RFID tracking solutionsfeature a digital identity that readers can scan without direct line-of-sight, allowing for fast data reading and increased efficiency and productivity.
Organisations also can easily receive accurate, real-time updates in their asset tracking system – making the monitoring process seamless while saving staff time and reducing interventions.
Real-time visibility
Real-time visibility is one of the main advantages provided by RFID tracking solutions for DCs, enabling them to optimise their processes and reduce errors, shrinkage and losses while improving customer service levels.
RFID technology can speed up processes such as shipment verification, inventory tracking and counting — resulting in significant time and labour cost savings. Furthermore, it can prevent theft by instantly recognising tagged items and their movements without needing line-of-sight scanning, something it can do from any location within a facility.
RFID tracking solutions can also be automatically updated into financial reports in real-time, eliminating manual data entry mistakes and error rates that frequently plague traditional management systems. It provides instantaneous access to unit costs, gross margin and other key financial metrics without waiting until year-end to gain insight. In turn, this translates to better decisions regarding asset utilisation, maintenance scheduling, redeployment, and reduced wastefulness or unnecessary purchases.
Automated inventory management
RFID provides an efficient solution to logistics environments with high labour costs. By rapidly scanning and automating inventory counting and sorting processes, workers are freed from manually filling out forms or spreadsheets – further cutting costs in warehouse operations while eliminating human errors such as transcription mistakes, duplicate records or lost files.
RFID systems also can offer real-time financial data updates, instantly updating unit cost, gross margin and other key metrics such as unit sales. It can save significant time and costs for businesses of all sizes; no longer must information wait until end-of-day/weekend to arrive!
RFID tracking solutions also offer more accuracy and reliability than barcodes in environments with harsh conditions, long service lives or large numbers of tags to scan. RFID handhelds allow multiple tag scanning simultaneously and boast wide read ranges for strategic deployment at key points throughout a facility, such as warehouse aisles or pick lanes.
Increased customer service
Retailers are adopting RFID solutions to combat out-of-stock situations and deliver real-time inventory data. Clothing wholesaler Advanced Apparel uses RFID tags to pinpoint its merchandise within warehouses – right down to which shelf or rack it’s on! It saves person-hours while making customers happier.
RFID also simplifies returns processing and restocking shelves, for example, by scanning an individual’s RFID tag when they return an item and alerting the store of immediate action needed to take primary care.
Increased security
RFID tags transmit their data encrypted, making them a secure inventory management solution. They’re particularly suitable for high-value assets that must pass through a strict chain of custody process and improve traceability to reduce duplicate purchases or wasted time looking for lost items.
RFID tracking solutions make managing asset fleets simple for businesses. By automating inventory tally, these automated solutions enable rapid counting times while eliminating costly tracking mistakes caused by manual methods.
RFID helps stores reduce overhead costs while simultaneously combatting theft and improving customer service. By pairing this technology with sales and video data, retailers can better identify shoplifters and build cases against them quickly; plus, inventory counts remain current at every store, allowing companies to offer Buy Online Pick Store (BOPIS) services confidently.
Reduced Inventory Errors
Maintaining accurate inventory levels is a key challenge for warehouse operators. Using RFID, warehouses can reduce stockouts and overstocking while increasing security and eliminating costly human errors.
By registering products as they move through the warehouse, RFID enables automatic monitoring of inflow and outflow processes, expiry dates, and other critical variables to ensure optimal inventory management. The technology also frees up time for workers to focus on other important tasks like order picking and shipping.
Moreover, RFID scanning is much faster and more efficient than manual processes such as barcode scanning, improving overall facility productivity. These efficiency improvements can reduce cycle counts, put-away times, and shipping and receiving times for significant cost savings. Additionally, data trends from RFID scans can reveal which products move fastest and inform warehouse layout optimisation for improved operations.
