What are the Top RFID Solutions Worth Considering for Your Retail Store?
Because RFID is at the forefront of retail innovation, you might be wondering if RFID solutions are right for your business. With thousands of tag form-factors on the market, it can be a daunting task to decide on the best RFID security solutions for your needs. Today we’ll go over the types of RFID solutions with suggestions for retailers in different sectors.
What Are RFID Solutions?
RFID solutions include a wide range of products, from the tiniest RFID microchip to fixed RFID readers installed in warehouse doors. These options include RFID security solutions such as RFID tags and labels and RFID asset management solutions such as RFID readers.
With so many RFID solutions on the market today, retailers are likely to find a combination of RFID tags and readers that fit the unique needs of their business. RFID is a popular solution for retailers looking to improve operations in specific areas such as:
- Loss prevention
- Inventory control
- Asset management
- Product data
- Sales and marketing strategies
How to Determine If You Need an RFID Tracking Solution
If you’re not sure how to determine if you need an RFID tracking solution, try this exercise: Imagine the end result of adding RFID technology to your store. Then work backwards to figure out how RFID can help your organization.
For example, active RFID tags are extremely durable and have read ranges of up to 100 meters, making them an ideal solution for retailers with assets that need to be tracked over long distances.
In comparison, passive RFID tags are very small and affordable, so they’re a great option for retailers who want to use RFID to get item-level visibility of their store inventory.
Ask yourself questions like:
- What do I want RFID to do for my organization?
- What areas of my business do I want to focus on?
- Do I want to improve supply chain management, inventory control, asset management or something else?
- Do I want to roll out RFID in just one or two stores or all my locations?
- Who will be using this RFID system?
- What is my budget?
By answering these questions, you can figure out how to determine if you need an RFID tracking solution.
RFID Solutions for Apparel Inventory Management
RFID offers a proven solution to help apparel retailers increase inventory accuracy and visibility and implement efficient source tagging. With RFID, you can track the movement of your apparel assets from the manufacturer to your store floor, giving you full visibility of your supply chain.
RFID asset management solutions offer retailers a real-time view of every item in their store, including data about color, size and location. This allows your store employees to spend less time looking for products and more time selling them.
Among our line of CONTROLTEK RFID solutions, the MiniStick is the perfect solution for retailers looking for a light and highly versatile RFID tag for apparel.
RFID Solutions for Electronics Retailers
Because electronics are incredibly popular among consumers who shop both online and in store, electronics often go out of stock more quickly than other types of merchandise, creating a frustrating experience for customers.
With RFID added to their stores, electronics retailers can have item-level visibility of their store with 99 percent accuracy. When retailers notice items that are low in stock, they can quickly place an order with their supplier based on recent inventory patterns. This eliminates the need for manual inventory counts and can convert would-be abandoned online carts into completed purchases.
RFID Security Solutions for Cosmetics Retailers
Cosmetics are one of the most stolen products in the retail industry due to their small size and different types of packaging. However, RFID asset management solutions are available as stickers that can be applied to items of all shapes, sizes and materials.
By tagging every cosmetics item in your store, you can look for patterns of retail loss. For example, are cosmetics being stolen in a specific area of your store or does it look like only certain types of items are being stolen? With this data on hand, you can finetune your loss prevention strategy to address these concerns and watch theft drop.
A CONTROLTEK RFID solution ideal for retailers who sell cosmetics are our high-performance RFID labels, which come in a variety of shapes, sizes and colors and can be customized with your logo.
RFID Solutions for Grocery Stores
RFID has an especially unique application in grocery stores, where retailers are starting to add RFID-powered sensors. With RFID technology, store shelves can detect when a product is removed from its shelf, along with precise data such as its UPC and even its expiration date.
This implementation of RFID has been seen in revolutionary retail experiences such as Amazon Go. By eliminating the need to physically ring up purchases and complete transactions, retailers can save on operations costs and free up employees’ time to focus on customer service.
Improve Retail Operations with CONTROLTEK RFID Solutions
At CONTROLTEK, our industry experts work with companies of every size to deliver RFID solutions to improve their operations, whether that involves tracking assets, managing inventory in real time or increasing their customer satisfaction. With a variety of RFID solutions available, we can create a customized RFID system to address your concerns and fit your budget.
Get started with RFID solutions for your retail store and contact us today!