Big results – Small investment
The benefits of RFID are well known to the industry, but solutions have never been simpler to implement. With only the cost of a handheld reader, and a basic software subscription, we have seen multi-brand retailers achieve on average:
- Sales uplift from reducing understocks and out of stocks (1.5 – 5.5%)*
- Enhanced omnichannel capabilities
- Labor re-allocation – up to 75% reduction in current inventory processes (ECR Study)
- Improved inventory accuracy from <75%, to >95%.*
- Improved operational processes.
- Eliminate requirement for 3rd party auditor – Some Checkpoint customers have been able to use RFID to reduce annual physical inventory costs
*Results based on Checkpoint 2020 StoreScan results
These are huge results based on minimal upfront investment.