According to Truecount CEO Zander Livingston, one of the leading experts in RFID implementation and integration for the retail industry, without RFID, most retail companies lack reliable information about inventory and the activities relating to the shipping and receiving of items for their stores. They cannot track with precision when or where an item has been received, where it currently resides in the store or if and when it reached its final destination.
In fact, statistics from the RFID Research Center at the University of Arkansas place the current inventory accuracy rate for apparel stores in the U.S. at roughly 65 percent. By implementing item-level RFID, Livingston believes retailers can achieve up-to-the-minute inventory visibility that is approximately 99 plus percent precise.
"Increasing the degree of accuracy to the 99 plus percent level can be a huge competitive advantage for retailers," said Livingston. "Truecount's item-level RFID platform combined with ThingMagic advanced reader technology can streamline and accelerate inventory and management processes."
"ThingMagic solutions stand out as a leader in RFID. The innovative technology excels in tag reading speed, ease of integration and performance across many diverse operating conditions," continued Livingston. "Leveraging ThingMagic solutions can enable rapid deployment of RFID and a quicker path to ROI for our retail customers."
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