A Meet the Boss roundtable brought to you by Simply RFiD
In an era where the bulk of retail is shipped directly from the store, top retailers have had no choice but to have completed systems to manage inventory accurately and at a weekly level. However, retailers focusing on omnichannel delivery need a method for more accurate inventory – more often. According to a recent Gartner report, manual labor counts are about 18% inaccurate, not no mention incredibly time-consuming. After all, they can only occur quarterly.
Another Gartner report showed 25% of top retailers have implemented radio-frequency ID tracking (RFiD) to tackle the inventory accuracy issue. In fact, McKinnsey State of Fashion just reported that the commonality of every top retailer is their use of RFID for inventory. Why? Because omnichannel and curbside delivery (order online, pickup anywhere) can only be enabled if stock levels are accurate and current. So, how can your organization dominate inventory accuracy with RFiD technology?
Join Simply RFiD and a select panel of industry executives as we discuss the challenges with balancing inventory and omnichannel purchasing, as well as how RFiD can reduce labor, increase accuracy, and enable customer functions.