RFID
RFID Talk Blog

Improved inventory visibility allows retailers to curb shrink

This week’s issue of RFID 24-7 looks at the loss prevention benefits retailers are gaining from deploying RFID. We’ve posted our lead story here, in the event you missed yesterday’s issue.

When retailers build a business case for deploying RFID, they often start with the improved inventory accuracy that the technology can deliver.

“We were very focused on inventory accuracy,” says Bill Connell, senior vice president of logistics and operations at Macy’s. “Our journey began with achieving the benefits from accurate data.”

Retailers, however, are starting to realize benefits beyond improved inventory visibility. German retailer Gerry Weber has already integrated RFID with its EAS system to curtail theft, and American Apparel has reduced shrink by 75 percent at some of its RFID-enabled stores.

When American Apparel deployed RFID, the goal was all about improved inventory visibility. The technology lived up to its reputation, and the retail chain’s 120 RFID-enabled stores operate at a 99.8 percent inventory accuracy rate, almost unheard of for an apparel chain with such varied SKUs.

But RFID had an unexpected side effect. By attaching UHF tags to about one million pieces of apparel a month, American Apparel has reduced shrink by an average of 55 percent. Some locations curtailed theft by as much as 75 percent.

Click here to read the full story.

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