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Wednesday, September 30, 2009

RFID Improving Inventory Accuracy

It is what we ultimately expected from RFID tagging: a better understanding what you have and where. That would lead to less out-of-stocks and less over-ordering. Saving money in retail that could be passed on to the consumer. Have not seen the full technical paper yet. Here from CACM:

RFID Significantly Improves Item-Level Inventory Accuracy - University of Arkansas, Fayetteville

The University of Arksansas' research project "provide[s] insight on how RFID can help retailers increase efficiency and thus significantly reduce expenses," says RFID Research Center Director Bill Hardgrave.

A new study on the use of radio-frequency identification tags on individual retail items shows that inventory accuracy decreases or diminishes over time with conventional systems that rely on barcodes and/or human counting to track inventory. The research, conducted by the RFID Research Center at the University of Arkansas, also demonstrated that the use of an RFID-enabled system could improve inventory accuracy by more than 27 percent over a 13-week period ... '

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