Retailers such as Walmart, Dick’s Sporting Goods, Nordstrom, and BJ’s Wholesale Club have already instituted some level of required RFID tracking technology into its products. With so many potential benefits, others are likely to follow.
RFID labels can store a significant amount of data that could be useful for retailers and other companies throughout its supply chain:
- Information that enables a company to increase inventory visibility and tracking
- View regulatory requirements and compliance-related information
- Optimize operations, from workflows to resource allocation to logistics
- Enhance efficiency, intel, and competitiveness overall
Data is one of the world's most powerful currencies today, and RFID labels are a great way to store and share it.
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The level of visibility that this RFID technology allows for is also vital among the healthcare, grocery, and life sciences industries with strict regulatory requirements that demand accountability and compliance for their supply chain process.
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