Revolutionising RFID Inventory Management for Retailers
The retail industry is constantly evolving with new technologies emerging that promise to transform how retailers operate. Zebra Technologies' SmartLens is one such technology that is gaining popularity for improving inventory management processes with radio-frequency identification (RFID) technology. Here at MiTEQ we work with several large, international retailers to design and implement bespoke RFID solutions to effectively manage assets and optimise operations, get in touch for an initial chat to understand how tracking technology can help your business.
RFID technology has been around for years but its adoption in retail has been slow. However, this trend is changing as RFID technology becomes more affordable and accessible. According to a report published by Grand View Research in May 2021, the average cost of passive RFID tags has decreased by more than 50% in the last five years due to technological advancements and increased adoption. With an increasing need for inventory management and the rise of omnichannel retailing, it’s not surprising that more and more retailers are adopting RFID technology, with SmartLens being a leading solution in this space.
Zebra Technologies is leading the way in RFID adoption by providing retailers with a comprehensive solution that delivers real business benefits. SmartLens is a game-changer for retailers who want to streamline inventory management and achieve greater efficiency.
The benefits of RFID technology are numerous. RFID tags can be read from a distance, saving time and allowing retailers to complete inventory counts quickly and accurately. RFID tags are also more durable than traditional barcodes, reducing the number of lost or damaged products and improving supply chain visibility.
SmartLens takes these benefits to the next level by providing retailers with a comprehensive inventory management system that is easy to use and delivers real-time visibility of their inventory levels. Retailers can use the data collected by SmartLens to identify consumer behaviour trends, track product performance, and make informed decisions about inventory levels.
One of the key benefits of SmartLens is real-time visibility: Retailers can quickly identify when a product is running low and take action to replenish it, reducing the likelihood of stockouts and lost sales. SmartLens also helps retailers to reduce costs associated with inventory management by automating the inventory counting process, freeing up staff to focus on other tasks, while improving the accuracy of inventory counts by automatically capturing of inventory data in real-time, reducing errors and providing more accurate data for retailers to work with.
In conclusion, SmartLens is a powerful tool for retailers seeking to streamline their inventory management process and improve efficiency. With RFID technology, retailers benefit from improved accuracy, reduced costs, and real-time visibility into inventory levels. SmartLens provides a comprehensive inventory management system that delivers real business benefits, helping retailers to optimize operations and improve overall performance.
To understand how RFID can help your business, contact the team today.