Wal-Mart eyes $287M RFID benefit – Find Missing Stock
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Wal-Mart Stores could increase sales by $287 million by fixing just a small portion of its inventory problems using RFID (radio frequency identification) technology, and that could be just the start, an executive said Friday.
The world’s largest retailer, with $345 billion in sales last year, is gearing up to roll out the RFID gear to make that prediction a reality in its 4,068 North American stores. The key behind it all is making sure RFID tags are installed on all products, and using a forklift with RFID equipment installed to show the driver exactly where merchandise is inside store warehouses.
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