Retail Intelligence Blog
November 3rd, 2016
Top RFID Retail Questions from SML RFID Pop Ups
SML RFID launched two RFID Retail Pop Up store demonstrations over the last several weeks in New York and London to satisfy the retail industry’s growing appetite for information, guidance and production. We had visits from brand owners that were just beginning to look into RFID, as well as seasoned retailers that had been using RFID for years.
The SML RFID Pop Up showcased how to implement RFID at the factory, in the distribution center and at the retail store. Prospects saw demonstrations of the latest in RFID retail technology from SML, NXP and Zebra implemented in some of the largest global retailers. SML also displayed its portfolio of RFID inlays, RFID tags and printing processes. Watch the video of our latest London Store: (more…)
November 2nd, 2016
Choosing the Right RFID Inlays for Retail
The adoption of RFID technology in retail is growing at a rapid pace. According to the IDTechEx 2016 forecast, the number of tags used in 2017 is expected to reach more than 5 billion. By the end of 2016, SML alone will be responsible for encoding and delivering over one billion RFID tags.
The reasons for this massive adoption are clear: retail has more to gain from RFID technology than just about any other industry. Global retail brands like American Apparel, Macy’s, Marks & Spencer, Decathlon and Tesco have already publicly stated the benefits of their RFID deployments: increased inventory accuracy, improved customer service, reduced shrink, sales lifts and more. These benefits are causing many other retailers to look into implementing RFID to get similar competitive advantages.
However, retailers new to RFID understandably have many questions, and one of the most common involves choosing the right RFID inlays. With so many different tags and manufacturers to choose from, how can you know which are best for your application? Luckily, SML’s vast experience with real-world retail deployments has allowed us to determine some of the most important factors when choosing the right RFID inlays for any retail operation. They are: (more…)
October 19th, 2016
Watch: RFID in Retail Webinar with Dean Frew
Dean Frew, Sr. VP for RFID Solutions & Chief Technology Officer of SML RFID, was recently featured in a webinar panel discussing how RFID technology is providing unprecedented ROI for retailers. In the webinar, Dean joins Andy Robson from Holderness Consulting and Susan Nichols from Apparel Magazine to describe how RFID is ushering in Retail 3.0.
The retail webinar contains useful information for retailers at any level, whether they’ve already implemented an RFID inventory management system or are just beginning to think about it. The insights discussed in the presentation come from SML’s real-world deployments in some of the largest retail chains in the world. RFID is now proven to bring massive benefits in inventory accuracy, out-of-stock reduction, omnichannel execution and much more – but it’s also providing retailers with ROI in new and unexpected ways, which are also discussed in the webinar. (more…)
October 13th, 2016
No More Bulky RFID Tags in Retail
Historically speaking, one of the roadblocks that retailers have run into when considering adopting an RFID inventory management system involves the size and form factor of the RFID tags themselves. Despite the numerous benefits that retailers can gain after implementing RFID, including unprecedented inventory accuracy, reduced out-of-stocks, shrink reduction, sales increases and much more, RFID systems have sometimes been rejected by retailers for aesthetic reasons. Simply put, RFID tags have been too bulky for some retailers to implement them in an aesthetically pleasing and unobtrusive way. Clothing and accessory designers spend huge amounts of time and money creating tags, labels and packaging that optimally represent and enhance a company’s branding, and the last thing they want is to negate their hard work or be limited in their design by bulky, unflattering RFID tags.
Luckily for apparel designers, however, RFID tags now have various forms while performance has also advanced. RFID chip and tag developers are now creating technologies that are small and discrete enough to be implemented in inconspicuous ways that do not interfere with branding or tarnish the appeal of a product. These advancements have also allowed retailers to track previously difficult-to-tag items such as jewelry and perfumes, as well as enabling longer read ranges. (more…)
September 22nd, 2016
The Importance of an RFID Pilot in Retail Applications
Today a growing number of brand owners and retailers are well aware of the proven benefits of implementing a radio frequency identification (RFID) system in retail: increased inventory accuracy, supply chain visibility, increased sales by reducing out-of-stocks, reduced shrink, omnichannel enablement and more. Before in-store deployment begins, however, it’s important to pilot an RFID system to get a clear picture of how exactly it will benefit you, as well as work through the processes so that you can get the most out of it with your unique retail environment. An RFID pilot may also reveal unexpected benefits that you hadn’t considered in the first place.
RFID providers that do not pilot solutions prior to deployment are preventing their customers from utilizing the system to its full potential. With the right piloting, an RFID system can be deployed seamlessly and will more quickly begin to provide a great ROI. (more…)
September 1st, 2016
The Business Case for RFID in Retail Inventory Management
According to a research report conducted by supply chain management consulting firm ChainLink, about half of the RFID market will be comprised of retail apparel and footwear by 2020. Also, the GS1 US Usage Survey reports that more than 57 percent of retailers are implementing RFID. Today, retail and apparel already account for one-third of the RFID market. Clearly, retail is adopting RFID at a greater frequency than any other industry. Why? Because retail businesses stand to gain the most unprecedented benefits from item-level RFID. (more…)
August 8th, 2016
Retail 3.0 Transformation
by Dean Frew, SML Group, CTO & SVP RFID Solutions
RFID represents a significant transformation for retailers as they move from sku based to item-level inventory management. We call this new state “Retail 3.0.” In the 1980s (Retail 1.0), retailers adopted bar codes and point of sale technology. In the 1990s (Retail 2.0), retailers adopted Electronic Article Surveillance (EAS), supply chain systems and web-based ecommerce systems. In the 2010s (Retail 3.0), retailers started adopting RFID item-level technology, omnichannel, customer experience and customer behavior analytics. RFID solutions are the foundation for this disruptive Retail 3.0 transformation, and it is likely the only transformation of the retail industry that we and our customers will likely go through in our career. (more…)
August 4th, 2016
What Does it Take to Deploy RFID in the Retail Supply Chain?
Nowadays with “Click and Collect” online purchasing, inventory management is one of the biggest variables when it comes to running an efficient retail operation. Poor inventory management can lead to wasted employee time, increased shrink, restricted sales and of course, unhappy customers. Fortunately, SML’s Clarity™ RFID inventory management solution enables inventory accountability at every step of the retail supply chain, increasing inventory accuracy to over 98%, reducing shrink by up to 50 percent, and cutting out-of-stocks by up to 70 percent. Our system allows you to follow items through their entire life cycle, from the factory to the sales floor and everywhere in between, while also driving accurate and targeted inventory management tasks to create value. (more…)
July 13th, 2016
SML Introduces Three New RFID Solution Purchasing Models
SML is proud to announce three new flexible purchasing models to help retailers accelerate adoption of RFID technology, reduce upfront costs and realize a faster return on investment (ROI). The addition of the new RFID purchasing models is a natural extension of SML’s commitment to bringing to market flexible offerings that are focused on better servicing customers. They are: (more…)
June 2nd, 2016
Webinar Listen: What to Expect When Adding RFID to Retail
Dozens of retailers, brands and technology companies from around the world tuned in to the live webinar, on Thursday 26 May, to hear Essential Retail editor Ben Sillitoe and SML CTO and SVP for RFID solutions, Dean Frew, discuss the pain points that RFID solves for real use cases the retail industry.
If you missed it, click on the image below to watch for yourself: