Boost Retail Security with RFID Tags
If you’re worried about losses due to security threats like theft, fraud and even human error, then it’s high time you invested in something to minimize or completely eliminate them. One solution that seems to work for a lot of retail companies are RFID systems. Let’s take a look at what they can do below:
Keep track of inventory at all times
Theft is not the only cause of losses in the retail industry. Sometimes, it’s simply misplaced inventory. A decent RFID tracking system allows you and your staff to know exactly where each item is at all your stores.
However, if you’re looking for more end-to-end solutions, i.e., RFID tracking from the warehouse or manufacturing facility all the way to your physical stores, there are service providers that offer more comprehensive and sophisticated options as well.
Monitor inventory levels
A lost sale because of unavailable inventory still counts as a loss, so it’s crucial to have all items in stock at all times, especially your best-sellers. Manually keeping track of all your products, especially if you have a massive inventory, however, is not only time-consuming, but is also prone to human error. RFID tags solve this problem by providing you with automatic and real-time updates regarding your inventory levels, which can then be fed into a reader that’s connected to an automated inventory management or ordering system.
Minimize risk of supplier error
In some cases, suppliers make incorrect declarations as to the actual amount of inventory you are receiving from them. And the bigger the shipment, the harder to detect and more costly the error becomes. An RFID tracking system also addresses this by keeping track of each unique item and then having your inventory management system generate an automated report based on the data.
Prevent shoplifting
Of course, actual theft – either by outsiders or employees – is still one of the most common and direct causes of losses in the retail industry. It is a very real security threat, but it can also be easily solved using a good RFID tracking system. Simply attach an RFID tag to each product and install scanners on all entry and exit points and you’re all set.
The bottom line is that, a good inventory monitoring, identification and tracking system goes a long, long way in protecting yourself from losses due to the most common retail security threats.