RFID And Small Business: Making A Case By Greg Gilbert, Manhattan Associates

Reducing inventory levels and minimizing unused capital are fundamental to expanding profitability and achieving positive growth. This is true for any company, but it is even more critical for small businesses in their mission to do more with less. To compete successfully in a marketplace dominated by larger corporations, many progressive small companies are seeking ways to increase efficiency and customer loyalty. Keeping shelves stocked and reducing out-of-stocks—which average 8.3% globally and 7.9% in the U.S.1—are major contributors to making this happen and will result in increased sales, enhanced market position and improved top and bottom lines.

Radio Frequency Identification (RFID) offers small businesses increased supply chain and inventory visibility for greater operational efficiency, with reduced inventory and out-of-stocks. As more small companies are brought under compliance requirements, they need to look at ways to harness the benefits of RFID as have their larger counterparts. RFID is not just about compliance—it is a powerful technology capable of delivering substantial business value.