RFID News
Staff -- Purchasing, 11/17/2005
- In case you needed more proof that RFID is valuable in the retail world, a recent survey concluded that Wal-Mart customers found items they wanted in stock more often due to the retailer's use of electronic product codes (EPCs) powered by RFID technology when compared to control stores. The independent University of Arkansas study's initial findings noted a 16% reduction in out-of-stocks. Additionally, the study showed that out-of-stock items with EPCs were replenished three times faster than comparable items using standard bar code technology. Equally important, Wal-Mart experienced a meaningful reduction in manual orders resulting in a reduction of excess inventory.
- Another recent survey by Research and Markets predicts that by 2015, 900 billion food items could be RFID tagged, and 824 million livestock will have more sophisticated, more expensive tags on or in them. Recent devastating outbreaks such as foot and mouth disease, mad cow disease and avian flu, plus contamination recalls and bioterrorism are driving strict new legislation on food traceability. In addition, consumers are also demanding more information about the food they consume (as do the police and customs).
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