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"Using RFID, inventory read rates can be improved from an average of 63 percent to between 95 and 99 percent, according to Auburn University studies and validation by retailers. With RFID, retailers are able to see up to a third of their inventory which would be otherwise invisible, and therefore, unsellable," she said.
The total study sample was 801 apparel and general merchandise companies, although the RFID part of the research was directed to 177 companies, including manufacturers, retailers and retailers who are also manufacturers, like Macy's, VF Corp. and Levi's. The smaller number is comprised primarily of retailers in the apparel/footwear/accessories industry category, which is known to be the most aggressive in using and testing RFID. These retailers reported that 47 percent of items received have RFID tags.
The survey also reported that 48.2 percent of manufacturers said they were currently implementing RFID, with 18.4 percent planning to implement it in the next 12 months. Manufacturer respondents said 40 percent of apparel and general merchandise items have RFID tags.
"We believe RFID is nearing a tipping point because it is gaining traction as the most reliable solution in delivering on the omnichannel promise to the consumer," Nuce said. "Since around 2008, retailers have been strategically deploying item-level RFID and its effectiveness has been tested and proven in several types of use cases." With recent technological advances, more RFID deployments were made possible and they resulted in better equipment solutions, which led to more adoption and use.
"In the future, we expect to see more retailers collaboration”
