There is no way to get inventory accuracy up to 95 percent or better without the technology—and if your inventory accuracy is low, shoppers will simply go elsewhere. – Page 1
Aug 28, 2017—
After my column last week was published, I received an email from a subscriber who asked, “Do you think RFID is essential for all retailers? That is, do you think we will all have to invest in RFID?”
“All” is an absolute term, and it would be difficult for me to say categorically that every single retailer on the plant will need to use RFID. There are always exceptions. But I would say, with certainty, that the vast majority of retailers will, indeed, need to use radio frequency identification technology.
I say that for the simple reason that it is very difficult, if not impossible, to get inventory accuracy up to 95 percent or better without RFID.