DataBar - Irish Success Story

Click Here

Products > GS1 EPCglobal (RFID) > Benefits of RFID

Benefits of RFID

RFID is delivering many real business benefits to organisations in the world today

· Faster and more accurate reads. An EPC reader can instantly detect all EPC tags passing through its radio frequency field. As a result, it is capable of reading every tagged object in one operation, thus removing the line of sight requirement for reading product identification numbers. Typically, readers are able to operate without manual intervention and so produce consistent and precise results

·
Accurate and trusted data. The EPCglobal Network will enable any individual item to be accurately tracked and traced, allowing any errors or process deviations to be immediately highlighted and rectified. This will result in systems maintaining accurate, trusted data from which operators can make accurate, trusted decisions

·
Lower inventory levels. RFID can reduce inventory levels and improve product availability by providing trusted real-time information about where products are. This gives companies the confidence to reduce inventory buffers along all parts of the supply chain, improving cash flow and potentially reducing overheads

·
Fewer out of stocks. RFID has the potential to inform staff or alert managers when shelves require re-stocking or a product is placed in the wrong location. Retailers generally use the estimate that a one per cent uplift in shelf availability results in a half per cent increase in sales

·
Reduced shrinkage. It is estimated that two per cent of sales is lost due to shrinkage. By scanning tags to accurately identify stock actually received, RFID can reduce shrinkage for the average retailer by up to 25 per cent at the case level and 40 per cent at the item level. Source: GCI EPC Roadmap

·
Better asset utilisation. The EPCglobal Network will enable companies to track and manage their reusable assets – roll cages, crates, dollies etc – more efficiently and accurately, leading to a reduction in the required number of capital assets employed within the business

·
Authentication and Anti-counterfeiting. Tags act as a deterrent to counterfeit manufacturers. If a tag is damaged or absent from the product then suspicion is aroused. Tag data can be encrypted, read and cross-referenced to the manufacturer’s database to determine authenticity

·
Targeted recalls. Product recalls can be significantly improved. The EPCglobal Network will allow each item to be uniquely tracked and traced, enabling the exact location of an item to be known so that only those items that have been affected are recalled, thereby reducing costs and minimising damage to the brand