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Researchers to Reveal RFID Benchmarks for Apparel Retail at RFID In Fashion 2009
The University of Arkansas' RFID Research Center will reveal industry benchmarks regarding the benefits that can be achieved using RFID in apparel stores, at RFID Journal's fourth annual event, to be held in New York City on Aug. 12-13.
Jun 01, 2009—RFID Journal and the American Apparel & Footwear Association (AAFA) today announced that Bill Hardgrave, director of the University of Arkansas' RFID Research Center, will present new industry benchmarks related to the benefits that apparel retailers can achieve from using RFID. The presentation will take place at the fourth annual RFID in Fashion conference and exhibition, being held on Aug. 12-13 at the Fashion Institute of Technology in New York City.
"We have now studied the impact of RFID at enough stores, and been given sufficient supplemental data by retailers who ran their own pilots, to be able to provide some industry benchmarks," Hardgrave says. "This is important because it enables apparel retailers considering whether to deploy RFID to assess the potential return on investment without spending months or years testing the technology. That work has been done by many, and we have the relevant data."
In April of this year, the RFID Research Center released a research paper indicating that not only does RFID improve inventory accuracy, it can also eliminate the need for annual, manual inventory counts. The paper described the results of the third phase of a pilot studying item-level RFID technology in the retail environment, conducted at three Dillard's stores (see Dillard's, U. of Ark. Study Quantifies RFID's Superiority to Manual Inventory Counts).
AMR Research recently surveyed apparel retailers, asking them to rank the importance of key operational issues they face, and to also rate their ability to respond to such problems. Inventory management and replenishment ranked the highest in terms of importance, though retailers rated their ability to solve the problem as low.
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