Bloomingdale’s exec: RFID boosts inventory accuracy, sales Article by Rachel Lamb, Luxury Daily NEW YORK – The usage of RFID by retailers can give them consistent access to inventory and on-shelf availability, therefore growing sales by increasing accuracy in product availability, according to a panel at Aberdeen’s Third Annual Retail and Consumer Markets Summit. A [...]
Only agents of change will survive as the industry grows. By Joe Andraski, July 16, 2012 It wasn’t long ago that companies were offshoring manufacturing, subassembly, technology, customer service, accounting and more. This isn’t to say that the practice has significantly changed—at least, not yet. The rapidly declining global economy, the increase in inflation, the [...]
RFID can “take 96 percent of the time and effort out of cycle counting.” —RFID Research Center, University of Arkansas, Dillard’s Initiative, Apr. 30, 2009; Bloomingdale’s Initiative, Aug. 24, 2009 RFID can increase inventory accuracy between 17 percent and 27 percent —RFID Research Center, University of Arkansas, Dillard’s Initiative, Apr. 30, 2009; Bloomingdale’s Initiative, Aug. [...]
The RFID World Asia 2012 conference showed the value of item-level radio frequency identification. By Joe Andraski, June 18, 2012 VILRI had the good fortune of being invited to present at the RFID World Asia 2012 conference and exhibition, where we participated in a panel and chaired day two of the event. It was well-organized, [...]
The technology supporting item-level tracking is sound and continuously improving. By Joe Andraski, Aug. 7, 2012 We know from experience that anything new in business—in terms of process and/or technology—takes time to be accepted. There are always a myriad of reasons why companies put off change. There is competition over investment dollars and a wide [...]
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