Improving the Retailer Industry Performance Through RFID Technology

Abstract

This study focuses on RFID and its implementation at two retail chains, Wal-Mart in United States (U.S.) and Metro Group in Europe, who have successfully implemented this technology. It identifies the impact of RFID on improving supply chain performance in the retail industry. The researchers have concentrated on both explorative and indicative studies in an effort to understand the impact that the adoption of RFID technology will have on improving the performance of the supply chain by comparing two different case studies. This research study has found that coordination and integration operations are important for inventory management and related operations, and they are also important factors that contribute to performance improvement in both case studies. In addition, this research study has found that RFID's information-sharing support for buyers in the supply chain has promoted the accuracy of purchasing forecasts. Finally, it is found that RFID has provided increased flexibility of operations, using smart shelves and reducing the cost of inventory management.

Making Investment Decisions on RFID Technology: An Evaluation of Key Adoption Factors in Construction Firms

“…It is also significant to mention that RFID technology is a helpful tool for realtime communication of data and can fill the gaps in supply chain information, predominantly in retail and logistic services [65]. Therefore, effective control of the supply chain in response to effective sharing of information and communication of data in real-time can be achieved through the successful implementation of RFID technology [22][66] [67]. As mentioned in the study by [67], RFID technology has been implemented in the supply chain systems of Proctor and Gamble along with European retail Group Metro.…”

“…Therefore, effective control of the supply chain in response to effective sharing of information and communication of data in real-time can be achieved through the successful implementation of RFID technology [22][66] [67]. As mentioned in the study by [67], RFID technology has been implemented in the supply chain systems of Proctor and Gamble along with European retail Group Metro. In addition, Wal-Mart has already implemented electronic data interchange (EDI) and a Bar code development system.…”

“…In addition, Wal-Mart has already implemented electronic data interchange (EDI) and a Bar code development system. Furthermore, at present, Wal-Mart is integrating RFID technology aimed at significantly improving the management of the supply chain [27] [67]. The directions for suppliers of Wal-Mart include implementation of RFID on each box and pallet shipped to Wal-Mart by January 2005 [27].…”

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“…RFID uses smart shelves to improve the flexibility of operations and reduce the cost of inventory management [45]. In 2014, Zara parent company Inditex decided to adopt RFID technology to improve the company's supply chain, eventually leading Zara toward ultrahigh efficiency in which the process of design concept to finished product could be completed in only 10 days; it also led to better sales and profit [46].…”

Systematical business analysis for Haidilao based on the customer's preference and SWOT model

“…According to the regional distribution of stores, most of the second-tier and third-tier cities are the main target market for Haidilao. According to the report, there are 424 stores opened in second and third-tier cities in 2020 [1]. However, 2020 was bad for everyone due to the Covid-19, especially for the catering industry.…”