Retailers are facing the challenge of inventory and visibility needs in a consumer-centric, increasingly competitive retail environment. Based on multi-level, highly flexible enterprise resource planning (ERP) system to support RFID has helped many retailers and wholesalers to improve inventory accuracy and support "anywhere to buy, everywhere" consumer behavior, to ensure that products are always online, And not out of stock.

At the same time, retailers are beginning to explore other potential uses of RFID-related data, not just as an identification tag. RFID and ERP system, you can strongly support your full channel, personalized strategy development. If you have not implemented this technology, projects such as online shopping, store picking, store delivery, RFID price verification or automatic checkout, checkout, smart dressing room, and smart shopping cart can be a future growth opportunity The

In the case of the GS1 Smart Search, it makes it easier to search and describe the required products online. When consumers search for products in your shop, you can learn more detailed and accurate product information and related search results. The GS1 Smart Search can create structured data about the product and associate it with the Global Trade Item Number (GTIN). Then, this data can be through the search engine, smart phone applications and other channels, to provide customers with a better user experience.

RFID and ERP revenue

Although RFID can bring a lot of revenue, but many retailers have not adopted this technology. For small retailers, one of the biggest hurdles is the high cost of implementation, the priority of management, and what benefits it will bring when using RFID, and many companies do not choose RFID. However, there are already more and more retailers that the gains are much greater than the cost paid.

In the case of the Norwegian fashion retailer Moods of Norway, for example, over the past quarter, its online orders are shipped from the main warehouse in Stirling, which leads to the same product in the shop and warehouse are out of stock, in the store Can be found. After implementing RFID in brand stores and the rest of the supply chain, the company achieved nearly 100% accurate real-time inventory profiles to better support its full channel strategy.

Moods of Norway implemented RFID tags in its two stores in 2014 as a pilot. As the inventory accuracy increased significantly, the two stores have a significant increase in turnover, so the company decided to extend its RFID to all its stores.

More than 90% of Moods of Norway's inventory is now available with RFID tags. By using a hand-held RFID counting device, the time required for inventory is reduced from the original 30 hours to 1 hour and the inventory accuracy is as high as 100% The

The company's next strategy is to implement RFID in the main warehouse of Stirling to track the time when the product is picked up from the supplier, delivered to the store, and returned to the main warehouse at the end of the season.

Although RFID itself has a lot of revenue, but only when you combine RFID and ERP together, you will get a truly transparent product information flow.