UPPING THE ANTE: USING RFID AS A COMPETITIVE WEAPON TO FIGHT SHOPLIFTING AND IMPROVE BUSINESS INTELLIGENCE


UPPING THE ANTE: USING RFID AS A COMPETITIVE WEAPON TO FIGHT SHOPLIFTING AND IMPROVE BUSINESS INTELLIGENCE

David C. Wyld1 and Michael C. Budden2
1Department of Management, Southeastern Louisiana University, Hammond, LA USA
2Department of Marketing & Supply Chain Management, Southeastern Louisiana
University, Hammond, LA USA

ABSTRACT

This paper explores how RFID (radio frequency identification) technology can be employed to fight the ever-growing shoplifting problem, estimated to cost the world’s retailers almost $100 billion annually. The paper provides an overview of RFID technology. We then analyze how RFID is beginning to see utilization in-store not just for security, but as a vehicle to improve inventory management and business intelligence as well. This paper demonstrates that RFID is poised to usher in a whole new direction in the fight against retail shrinkage, and we discuss what this visibility will mean for their companies, their employees, and their customers.

KEYWORDS

Shoplifting, Retail Security, Loss Prevention, RFID (radio frequency identification) technology,Organized Retail Crime, Business Intelligence 





Comments

Post a Comment

Popular posts from this blog

Engineering Life Cycle Enables Penetration Testing and Cyber Operations

 #managinginformation #electronicbilling #education #greentechnologies #informationtechnology #embeddedsystems #electronicvoting #financialmarkets #healthcaremarketing #digitalproducts #socialdevelopment #fashion #management #marketingoperations #yieldmanagement #opensourcesoftware #vendormanagedinventory #mobile #mobilephotography #systems #telecommunication #management #chain #supplychainmanagement #supply #valuechain #business #marketing #businesstobusinessmarketing #knowledgemanagement #qualitycontrol #economicissues #vendormanagement Engineering Life Cycle Enables Penetration Testing and Cyber Operations Authors Paul Cheney1and Ian R. McAndrew2 1Department of Critical Infrastructure Protection, Capitol Technology University, Laurel MD., USA 2Capitol Technology University, Laurel MD., USA Abstract   This paper discusses the strengths and weaknesses of proper engineering and life cycle management on higher level cyber security operations. Rushing innovation and increasing p...
Read more

Network Media Attention and Green Technology Innovation

 #managinginformation #electronicbilling #education #greentechnologies #informationtechnology #embeddedsystems #electronicvoting #financialmarkets #healthcaremarketing #digitalproducts #socialdevelopment #fashion #management #marketingoperations #yieldmanagement #opensourcesoftware #vendormanagedinventory #mobile #mobilephotography #systems #telecommunication #management #chain #supplychainmanagement #supply #valuechain #business #marketing #businesstobusinessmarketing #knowledgemanagement #qualitycontrol #economicissues #vendormanagement Network Media Attention and Green Technology Innovation Authors Long Lingxiao and Fan Yipeng 1Business School, Sichuan University, Chengdu, China Abstract   This paper will provide a novel empirical study for the relationship between network media attention and green technology innovation and examine how network media attention can ease financing constraints. It collected data from listed companies in China's heavy pollution industry and perf...
Read more