The missing piece in retail inventory management
Add RFID for inventory visibility and accuracy
Your system isn’t broken, it’s incomplete
Most retailers are happy with their retail inventory management system. Very few feel like these systems are broken. Sales are processed, orders are managed and reports are generated. All as it should be.
But many retailers have a nagging suspicion that something isn’t quite right:
- Stock data can’t always be trusted
- Receiving is shaky and things get murkier from there
- Stocktakes are slow and lack accuracy
- Replenishment is reactive (and sometimes unnecessary)
It feels like the system is doing most of the job, but there’s something missing.
And that’s RFID.
The icing on the cake of inventory management
Platforms like Cin7, Shopify POS Pro and Retail Express form the backbone of modern retail operations. They manage transactions, pricing, reporting and fulfilment extremely well. But they rely on one critical input – accurate inventory data.
If that data is wrong, the impact is felt right across retail operations and into the P&L.
RFID is the missing piece of the puzzle, strengthening the inputs into retail inventory management systems to improve visibility and accuracy.
Adding item-level visibility in real-time ensures cleaner and more reliable data is fed into inventory management systems retailers already use, know and trust. There’s no unwinding what you have or rebuilding your tech stack from scratch.
It’s a simple matter of adding RFID to your existing system and making it perform better with the missing ingredient of accurate inventory data.
It’s like the icing on the cake of your current retail inventory management system.
Designed for fast time to value
When talk turns to technology implementations, the first instinct of many retailers is to assume massive business disruption. But when it comes to RFID, a technology that has been around for a long time, integration has become relatively seamless and pain-free (especially in the hands of an experienced implementation partner).
This is especially true when RFID is added to popular and widely used retail platforms such as Cin7, Shopify POS Pro and Retail Express. RFID functionality delivers a number of powerful features:
- Items can be tagged at source or on receipt
- Inventory is captured automatically as tags are scanned
- A wave of an RFID hand-held reader can log hundreds of items in seconds
- Stock is verified without line-of-sight or item-by-item scanning
- Real-time data is available across stores and warehouses
RFID has a proven and low-risk path to implementation, and once it’s up and running, most retailers see results in weeks – not months.
Enhance your system, don’t replace it
Replacing core retail systems is expensive, risky and disruptive. If you already have a robust platform in place, such as Retail Express, Cin7 or Shopify POS Pro, enhancing it is a far more efficient and effective approach.
When RFID is layered onto an existing retail inventory management system, the impact is immediate:
- Accuracy dramatically improves (expect 99%+)
- Stocktakes are extremely fast and simple
- Shrinkage drops
- Replenishment can be done more confidently
Best of all? Staff spend less time searching for stock and more time selling it. Which means customer satisfaction and loyalty increase at the same time.
RFID doesn’t compete with your current retail inventory management system, it completes it. Think of it as an upgrade that ensures you can leverage your existing technology investment and get it working to its full potential.
The value of visibility
RFID delivers significant benefits to retailers when added to their existing retail inventory management platform. Better visibility unlocks better decisions thanks to accurate data. Better decisions help reduce waste. And reduced waste means improved margins.
These effects are felt right across your business and they compound over time, so you experience an unprecedented amount of control and efficiency. It’s not one improvement; it’s a whole lot of small improvements that happen every day and everywhere.
The real risk is doing nothing
If you worry that it’s risky to add technology to your existing system or platform, there’s a bigger risk associated with doing nothing. When you operate with blind spots, manual workarounds and unreliable data, you are slowly losing pace, not to mention wasting time and money.
If you think your retail business is missing something and needs a visibility boost, you’re probably right. To complete your inventory management system, talk to the RFID experts at Ramp so you can start seeing things much more clearly.
