January 25, 2024 -
Radio frequency identification (RFID) uses radio waves to identify people or objects. There is a device that reads the information contained in a wireless device or tag from a distance without making any physical contact or requiring a line of sight. RFID technology can drive efficiencies across your organization and will become an essential part of your business success strategy.
RFID technology has been commercially available in one form or another since the 1970s. Now, it’s a part of our daily lives and can be found in key tags/cards, employee identification cards, medical billing systems, highway toll tags, and security access cards to mention a few.
For retailers, RFID technology is a way to identify items using radio waves. It transmits data from a tag to a reader, giving you accurate, real-time tracking data of your inventory. In addition, RFID can increase efficiencies to create a better overall shopping experience for the consumer.
The many benefits of RFID technology:
The usage of RFID technology has become limitless in the last decade. It has proven to effectively improve efficiency, reduce costs, and increase revenue in any size organization. Below we have outlined the many benefits of adapting Radio frequency identification technology into your business.
RFID helps improve inventory management:
Radio frequency identification provides retailers with improved inventory accuracy and stock reliability, which leads to increased sales and customer satisfaction. In addition, it provides real-time information on inventory levels and stock details such as quantity, models, color, and size.
Radio frequency identification-powered self-checkout can enable your customers to pay for their purchases without going through a cashier or a traditional barcode scanner. This can provide a rapid checkout experience for the shopper enhancing their overall experience with your business. RFID self-checkouts are also more accurate, and secure, and can lead to a more efficient and streamlined process.
RFID technology can help decrease loss prevention:
To maximize security, retailers are looking to this technology to minimize theft and reduce overall administrative error. Radio frequency identification allows retailers to identify which items have been stolen, what time they were stolen, and can provide video of the shoplifter. This helps you identify shoplifting trends and build a case against a perpetrator with authorities.
Other benefits of RFID technology include the efficiencies in receiving inventory, lowering tracking time and automating re-ordering of stocking levels.
Drive higher revenue in your business:
By improving inventory management, organizations using RFID offer a competitive advantage and promote increased customer satisfaction while generating higher sales and better margins.
Is RFID safe?
Yes, it’s very safe. No personal information is stored on the card itself, only a number, which points to the information housed in secure databases.
There is no question that RFID technology, especially at the retail level, is advancing in both speed and accuracy of data capturing. To see how this technology can help you improve your organizational efficiencies, contact one of our Vanguard ID Systems Technical Representatives today at 1-800-323-7432 or email us at firstname.lastname@example.org