How RFID Is Transforming the Future of Retail

By: ScanSource

RFID is transforming retail by meeting consumer demands for speed and seamless, real-time omnichannel service. Once optional, RFID is now a mainstream necessity, with studies showing 93% adoption and rapid ROI, often within a year.

This technology offers crucial benefits, starting with real-time inventory visibility, which boosts accuracy from around 63% to over 95%. This precision significantly reduces both out-of-stock rates by up to 50% and inventory shrinkage by providing detailed loss detection. By ensuring accurate, instantaneous product availability across all channels, RFID powers enhanced customer experiences like Buy-Online-Pickup-In-Store (BOPIS).

Ultimately, RFID is a scalable, strategic asset that enables faster, smarter retail operations, creating a major opportunity for technology providers who offer complete hardware and integration solutions.

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