in. By automating tasks, and capturing data across the store, productivity can greatly improve.

Many retailers still operate with inventory accuracy in the 60 to 70 percent range, which explains why shoppers often see an item listed as available online but cannot locate it in the store. Zebra RFID and Summit typically increase accuracy to between 93 and 99 percent. With that level of precision, retailers can maintain consistent availability across in‑store and online channels.

RFID also reduces the labor required for routine inventory work. Cycle counts can be completed up to 96 percent faster, which frees employees to spend more time helping customers rather than scanning shelves.

Shrink adds another layer of difficulty. Missing or misplaced products frequently appear as available in the system even though they are not. RFID typically reduces shrink by 15 to 25 percent, which helps eliminate these “phantom stockouts” and ensures shelves reflect what is truly on hand.

Summit and Zebra offer innovative hardware and software options that are geared for today’s retail environment, and today’s exacting consumer. We offer customized programs that put the front and back of store in synch. Plus, we support our RFID solutions in real time so you can focus on keeping your customers happy.

View our use-case brief or contact us today to learn more.