“Recyclers motivated by green—as in money—have been stealing plastic pallets, trays and crates from retailers and selling them to plastic recyclers,” reports NRF® Stores® magazine.
Perhaps now’s a good time for retailers to think about implementing radio frequency identification (RFID) technology for container management. RFID smart labels applied to moveable assets such as returnable pallets, racks, trays and bins can help you keep track of their location, reducing loss and lowering operating expenses.
Read the full Stores article.
Learn more about RFID capabilities here, where you can find resources like this asset tracking white paper and this brand-new RFID solutions brochure.
RFID Growth Spurt Leads to Tech Shortages.
We’ve been talking about the growth and ROI benefits of item-level RFID, particularly in retail.
Supply Chain Digest reports that WalMart’s new apparel tagging program has helped lead to a supply drop in RFID EPC Gen 2 inlays, and that mobile RFID readers are now also in short supply. Why so? Lots of investment in RFID initiatives, including WalMart’s recent order for 20,000 Motorola mobile RFID readers, combined with “supply constraints that have lasted for months in basic electrical components that have cause delivery problems in a wide number of high tech gear, including mobile devices.”
In fact, Supply Chain Digest says that analysts at a major financial investment firm are predicting 300 percent market growth in RFID asset management for 2011.
Do you expect to join that growth, and invest in RFID for asset management and inventory visibility in the next year?
Read the Supply Chain Digest article.
See more about RFID printing/encoding here, where you can find resources such as our white paper “Traceability in Retail—Reducing RFID Media Costs for Best Value.”
Item-Level RFID ROI a Shoe-in for Florida Retailer
Giants like Wal-Mart aren’t the only retailers using item-level RFID to improve inventory accuracy and reduce inventory-related labor costs. An article in RFIDJournal.com explains how “Florida shoe retailer Peltz Shoes has saved approximately 1,500 man-hours in the past year by applying a passive RFID tag to every box containing a pair of shoes at each of its four stores.”
Just so happens the store is using RFID printers from Zebra Technologies to encode the RFID labels and print each with a price, description and bar code.
Check out the article.
What do you think—do you foresee your own stores implementing item-level RFID anytime soon? Do you think you could achieve the level of return on investment Peltz Shoes has?
For more about item-level tagging benefits, read this white paper. The paper also explores how “on-pitch” RFID printing and encoding technology can ensure data encoding accuracy while helping to improve ROI by reducing the cost of RFID label media by as much as 10 percent.
Discover more about RFID printing/encoding and Zebra RFID printer/encoders.
Walmart has officially launched an item-level RFID initiative requiring some suppliers to tag such apparel items as jeans and socks. You may have seen the report in the July 23 Wall Street Journal.
In RFID Journal’s report the same day, Myron Burke, Walmart’s director of store innovation, explained, “We are focused on items that require a more complex purchasing decision by the customer. With denim, the customer has to make a decision based on brand, style, size and cut, in addition to price, of course. There are other areas of the store where we sell items with similar attributes. Tires are one. Some electronics items, such as TVs, are another.”
RFID Journal also points to an Aberdeen Group survey that shows 57 percent of retailers use or plan to use RFID item-level tagging.
How about you? Do you see enough ROI from item-level tagging that you expect your stores to implement it anytime soon? If so, what sorts of items would you tag?
Read more about the ROI benefits of retail item-level tagging in our earlier blog article, and in the white paper “Traceability in Retail—Reducing RFID Media Costs for Best Value.”
We’ve explored both the use of apparel RFID tagging in retail, and the potential for QR codes. Now we’ve discovered a new use for both! Seems a charity shop in U.K. uses the two technologies to attach a personal story about each piece of clothing as told by the clothing’s donator. Shop visitors can listen to the audio clips via the shop’s RFID readers and audio speakers, or by reading the QR codes via their smart phones. The stories help enhance the value and appeal of the items for potential buyers. Thanks to RetailWire.com for pointing us to the article.
Do you see a place for such a concept in other retail applications?
For more on RFID in retail, check out this white paper: Traceability in Retail—Reducing RFID Media Costs for Best Value.
Click here to learn more about RFID printing/encoding in general.
While reusable travel mugs are not a novel concept, a variety of coffee houses are beginning to offer such mugs with embedded radio frequency identification (RFID) chips—enabling environmentally conscious customers to reduce paper-cup waste while also reducing their time to pay. Customers purchasing the mugs create an account into which they can load money. They then simply tap the mug against an RFID reader to pay for their coffee orders. At some coffee houses, customers also gain loyalty points when they use the mug, and some are buying preloaded mugs for others in place of gift cards. Read more in this RFIDJournal.com retail news article.
Can you think of other ways to use RFID to simplify customer purchases and build loyalty?
To learn more about RFID, click here.
Well, Shelf Talker just got done talking about How the Apparel Industry is Realizing the Benefits of RFID item-level tracking, when RFID Journal announced a webinar you may find of interest. The webinar is today, June 23, at 2 p.m. EDT—but will also be viewable on-demand. To register for “RFID Made Easy for Apparel Retailers: Cost-Effective Ways to Deploy RFID in Soft Goods Stores,” click here. Find RFIDJournal.com’s archived webinars at the bottom of this page.
To learn more about RFID and RFID printing/encoding, click here.