Retailers must continuously develop their processes in order to offer high-quality products, services and experiences. Traditional brick-and-mortar shops will continue to have a place in the retail landscape, but they need to expand their offerings to keep pace with ever-changing customer demands.
But how? RFID is one of the most important keywords. The technology has made great strides over the last 20 years and can significantly improve inventory accuracy as well as generate higher sales.
As a global provider of high-quality RFID and Auto-ID solutions, DENSO WAVE EUROPE offers decisive advantages for retailers. Among other things, the SP1 RFID reader enables numerous process optimisations.
RFID paves the way to the digital future
With the overall increase in the use of IoT technology, the areas of inventory and warehouse management are particularly affected. Retailers must organise their management efficiently in order to remain competitive. RFID plays a key role in this. Radio Frequency Identification has gained new relevance, particularly in the retail sector. This is because today, RFID in Retail ensures, among other things, the optimised digitalisation of loss prevention and the improvement of processes at the POS. Overall, RFID will continue to establish itself as an important component of innovation and operational efficiency across all sectors.
The use of RFID saves time, costs and nerves, especially when it comes to stocktaking and correct inventory management. A major retail customer of DENSO had set itself the goal of increasing stock accuracy in all its shops. It then analysed the direct impact of stock accuracy on sales. The result: by using RFID, the retailer achieved more than 97 per cent stock accuracy and a five per cent increase in sales. The benefits of RFID for retailers and the advantages of Auto-ID solutions from DENSO are illustrated here.
Seamless and smooth: shopping experience with RFID
RFID is not new and the technology has been around for a very long time. However, more and more retailers are now using RFID to enable digitalised processes. Without implementing digitalisation, retail companies can hardly be competitive anymore. The pressure from omnichannel offerings is also ensuring that retailers have to adapt and modernise their entire processes. As a result, more and more companies are joining the RFID trend every year.
And the SP1 RFID scanner from DENSO is the ideal companion. The SP1 has one of the best reading performances in the industry: it can read 1,000 tags per second at a reading distance of up to 13 metres. The advantage for retail employees is that they don't have to spend a long time familiarising themselves with how the device works. Simple Bluetooth pairing between the SP1 and an existing smart device makes the RFID scanner quick and easy to use. The ergonomic handle and low weight of the SP1 (400 g) ensure optimum and fatigue-free ease of use - ideal for accurate and error-free inventory management.
In the future, RFID will play a role in even more retail areas, from self-checkout and theft control to personalised shopping experiences. With DENSO's premium RFID readers, handheld terminals, mobile computers, barcode scanners and complex and cloud-based IoT data management systems, users from the retail, logistics, manufacturing, healthcare and event industries are ideally equipped for the future.
