The Research Report on food waste released by the United Nations Environment Programme points out that 931 million tons of food waste were produced worldwide in 2019 alone. Of this, 13% (121 million tons) came from the retail industry. The food waste produced in Asia accounts for half of the global total. In recent years, affected by the epidemic, global supply chain transportation and regional challenges have intensified. These factors will also cause food waste, especially fresh and perishable food, which will suffer more losses due to the lack of visualization technology.
For the retail industry, one of the main reasons for food consumption is that unsold products are discarded due to expiration. The shelf life management of fresh food is facing continuous challenges. Retailers need to invest a lot of manpower costs to check the shelf life and manage replenishment needs.
Oprfid technology fresh food management solution
To solve the problem of food waste, retailers need to master comprehensive and accurate inventory information anytime and anywhere to ensure a balance between the inventory that needs to be disposed of, the inventory that can be effectively reduced, and the inventory that can be redistributed. Oprfid technology's new fresh food management solution adopts RFID technology, which not only provides visual management of goods in the whole supply chain, but also helps stores accurately identify goods close to or beyond the shelf life, improves operational efficiency, reduces the continuous sales of out of stock or expired goods, and ensures better customer satisfaction.
With this new technology, retailers can accurately plan store replenishment, realize active management, and improve the effectiveness of decision-making. Retailers can reduce food waste by 60%, while reducing the time required to manually inspect goods by 78%. The inventory accuracy of warehouse and sales area reached 99.9% and 99% respectively. This means that employees will have more time to serve customers, and accurate inventory information can help retailers sell more goods and improve profits.
Oprfid technology tested a series of variables in the recent fresh food inventory management test to investigate the impact of the deployment of the solution on the daily operation of stores, including whether the inventory data is accurate, whether the labor time is reduced, whether the food loss / waste is reduced, and whether the sales volume is increased. The results show that RFID based food validity management can help stores achieve business improvement and management transformation.
In this experiment focusing on fresh meat products, more than 1000 products with oprfid technology RFID tags were stored in the sales area, and 470 labeled products were stored in the warehouse. After only nine minutes of labeling and inventory counting, the clerk can count in the sales area and check the expiration date of all tagged goods at the same time. After cataloging the goods in stock, this time is shortened to four minutes, and then the store can quickly formulate a list for cold storage replenishment.
This experiment focused on recording the time spent by store employees in a series of inventory inspections and investigated a number of specific tasks, including inventory counting, verifying the expiration date, checking the purchase, disposing of waste goods, and discounting goods close to the expiration date. Overall, through the deployment of oprfid technology solutions, the total working time was reduced by 58%. In this test, the complete weekly inventory takes only 12 minutes, while the manual mode takes two hours to complete. In addition, the inspection and purchase time was shortened from 1 hour and 10 minutes to 11 minutes.
All testing processes have been comprehensively improved, including greatly improved inventory accuracy. For test samples, it can often achieve 100% accuracy. The quantity of discarded goods also decreases, and the early warning of expired goods (under test conditions) can ensure that the clerk receives the notice and takes action in time.
The oprfid technology solution can achieve greater benefits and effects by relying on the source tag plan. Through automatic labeling technology, products are coded and labeled from the production source. Oprfid technology's high-performance RFID tags help retailers master the status and information of goods in each link of the supply chain, quickly verify, deliver on time, and comprehensively improve the accuracy of inventory.
At the same time, the scanning process of oprfid technology enables clerks to quickly and accurately count sales and find specific goods through intuitive handheld devices. The software platform can provide real-time executable data, including replenishment, expiration reminders, promotions, abandoned commodity reports, purchase and order lists and other information. The deployment of oprfid technology enables stores to gain comprehensive information insight from receipt to final sales or commodity processing, and can remove expired commodities from inventory records through the system, realizing an efficient, intelligent and active management mode.
Loss and waste not only have a significant impact on the profits of the food retail industry, but also produce greenhouse gas emissions due to the production, transportation, packaging and sales of food, which will also cause damage to the environment and economy. For food retailers and other enterprises that want to improve operations, cultivate long-term customer loyalty and practice environmental protection concepts, oprfid technology solutions can play a key role in improving inventory accuracy and enabling digital and efficient supply chain management. To learn about the application of oprfid technology RFID solutions in different retail vertical markets, please visit the official website of oprfid technology to obtain more industry information and the latest solutions.
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