Retail giants Marks & Spencer recently announced plans to run a trial on a second generation of RFID tags during the first quarter of 2011.
(Media-Newswire.com) - Retail giants Marks & Spencer recently announced plans to run a trial on a second generation of RFID tags during the first quarter of 2011.
The new chips use advanced technology that allow them to be smaller than previous versions. Leading the project is the company’s general merchandise packaging team, which covers M&S’s non-food products.
The London, England-based company is one of the largest users of RFID tags in the world, implementing nearly 100 million tags annually, Packaging News relays. Since its inception in 2004, the retailer has placed the technology on nearly 18 percent of its products.
A spokesperson for the company told Packaging News “we’ve found that RFID is most beneficial in our high-volume departments where there are complex sizing requirements, such as suits and tailoring, as it allows us to manage our stock levels better and ensure we have the right product mix on display.”
Using RFID technology can help companies improve their inventory management by having an efficient, easy-to-use method of tracking items throughout their stores and within their warehouses. The tool has allowed companies to reduce their expenses by not having to purchase unnecessary items that have been carelessly lost or misplaced because of poor oversight.
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