New World. New Tools.
Barcodes and manual counts defined inventory management for decades. But those methods have trouble keeping pace with modern retail expectations.
“Barcodes obviously work, but they can only tell you so much,” said Franz. “They just won’t give you that total item-level accuracy. So, you’re trying to manage omnichannel with 70 percent accurate data, which means you’re already starting from behind.”
According to Jatich, this realization is often what brings TRG to the table with retailers. “Many RFPs we see are really about one thing,” he said. “How do I get better data on what I have and where it is? These retailers know their current systems just can’t deliver.”
Modern technologies like RFID offer many advantages over traditional barcodes, even in traditional workflows. But the real paradigm shift comes from serialized RFID, which gives every item its own digital identity.
“Older tools simply can’t provide this level of visibility,” said Franz. “It can take time to get there with a modern setup, but once you do it can really change everything.”
“In some cases, we’re talking about going from 70 percent accuracy to 95 percent,” he added. “So, the impact is immediate. We’re talking measurable sales lifts, fewer markdowns, smoother fulfillment, etc.”
Stephens said she has seen attitudes shift toward this technology as this sort of ROI becomes clearer.
“RFID isn’t experimental anymore,” she said. “Retailers increasingly see it as necessary. It’s becoming part of the baseline conversation.”