Fashion Forward with RFID
Revolutionise Retail Inventory Management with Ramp RFID solutions.
Harness the capability of RFID technology to optimise inventory management, reduce buffer stock, and drive smarter resource usage in retail. Transition towards a circular economy where resources are utilised to their full potential, fostering responsible retail practices and better use of working capital.
From Linear to Circular: A Sustainable Transition
Linear Economy: In a linear economy, the cycle of ‘take, make, and waste’ prevails. Resources are extracted, used to manufacture products, and discarded post-use, often leading to environmental degradation.
Circular Economy: Conversely, a circular economy embraces a ‘make, use, reuse, recycle’ ethos. It aims to minimise waste by emphasising reuse, repair, and recycling, keeping resources in use for as long as possible.
Transition Note: With technologies like RFID, fashion retail can transform its operations, minimise waste, and participate actively in the shift towards a circular economy. setting a benchmark in responsible retailing.
$192 billion added to the world economy if the fashion industry alone embraced circularity.
Reduced stock holdings up to 13% with RFID – minimise waste and boost profits.
Leveraging RFID for Resilient Fashion RetailDownload Full Paper
Reduce overstock and unsold inventory waste. Timely product availability and smarter management drive a move towards a circular model.
Extend product lifecycles by managing returns and rotations. RFID aids refurbishment, resale, or recycling, preserving value and reducing impact.
Supply Chain Transparency
Track products from production to sale, ensuring ethical sourcing and consumer transparency. RFID is crucial for a circular economy alignment.
Offer traceability and ethical sourcing info to enhance engagement. RFID provides detailed product histories, fostering trust and responsible retail.
Optimise resource efficiency, reduce packaging waste, and improve logistics. RFID facilitates better decisions, embedding circularity in operations.
Partnerships for a better world
In a world where clothing is often seen as disposable, Thread Together stands as a beacon of hope and dignity. Founded on the belief that clothing is a basic human right, Thread Together works tirelessly to deliver new clothes to Australians in need. By partnering with fashion brands and retailers, they collect unsold clothing that would otherwise go to landfill and distribute it to those who need it most.
Ramp has transformed Thread Together’s operations, enabling the charity to tag donated products with ease, providing real-time visibility of stock, sizes, and locations.
One of the best thing we can do for a circular economy is keep items in circulation in their original form for as long as possible. Recycling is great, but it should be a last resort. Charities like Thread Together are doing amazing work in the community for people and we encourage any retailers with RFID to contribute to this circular initiative.
The Opportunity to Innovate
The circular economy is not a distant dream; it’s an exciting opportunity unfolding right now. Businesses are finding new ways to reduce environmental impacts, create value, and differentiate themselves. Technologies like RFID are unlocking doors to sustainability, enabling us to track, sort, and repurpose materials like never before.
The circular economy is more than a concept it’s a movement, a philosophy, and a promise of a sustainable future. It’s a story we’re all part of, and it’s a story that’s just beginning. As we turn the page, we find ourselves at the forefront of change, ready to embrace a world where everything is connected, nothing is wasted, and where the potential for innovation and growth is limitless.