How RFID Solutions are Advancing with Technology and Expanding Across Industries
Although RFID technology has been around for some time, it is now being used more often in a variety of industries. With the evolution of technology, RFID solutions are able to meet the growing customer demands and company needs for efficient inventory management and operations. From retail to the automotive industry, RFID solutions are providing accuracy, speed, and ease in tracking products and parts.
RFID Solutions in the Retail Industry
Customers want convenience when shopping. The less time they have to be in a store, the better. RFID solutions in the retail industry are reducing customer wait times and keeping accurate track of inventory.
According to an article from Consumerist, RFID technology is improving retail business by reducing inventory errors and tracking products efficiently. With RFID tags on clothing and other retail products, businesses can:
- Easily locate inventory. If a customer is looking for a specific size or type of product, stores can quickly look up the location of the product with the RFID-tracking system.
- Avoid errors in inventory. Retail businesses might lose customers who come in expecting a product to be available when it actually isn’t. RFID solutions can prevent errors in inventory, so customers won’t see products as “in stock” online, come into the store, and then become annoyed when the product isn’t there.
- Track product-customer behaviour. If a product’s location can be tracked throughout the store, businesses can examine patterns in product-customer behaviour. This could help determine why customers don’t end up purchasing the product, especially by causing businesses to take a closer, more critical look at the product in question.
- Prevent theft. RFID tags have been used for years to set off alarms in stores when passing the tag detector. And now, they are also being used to track the location of inventory, which reduces shrink as a result of being able to better locate the product.
- Reduce the need for staff. With the evolution of RFID technology, retailers can now have cashier-free stores, such as Amazon Go. The RFID tags on products are scanned as customers exit the store. Customers are then charged for their purchases electronically. This not only saves money on staff wages, but it also eliminates the wait time in stores. There is no need to wait in a long line anymore.
RFID Solutions in the Automotive Industry
RFID technology is also improving operations in the automotive industry and meeting the growing customer demands for custom-built automobiles. An article on the evolution of RFID technology discusses how RFID tags can now be placed on cars during manufacturing, thanks to their ability to withstand the harsh environment.
The tag placement allows manufacturers to label personalized parts of cars during assembly, keeping the specifications accurate to the customer’s order. RFID tags are now designed to:
- Withstand high temperatures during manufacturing.
- Be read quickly while the car or part is in motion (0.5 ms/byte).
- Be read from further distances (up to 500 mm).
- Be mounted directly on metal.
RFID solutions also include being paired with sensors to keep track of assets and their environmental conditions, such as:
- Temperature, and
Companies are also now using cloud-based applications and services to efficiently manage and track inventory with RFID solutions. This can eliminate the extra costs associated with the necessary tech support of the pre-cloud era. Advancements in technology have also helped with printed electronics and improved antennae design, further improving RFID tag performance and readability.
With the advancements of RFID technology, the ever-growing demand for efficient RFID solutions to keep track of inventory can be fulfilled. RFID solutions are now meeting the many needs of customers and businesses in a variety of industries and more efficiently than ever before.