60 Second Guide to Measuring the Impact of RFID
ECR Community is a flagship for delivering consumer benefits through collaborative practices between trading partners along the consumer goods value chain.
We provide a neutral platform on which to develop, disseminate and foster the implementation of these practices.
We consist of a network of National ECR Initiatives each of which brings together manufacturers, retailers and in many cases, service providers within their country. Please see the latest White Paper on “Measuring the Impact of RFID” which makes interesting reading.
Driving Sales: The primary goal of investing in RFID was to deliver improvements in inventory visibility and accuracy, which in turn would grow sales.
Optimising Stock Holding: Respondents also recognised the potential of RFID to optimise stock holding, reducing capital outlay and improving staff productivity.
Fewer Markdowns: Most case-study companies regarded RFID as a key tool in helping to reduce the amount of stock offered at discounted prices.
Helping to Drive Innovation and Business Efficiencies: RFID was frequently viewed as part of a broader organisational change project focussed on putting enabling technologies in place to drive transformational change to achieve future success.
Recognising the Omni Channel Imperative: RFID was viewed as a key driver in developing the capacity to deliver a profitable omni-channel consumer experience – in effect the organisational ‘glue’ that will hold together much of the architecture of 21st Century retailing.
Click here to view and download “60 Second Guide to Measuring the Impact of RFID“