Smart Retail

Smart Retail

Due to the rapid expansion, distribution, and unique product management strategies of retail enterprises, they generally present logistics distribution characteristics such as multiple varieties of goods, small batch quantification, high distribution frequency, multiple distribution points, fast delivery requirements, and the need for improved information system support, making the entire logistics activity more complex. The process of economic globalization has greatly extended the spatial distribution of the supply chain, including global procurement, global sales, global services, and multi base collaborative production, extending the supply chain to a global scale. Correspondingly, logistics distribution also needs to be carried out globally, and the complexity of logistics in space is increasing. The significant extension of logistics systems and the complexity of logistics system planning make it a field that only experts can enter. Due to its unique identification method and technical characteristics, RFID can bring huge benefits to retailers, suppliers, and customers; It enables the supply chain system to track product dynamics more easily and automatically in an efficient way, enabling true automation of item management. In addition, RFID provides the retail industry with advanced and convenient data collection methods, convenient customer transactions, efficient operational methods, fast and insightful decision-making tools, and other benefits that barcode technology cannot replace.

The RFID applications in the retail industry mainly focus on five aspects: supply chain management, inventory management, in store product management, customer relationship management, and security management.