Radio Frequency Identification (RFID) and Scan-Based Trading (SBT) promise to further automate inventory tracking and provide valuable buying information and information on promotion performance.
While these technologies hold great promise because of their ability to provide real time information, reduce inventory levels and improve customer service, the technologies are also complex, costly to implement and can present potential privacy concerns.
These technology solutions are not for everyone today, but you should understand their industry impact.
We help managers of retail and consumer companies deal with the process and control complexities related to SBT and help them develop a plan to evaluate RFID impacts on their business. Specifically, we can help by ensuring the accuracy, reliability and value of the data exchange generated by front-end scanning, between direct-to-store suppliers and retailers with special attention to such critical issues as shrinkage, revenue recognition and potential tax implications.
Contact a retail and consumer industry professional in your area to discuss your unique business concerns related to implementing RFID and SBT.