The wonderful interpretation of RFID technology in the retail industry
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August 12 14:08:11, 2022
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The competition in the future retail industry is no longer a single competition between enterprises and enterprises, but a struggle between supply chain and supply chain. At present, many retail giants in the world have adopted advanced supply chain management systems, and some have even issued orders to force the use of RFID technology, such as Wal-Mart, Marks & Spencer, Albertson, Tagit and other large supermarket chains. RFID technology has been applied for supply chain management.
The fully electronic supply chain management system based on RFID technology can share sales, inventory, cost and other information with suppliers in real time. In this way, suppliers can keep abreast of product sales and inventory status, greatly reduce communication costs and replenishment time, and have a more accurate grasp of market response. The following author will share the application of two RFID technologies in retail supply chain management.
Wal-Mart: Improving supply chain efficiency
Wal-Mart is the world's largest retailer with the largest turnover, ranking first in the world's top 500 for many years. Its success has a lot to do with having an efficient supply chain system, and the foundation of this system is the use of RFID technology.
In 2005, Wal-Mart asked the top 100 suppliers in the system to adopt RFID technology and set up a huge data center at the company's headquarters. The data center receives retail data transmitted by communication satellites and backbone networks every day, including product information of all Wal-Mart stores, logistics, and distribution center truck container information. As long as it is related to retail operations, Wal-Mart's supply chain system can be monitored in real time.
What role does RFID technology play in Wal-Mart's supply chain management?
1. Supply chain operation efficiency is improved
Previously, it was necessary to spend several hours to complete the work of checking the goods on the shelves. With the application of RFID technology, the same work can be completed in 30 minutes.
2. Automate workflow
With the introduction of RFID technology, Wal-Mart can automate ordering, automatic sorting and automatic screening.
Wal-Mart retail stores have a wide variety of goods, ranging from 80,000 to 100,000. More than 900 items are automatically selected every week. In an era when manual ordering is required, such workload is large and error-prone. After adopting RFID technology, Wal-Mart can automatically generate electronic orders, which not only reduces the inventory of goods, saves storage space, but also effectively reduces labor costs, making information flow, logistics and capital flow more compact and effective. Increased efficiency. In addition, the visibility of the warehouse has been greatly improved, allowing suppliers and managers to see the inventory and arrivals at a glance.
3. The replenishment rate is improved
The University of Berkeley has conducted a quantitative relationship test for Wal-Mart. The test results show that through the use of RFID technology, the cargo shortage rate has dropped by 16%, indicating a 16% increase in sales. Affixed with RFID The goods label, which is affixed to the replenishment rate is not more than the RFID tag 3 times goods replenishment rate.