After implementing RFID, Macy’s has reduced its inventory accuracy deterioration to 3%-5% from 30%. American Apparel has cut the time it take associates to count items on the sales floor to 2 hours from 6 hours. “This is technology that has proven effective in our testing, and we believe now is the right time to roll out RFID aggressively," said Tom Cole, Chief Administrative Officer of Macy's, Inc. In this session, industry experts will discuss the fact that 2013 could be the year of the perfect storm of RFID implementations: technology costs have dropped significantly; and more companies are proving that RFID creates inventory efficiencies, improves loss prevention and saves money.
2. #CCSeries13
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7. MARTEC International
RFID and Its Potential Impact On
Inventory Management and
Merchandising
Brian Hume
22nd May 2013
+44 1823 333469
www.martec-international.com
26. #CCSeries13
Q&A
//
Panelists
Brian Hume
President
Martec International, Inc.
MODERATOR
Alicia Fiorletta
Associate Editor
Retail TouchPoints
27. #CCSeries13
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