RFID technology helps the application innovation and business model transformation of the retail supply chain

As online shopping continues to grow rapidly, retailers supply chains must also keep up with demand, provide unprecedented convenience, and help companies increase consumer loyalty in order to achieve solid sales. If you want to remain competitive in a market full of e-commerce giants, retailers can no longer rely on traditional or outdated supply chain processes. Therefore, many retailers have begun to shift their focus and equip them with various high-tech to transform their supply chains.

所以为了提高库存racy and avoid inventory waste, many retailers are implementing smart inventory management through Internet of Things (IoT) technology (such as RFID). Using the RFID platform can increase the inventory accuracy to 95%, and through RFID electronic tags, the shortage of goods can be reduced by 60-80%. In this way, it is not difficult to understand why more than 70% of retailers are planning or have used RFID technology.

Retailers use RFID technology to improve inventory visibility, which can better meet inventory needs and make inventory forecasts. Research shows that by 2021, 75% of retailers will plan to invest in predictive analysis technology. If retailers can keep abreast of which products are selling well and which products are not selling well, they can better manage inventory, avoid out-of-stocks and excess inventory, thereby ensuring a pleasant shopping experience for consumers.

The 2020 market insight report pointed out that the retail industry is undergoing a "revolutionary" digital transformation, the supply chain will become more and more transparent, and data will be shared across industries to ensure flexibility and sustainability. A new research report released by Avery Denison shows that the new coronavirus has not slowed down the digitization of supply chain data, but has accelerated the digitization process. Part of the reason is changes in consumer demand. The supply chain is expected to provide greater transparency and flexibility. Those companies that have digitized the supply chain and can automatically track individual commodities in the supply chain are better able to deal with various uncertainties in the future.

Although it is widely believed that IOT technology will provide the necessary digital transformation in a changing economy, there are still obstacles ahead. For example, 67% of respondents said that they are actively maximizing the potential value in their supply chain, but more than 30% said that they have not yet fully utilized all available opportunities. There are many reasons for this situation, including a lack of awareness of these opportunities. 31% said that lack of awareness is an obstacle. In addition, 35% of people pointed out the skills gap, and the other 35% thought that the investment cost was too high.

At present, in all aspects of the retail supply chain, the application of RFID technology is still at a relatively low stage of development. How to achieve the maximum benefit of RFID technology in the retail supply chain and reduce investment costs has raised new issues for the traditional supply chain coordination .

Install the Honglu UHF channel access control at the entrance and exit of the warehouse. When the goods pass through the warehouse door, the data on the container label can be automatically identified, collected, and uploaded to the system. The system checks this information with the electronic data of the delivery notice. The inventory system of the supply chain will also be updated in time when the goods are put into storage. This process does not require manual operation, which greatly reduces labor costs.

When warehousing, RFID technology ensures that the warehouse can deliver the goods to the retail store accurately and quickly: forklift workers receive orders through instructions and read RFID electronic tags to confirm the location, type, time, quantity and other information of the goods. , The picked goods are sent to the packaging area, and then loaded on pallets and transported to the designated store.

The supply chain system based on the Internet of Things technology grasps all the information about the purchase, sales and storage of goods, from the ordering of the goods, the date of delivery, the storage time, transportation, receiving, warehousing, sales, settlement to reordering, not only guarantees the accuracy of distribution, and reduces The labor cost can also automatically predict sales volume, draw up purchase plans, and issue orders based on the historical records of the information system, so that inventory levels can be controlled within a reasonable range. Honglu UHF RFID reader has a high accuracy rate, which can scan cargo boxes and goods accurately and quickly. The information content in the RFID electronic tag is large, and it has strong anti-interference ability. It can be used repeatedly and has a high The security and confidentiality can be reused, which is more environmentally friendly while saving costs.