For the past 30 years, the apparel and footwear sector has managed inventory using the same SKU-based methods and barcode technology. Amid new omnichannel buying models, increasing retailer competition, and massive shifts in consumer behaviors, the need for improved inventory accuracy has never been greater.
SML’s item-level RFID for inventory management solutions enable retailers to know precisely what they have in order to deliver exactly what the customer wants, when they want it. From clothing and shoes to hard-to-tag items like sporting goods, SML ensures retailers have the insight needed to gain critical visibility into inventory flow. With inventory accuracy rates of 98% and drastically reduced out-of-stocks, apparel and footwear retailers using these solutions experience a tangible return on investment (ROI), resulting in cascading benefits across the entire retail enterprise.
Benefits of Item-Level RFID for Apparel & Footwear
- >98% item-level inventory accuracy
- Reduction of out-of-stock 3%-9% sales lift
- Inventory reduction in supply chain between 5%-12%
- 70% reduction of internal shrink
- >50% reduction of BOPIS cancel rate