RFID in Smart Retail

In recent years, the rapid development of RFID technology has brought qualitative leaps to the supply chain management of the retail industry. With the forced use of RFID supply chain management technology by international retail giants such as Walmart, Metro, and Albertson, the competition between finished product supply chains has become a key factor in the future competition in the retail industry.

With the increasing penetration rate of RFID electronic tags in the retail industry, RFID technology has gradually begun to be introduced in the entire management system of clothing, and it is expected that in the next few years, the penetration rate will be faster growth. According to data, at the beginning of 2017, the global chain retail industry based on clothing has a demand for more than 5 billion RFID tags. Such as Heilan Home, ZARA, UR, Decathlon, Uniqlo, etc., have fully implemented RFID projects. 

RFID electronic tags are widely used in the clothing industry, among which there are two key factors: First, the nature of the RFID tag on clothes in this scenario is consumable, once the RFID chip clothes is transferred to the hands of the end consumer, the RFID tags for garments will be consumed; Another key reason is that due to the fierce market competition, the average cost of a single electronic tag in the domestic application scenario is less than 70 cents, which accounts for only 1% of the price of a piece of clothing.

Through the use of RFID technology, it can make the supply chain logistics management more transparent and improve the inventory turnover rate, effectively reduce the loss of stock, and improve the logistics efficiency within the enterprise.

First, the logistics speed is fast, the goods transfer points are fast, and the logistics operation efficiency is improved;

The second is accurate data, accurate collection of goods circulation data in all links of logistics management.