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Retail Strategies: Optimizing Choice and Tracking Stock
Datamonitor, April 2006, Pages: 12


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Insofar as ensuring stores can provide the right merchandise & are able to retain control of stock as it moves around within the store & warehouse, it is believed that from a strategic point of view RFID must be part of a wider infrastructure strategy.

Scope of this title:
- Socio-economics, location and store type drive inventory and merchandising strategies.
- Product tracking reduces stock-outs and labor requirements, and increases sales.
- RFID must be part of a wider infrastructure strategy to fully exploit its potential.

Highlights of this title:
The last mile of a merchandising strategy involves product placement. The specific steps which precede this final activity are multiple & varied. Insofar as ensuring the store has access to the correct type & volume of products, strategies involve significant reliance on both short & long-term insight.

The point at which RFID can be considered part of a business strategy instead of a technology challenge is upon us. There will continue to be developments, standard ratification & closer co-operation between standards bodies with warehouse & in-store interests: RFID has matured enough as a technology.

Reasons to order your copy:
- Understand how retailers embrace RFID for stock tracking and optimization.
- Learn how RFID can drive retailers revenues.



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