Improved Inventory Accuracy Number One Driver for Implementation Today
Tyco Retail Solutions, a global provider of retail performance and security solutions, today announced the results of a new, sponsored ChainLink Research report: Use Cases Driving the Current Surge in RFID Adoption. The ChainLink Research team surveyed and interviewed over 120 retailers from the Americas and Europe to explore the resurgence of interest and substantial growth in the use of RFID in retail.
The report describes the improvement opportunity, as measured by previous research: When compared to traditional manual bar code scanning, RFID enables cycle counting to be done up to 25 times faster. The research revealed that almost all of the retailers that are progressing with widespread RFID rollouts have seen a sales uplift in the categories where they implemented item-level RFID. This was primarily due to a reduction in out-of-stocks, driven by dramatic improvements in inventory accuracy that RFID brings.
Download the ChainLink Research Report Assesses Surge in Retail RFID Adoption by clicking the above Download Report link.
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