Inventory & Material Management in Retail Stores
Simplify Inventory Management
Retail warehouses and distribution centers typically have large volumes of inventory. The management of this inventory is paramount to business operation. RFID provides the ability to scan this inventory in bulk rather than having to individually scan each item one by one. It also allows for collection of data throughout traditional warehouse and distribution operations.
How it works
1. Tag Items
Inventory and goods are tagged with RFID labels. Typically RFID labels are attached to individual units so they can be tracked downstream in the supply chain. In other cases, the RFID labels may be attached on the individual cases or pallet levels. Each RFID label is serialized. Oftentimes an RFID printer may be used to automate the printing and encoding of the RFID labels.
2. RFID Reader
RFID handhelds can be used to conduct cycle counts or physical inventory counts using RFID. The key benefit is the speed of data collection as opposed to a barcode or manual count. This operation allows companies to do inventory counts more often and leads to higher inventory accuracy.
3. Data Collection
The data that is collected can assist with business discussions such as tracking of inventory throughout a retail store front. In addition, the ability to conduct cycle counts and physical inventory counts in a more cost effective and efficient way produces intelligence on variances right away.
Automate Cycle Counts/ Physical Inventory Counts
Use RFID handhelds to quickly and accurately count your inventory. Choose between a guided (see variances while scanning) or blind (only see what’s been counted) count.
As product moves throughout your facility, take advantage of strategic read points to collect the movement of inventory. Examples of this include at the Dock Door or even in pick lanes and staging areas.!
Increase inventory accuracy
Reduce manual counting efforts
Improve inventory turn rates
Determine variances quickly and rectify
Highlight operational errors with simplified data collection
Workflow Automation using RFID & Mobility technology with the TagMatiks platform
City Furniture leverages RFID technology to automate inventory management workflows including cycle counting their retail showrooms.
TagMatiks Wedge can be used to collect RFID inventory data in a cost efficient manner and provide simple approach to data collection. For example, use the Wedge application to collect data and generate a simple flat file to export to your ERP or WMS of choice.