CREATING TRANSPARENCY WITH RFID TECHNOLOGY · RFID TECHNOLOGY RFID AND CUSTOMER BEHAVIOUR RFID,...
Transcript of CREATING TRANSPARENCY WITH RFID TECHNOLOGY · RFID TECHNOLOGY RFID AND CUSTOMER BEHAVIOUR RFID,...
CREATING TRANSPARENCY WITH
RFID TECHNOLOGY
W H I T E PA P E R
CREATING TRANSPARENCY WITH
RFID TECHNOLOGY
RFID AND CUSTOMER BEHAVIOUR
RFID, Radio Frequency Identification, uses data located in a small chip attached to the trimmings of the garment. It collects crucial data to optimize your stock move-ments creating transparency throughout the supply chain – data that helps to un-derstand the consumer behaviour and stock accuracy in real time.
HAVING PROBLEMS WITH INVENTORY MANAGEMENT AND ACCURACY?
Then you are not alone. Creating transpar-ency in the supply chain is a challenge, and the consequence is often excess inventory which, in some cases, is cheaper to discard than to sell.
But how to ensure a healthy supply chain by tracking the constantly changing con-sumer behaviour and market develop-ment? RFID technology is one approach to create transparency which also supports a sustainable mindset.
Increased productivity: Through an automatic product scanning process RFID reduces the time of circle stock counting for replenishment as well as annual inventory stock counting
Improved inventory management such as reduction of inventory, overstocking and time spent in product receipt
Optimising internal processes, systems and sales performance
Improved real-time data accuracy resulting in better product availability and elimination of excess inventory
ADVANTAGES OF RFID, CONCERNING THE RETAILERS’ SUPPLY CHAIN:
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In A-TEX we act as the link between our customers and
their manufacturers by creating a secure and effective
environment within data management, which leads to
an effective and sustainable supply chain.
- Dennis Sand Eskesen,
Business Development Manager, Source Tagging Solutions
PHOTO © A-TEX 2019
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In addition to these benefits, RFID has a huge potential to support and enhance a more sustainable supply chain. How? Achievements such as optimised sales performance and improved data manage-ment is a determining factor in the elimina-tion of excess inventory and waste.
As stated by one of our RFID partners, Nordic ID, a leading European RFID solu-tion provider:
Solving the overstock issue naturally leads to improved logistics and reduced emis-sions by eliminating incorrect consign-ments.
We believe RFID is the solution for ending large inventory excess issues in the retail industry. It supports the sustainable ac-tivities needed to build a transparent and sustainable supply chain - environmentally and economically.
RFID AS A
SUSTAINABLE SOLUTION
PUBLISHED BY
A-TEX A/S 2019
Rosenholmvej 1-5 / DK-7400 Herning
+45 96 29 00 00 / [email protected]
CVR 18435543
www.a-tex.com
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If you can count on having the right amount of products at
the right time in the right place, you can reduce the waste
of natural resources and minimize the environmental
impact of your business.
- Nordic ID
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RFID