Tyco Retail Solutions has partnered with multiple industries to examine the value of RFID technology to help ensure inventory accuracy and automate replenishment. According to the company, IHL Group's new study confirms the use of RFID to improve inventory accuracy, visibility, combat inventory distortion and lay the foundation for a unified business. The IHL report, "Retail Inventory Distortion Issues: Full Tweaks," raised the issue of global inventory distortions that retailers face. Out-of-stock and excess inventory are expected to bring about $ 1.1 trillion in losses to the retail industry each year. Because of this problem, retailers have lost confidence in the availability of goods. As a result, the number of suppliers selling goods online and replenishing inventory is not accurate. Research shows that incorrect inventory can have an impact on the customer experience and lead to a loss of 8.7% of total sales. Research shows that by implementing project-level RFID technology, suppliers can understand precision real-time inventory. Adopting this technology and regular physical inventory can help retailers prevent inventory distortions and keep inventory accuracy at 95% -99%. With the increase in stock accuracy, retail sales also increased 5% -25%. Brent Brown, vice president of inventory solutions and general manager of Inventory Intelligence and Internet of Things at Tyco Retail Solutions, said: "As Kim's customers are eager to acquire goods anywhere, retailers must implement technologies that support a unified business strategy. Accurate real-time inventory to meet the expectations of today's customers and maximize sales. " Fruit Freeze Dryer Kassel Machinery (zhejiang) Co., Ltd. , https://www.kassel-group.com