RFID alliance boosts accuracy
According to TMCnet, Truecount CEO Zander Livingston says: “Increasing the degree of RFID accuracy to 99% can be a huge competitive advantage for retailers. Truecount's item-level RFID platform combined with ThingMagic advanced reader technology can streamline and accelerate inventory and management processes.”
According to the company, the RFID platform is designed to reduce the costs and complexities of tracking assets throughout the supply chain.
In a statement released by PR News Wire, Livingston notes: "The expected overall compound annual growth rate for RFID worldwide is 28% for the period 2011 to 2013.
“For retailers, the question is not if they will integrate RFID technology into their processes, but when.”
Statistics from the RFID Research Centre at the University of Arkansas place the current inventory accuracy rate for apparel stores in the US at roughly 65%, states PR USA.
In addition, ABI Research estimates retailers globally will use one billion RFID tags in 2011.
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