The next step of the process, to be rolled out beginning in February of 2013, is to implement an RFID system - which stands for radio frequency identification. Under this system, every item in the store is tagged with an RFID tag that can be tracked by a central computer. When the customer is ready to leave the store, the system simply tallies the items selected without the need for additional scanning. This provides two main advantages to the store: it can significantly reduce losses due to theft and clerks are no longer needed to complete sales. Within the last few years, Wal-Mart (WMT) had thrown its support behind the RFID system, but has yet to roll anything meaningful out in its stores. One of the constraints is that each RFID tag cost between $0.07 and $0.10. Mr. Johnson believes that while this burden was too much for a discounter like Wal-Mart that relies on razor thin margins, it will be easily absorbed in a retail clothing environment. seekingalpha/article/757831-oracles-rfid-platform-next-big-thing
Posted on: Sat, 01 Feb 2014 09:43:29 +0000
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