Retailers Start to Grasp Sales Opportunities From RFID Warehouse Management

Faced with fierce competitive pressure, retailers need efficient warehouse management solutions to meet consumers' increasing demand for order fulfillment speed and flexibility. All retailers, especially physical stores, know that consumers should be the top priority. But retailers also need to realize that the most complete in-store experience starts in the warehouse so that they can remain profitable in the future.

[RFID warehouse management can be equipped with Wanquan smart rfid reader according to project requirements]

Problems that most retail warehouses need to solve

1. The rapid development of brand retail end, traditional bar code methods and warehouse equipment are difficult to meet the development of enterprises;

2. There are many processing plants, and the source label plan needs to be managed in a unified manner;

3. Extremely fast supply chain management system, collaborative information needs further real-time and rapid response;

4. The distribution of the warehouse needs to be dispatched in a very short time;

5. Ten thousand models are put on the shelves every year, and the collaboration of many departments is prone to errors;

6. The inventory, receiving and dispatching of the store consumes a lot of time and energy of the store staff, which will indirectly affect the sales performance of the store;

7. Inventory is mainly concentrated in stores. New products are on the market for a week. It is difficult to have accurate data collection on the popularity, touch rate, and fitting rate of each style in each store, and sales opportunities will be missed;

8. The store display needs scientific data support.

The advantages of RFID technology in warehouse management

01. Inventory tracking and automatic data collection

With RFID and the Industrial Internet of Things, inventory managers do not need to spend time on manual tracking and reporting. Each project will be tracked, and its data will be automatically recorded in a big data warehouse. Automated asset tracking and reporting can save 18 hours of working time per month and reduce the possibility of human error.

02. Real-time update of inventory data

The IoT-based inventory management solution provides manufacturers with accurate visibility into the production process of raw materials and components, work-in-progress and finished products by providing real-time updates of item status, location and movement, so that inventory managers can view individual inventory items. Enter or leave a specific location at any time.

03. Optimize inventory

The more warehouse managers understand inventory, the more likely they are to place the right items in the right place at the right time. With real-time data on the number and location of inventory items, manufacturers can reduce inventory while meeting the needs of customers at the end of the supply chain.

04. Reasonable scheduling based on inventory

With real-time data on the location and quantity of inventory items, manufacturers can solve problems in the production process and identify machines with lower utilization rates. For example, if part of the inventory tends to accumulate in front of the machine, the manufacturer will think that the machine is underutilized and therefore requires special attention.

05. Optimize delivery cycle

By providing warehouse managers with available inventory data and machine learning-driven demand forecasting, solutions based on the Industrial Internet of Things can enable manufacturers to shorten lead times.

The benefits of RFID technology in warehouse management

01. Supplier

1. The passed RFID project allows suppliers to hang tags, nails, label packing, and scheduled delivery more standardized, and use technical means from the source to curb the occurrence of bad business practices such as counterfeiting and channeling goods, and to achieve information exchange. Suppliers There will be more collaborative communication between them, and the transparency of supply chain management will be increased.

2. Using RFID to read the supplier's outbound effect is better, the packing information is more accurate, the operation process is shorter and faster, and a more efficient and transparent process is jointly established.

02. Warehouse

1. The distribution mode that combines electronic rfid tags and conveyor lines is more accurate, more precise, faster, and realizes automatic distribution.

2. Adopting RFID warehouse management, the efficiency is increased by 5 times, and the throughput of the distribution center is greatly improved.

3. The second phase adopts RFID channels, conveyor lines, automatic labeling machines, and automatic box sealing machines. After going online, the efficiency can be increased by as much as 10 times, which greatly reduces operating costs and greatly saves manpower.

4. The management personnel can grasp the status of the stock materials' purchase, sale, and storage in real time, and realize the information-transparent asset management method.

Summarize

RFID technology has many characteristics such as security, long-distance, accurate identification, durability, and reusability. RFID technology is indispensable when warehouse inventory is intelligent. The data automation and information collection of each operation link such as warehouse arrival inspection, warehousing, delivery, allocation, shifting, inventory counting, etc., greatly improve the accuracy and efficiency of warehouse management, and provide enterprises in the management of warehousing goods. More intelligent and simplified.