Clothes are the components that can tell much about the person wearing based on his/her fashion style. The clothing industry is one of the trading industries around the globe. As you can see every day there is new fashion, variety, trends, etc coming at a rapid pace. The textile market is one of the major markets that leads to the making of cloths as the global textile market size was valued at USD 1,837.27 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 7.4% in revenue from 2024 to 2030.
You can see that there are so many things in stores everywhere. you can check for your local market and you are surely going to find a lot in a small area. As with every business, clothing stores also have their supply chain. Most of the clothing stores directly buy the goods from the wholesaler and sell them as a retailer. Few are the ones who manufacture clothes of their brands and sell them through their outlets.
There could be some problems in managing inventory management for a clothing store as many are facing that every day. Tracking of products and their details is one of the major problems that causes a lot of loss for the clothing store. Sometimes, clothes are out of stock suddenly because there is no proper data or system that can tell the number of clothes remaining in the stock. Many clothes theft by customers every day is another cause of bad effects on inventory management. Many other problems result in bad inventory management for the clothing store and big or small losses for them every day.
RFID technology can be the solution to enhance inventory management inside a clothing store. There are even many big clothing manufacturing companies that have implemented this in their outlets. Best RFID Solution is one of the leading technologies in today’s world and provides benefits to different industries. Generally, this technology refers to a tag that can stick to cloth and get every minute detail such as movement of cloth, defects, stock counting, etc. The global RFID market size was valued at USD 14.11 billion in 2023 and is projected to grow from USD 15.49 billion in 2024 to USD 37.71 billion by 2032, exhibiting a CAGR of 11.8%.
In this article, we will see the role of RFID technology in enhancing clothing store inventory management with some additional details like benefits, challenges, etc. In the end, we will conclude our vision on the topic.
What Is RFID Technology In Clothing Store Inventory Management?
With RFID technology, a company may track individual products and components from production to the point of sale to identify them. RFID technology communicates between a tag and a reading device via radio waves. Products with RFID tags affixed can track inventory along the supply chain, offering up-to-date information on stock levels, shipment status, and item location. For instance, Asset Tracking With Anti-Metal RFID Tags is particularly useful in environments where traditional tags may not function effectively. Companies like Walmart, one of the global top brands in clothing, have implemented this technology, using RFID to manage inventory at over 5,000 stores globally. This demonstrates how rapidly RFID technology, including solutions like Anti-Metal RFID Tags, is impacting clothing stores and other industries worldwide.
Also Read: RFID Solutions for Inventory Tracking in Your Warehouse
How RFID Technology Enhances Clothing Store Inventory Management?
As mentioned earlier, RFID technology generally sticks to the clothes and provides every piece of information after scanning to the IoT-based devices. Wearable RFID tags make it possible to track items quickly and precisely, which lowers the possibility of overstock and stockouts. This guarantees that retailers can keep their inventory levels at ideal levels, enhancing the retail store’s overall operating effectiveness. Integrating RFID with IoT solutions further optimizes inventory management by providing real-time data and insights, making it easier for retailers to maintain efficiency. This overall enhances the inventory management inside a clothing store. There are many other benefits that we will see later in the upcoming paragraph.
Benefits of RFID Technology For Enhancing Clothing Store Inventory Management
There are a lot of benefits of RFID technology for enhancing clothing store inventory management. Here are a few mentioned below.
Avoiding Out of Stock Situation
Warehouse operations can be managed with UHF RFID scanners. Customers can use the information provided by the UHF RFID reader to determine the precise number of a certain style, color, and model of clothing which enables retail stores to have proper data on needed and remaining items. Consequently, retail establishments can prevent shortages of apparel by guaranteeing inventory balance and prompt restocking.
RFID can Work as Anti-Theft
Many customers fool the store and get extra clothes every time. This results in loss and miscalculation for the stores that overall affect their inventory management. With the RFID tags, this situation can be avoided as the UHF RFID reader has a relay output function. When the reader detects that the tag is not detected, the external relay can be turned off, and it has an active alarm or alarm indicator.
Quick Inventory
RFID portable readers can be used to inventory products in warehouses and on shelves in real-time. Real-time reports that are segmented by location and region, or data in a predetermined format, can be created by actual requirements and uploaded to the shop management system. This overall enables the quick inventory operations for the clothing store and enhances their inventory management.
Enhanced Customer Experience
With the RFID tag, customers can also make their experience better in shopping at a clothing store. For instance, clients can quickly verify whether things are available in various sizes or colors in fitting rooms equipped with RFID technology, all without having to step outside of the space. RFID technology also makes self-service payments possible, which cuts down on wait times and streamlines the shopping experience.
Also Read: The Benefits Of Implementing RFID Solutions For Your Business
Increases Visibility and Transparency
It is very important to have details that your products are going to the right place or not. Sometimes due to the negligence of the middlemen, product delivery or supply chain gets disturbed. With RFID tags or technology, every detail recorder in the system like tracking, conditions, and everything can increase visibility. This also enhances the inventory management inside a clothing store.
Also Read: Streamlining Logistics Operations With RFID solutions
Challenges with RFID technology
With the mentioned key benefits earlier, there could be some challenges too. Here are a few challenges mentioned below.
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- Reader collision can be a challenge when a signal from a reader collides with the other reader’s signal. This causes the crash of data and affects the system.
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- Variables in data collection can be issued as different types of data cannot be gathered properly in the system at once. This can cause the system to hang for a while.
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- Material like metal and steel can impact the signal so this can also be a challenge. Any small piece of metal can result in misdata and affect the whole calculation.
Also Read: Inventory Management With RFID Tags In Manufacturing
Final Words
RFID technology does not require a line of sight to be scanned or identified is by far its greatest advantage over alternative approaches in every industry as well for the clothing industry. This increases the production and supply chain process’s flexibility.RFID tags for clothing have a lot to offer retailers in terms of loss prevention, customer experience, inventory management, and stock replenishment. Retailers may optimize the benefits and propel their businesses towards greater success in the current competitive retail scene by selecting RFID tags that meet the requirements of performance, size and design, compatibility, and cost-effectiveness. Overall, this is a valued technology that can enhance clothing store inventory management very effectively.
In your quest to optimize your asset tracking system with either RFID or Barcode technologies, Aeologic Technologies stands ready to assist. Don’t hesitate to reach out and begin your journey towards a more efficient and effective asset management system today. We’re here to guide you every step of the way.