RFID as optimization of resources and results in online and omnichannel sales

In the current circumstances of limited mobility, they have favored an increase in online commerce. And it is precisely this new form of relationship between the manufacturer, the distributor and the end user, where precision in stock management, agility in replenishment, weighted and automated inventory adjustment, logistics, control on products returns and exchanges, require an infallible, fast and precise data thread. This "thread" of information is facilitated by RFID technology.

According to trustable sources, in the US they have registered in 2020 a volume of returns and exchanges of previously purchased merchandise (both in person and online) of about 430 billion dollars; which represents more than 10% of the Retail turnover in the same period of time.

Precisely, in these times of mutation in behavioral models in many aspects, social, commercial and relational, the precision and speed of transactions take on special relevance, allowing to recover margins and increasing business opportunities.

RFID technology becomes a very profitable ally that allows a return on investment in very short terms from its implementation.

CENTURY has the complete range of RFID solutions, through its own resources and through collaboration with its closest technology partners: Design, manufacture of hardware, RFID tags for implementation in the manufacturing phase of products, software inventory management, traceability in production, distribution, sale, changes and returns. On the other hand, RFID technology is also being used more commonly in the identification of original high-end products, as opposed to fraudulent copies; in other terms, fighting counterfeit.

A whole field opens up for the use of a technology that every day has more fully satisfied users.

About Century

Hangzhou Century Co., Ltd was established in November, 2003 and listed on Shenzhen (China) Stock Exchange in April, 2010 (Stock Short Name: “Sichuang Medical Benefit”, Stock Code: 300078.SZ). Century serves as a well-known brand in the Retail Industry, which is the earliest listed company in the Electronic Article Surveillance (EAS) Industry in China. Century also specializes in Radio Frequency Identification System (RFID) standardization, as well as the development and services of customized hardware products and industry application solutions. Learn more at www.century-cn.com.

For more information, please send mail to: info@century-cn.com.