RFID Improves Inventory Accuracy, Sales and Satisfaction

By Doug

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According to a recently released report, the use of radio frequency identification technology at Macy’s stores has boosted the global retailer’s rate of on-shelf display compliance and overall inventory accuracy. The Platt Retail Institute (PRI), developed in cooperation with the Northwestern Retail Analytics Council (RAC), also found that the retailer not only improved its on-shelf and display compliance, but made single-unit sales possible when a store’s inventory may be down to its last unit for a particular SKU. Learn how the technology offers retailers the opportunity to conduct a wide variety of analytics based on product tag reads, including better management of fitting rooms, determining best merchandise placement techniques, and managing pricing and trends predictions.