January 12, 2011 – RFID is expected to drive greater impact on the retail and manufacturing supply chain business this year, according to new Aberdeen benchmark research.
Currently, only 20 percent of retailers measure and track inventory accuracy using RFID, radio frequency identification tags for detecting and locating objects as well as monitoring an object's condition and environment. However, 61 percent of companies plan to start using RFID-enabled real-time inventory data for managing in-stock accuracy within the next two years, Aberdeen reported. According to Aberdeen’s research, the evolution of RFID as an enabling store technology has prompted retailers to investigate the technology’s value across four goals: process efficiency, product and demand visibility, shrink management, and increasing profits.
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