RFID is essential when it comes to tracking assets accurately and quickly and protecting against theft and loss. While statistics show that the amount of theft within retail stores is constantly increasing, so are the inaccuracies when it comes to tracking the inventory. RFID technology offers more benefits than manual and barcode processes when it comes to tracking inventory of the assets within your retail store, inclusive from the time they are manufactured until the time that they leave the store.
Tracking inventory manually can take many people and can be very time consuming, causing inaccuracies along the way that may not be recognized until it is too late. RFID prevents inaccuracies and doesn’t need to scan each asset individually, because RFID reads multiple tags simultaneously and at long distances. RFID also does not require the tag to be seen in order to track it. Most of the RFID tags placed on products are placed underneath the product where people cannot visibly view them. RFID can still track the product despite the placement of the tag. As a result of these advantages, RFID plays a critical role in tracking assets for the top retailers across the globe, providing speed and efficiency. From the time the assets are manufactured, they are steadily tracked to keep stock lists up to date until the time they are removed when they leave the store.