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Financial Value Of Enhanced RFID Accuracy And Coverage

Sabesan Sithamparanathan OBE FREng FIET, Founder & President PervasID on the financial value of enhanced RFID accuracy and coverage, including boosted efficiency, reduced costs, and maximized ROI. In this insightful video, discover how achieving 99%+ RFID inventory accuracy can revolutionize your retail business. Learn how real-time inventory tracking and improved stock availability directly impact sales uplift, not only for in-store shopping but also across omnichannel fulfillment options like click and collect and ship from store. Explore the limitations of traditional manual inventory scanning methods and how they pale in comparison to the power of RFID technology. Understand the correlation between on-shelf availability and increased sales, with studies showing that a mere 2-3% improvement in stock accuracy can lead to a 1% boost in revenue. Dive into the benefits of real-time inventory visibility, enabling efficient shelf replenishment and eliminating the need for time-consuming daily manual scans. Discover how this technology empowers retailers to optimize labor allocation and reduce costs associated with inventory management. Learn how advancements in RFID hardware and software solutions are driving down total cost of ownership, making the technology more accessible and cost-effective for retailers of all sizes. Understand the impact of factors like hardware costs, installation expenses, and coverage area on the overall ROI of implementing an RFID inventory management system. Stay ahead of the curve in retail innovation and unlock the full potential of your omnichannel strategy with cutting-edge RFID technology. Don't miss this opportunity to learn how industry leaders are leveraging real-time inventory tracking to drive sales growth and streamline operations. Watch the full video here:    • How To Achieve 99%+ Inventory Accurac...   #retail #retailing #fashionretail #luxuryretail #advertisingandmarketing #onlineshopping #shoppingandtheretailindustry #supplychainmanagement #SupplyChain #RFID #Innovation #Efficiency #RFIDInventoryAccuracy #StockAvailability #SalesUplift #OmnichannelRetail #ClickAndCollect #ShipFromStore #ManualInventoryScanning #RealTimeInventoryTracking #OnShelfAvailability #ShelfReplenishment #ROI #HardwareCosts #InstallationCosts #TotalCostOfOwnership #RetailTechnology #InventoryManagement #RetailInnovation