May 18, 2004
Wal-Mart Stores Inc. by June will have another 200 of its suppliers involved in its efforts to track cases and pallets of products using radio-frequency ID technology, the CEO of the retailer's stores division said Tuesday.
Another 200 suppliers will be involved in the project by June, with the goal of having all U.S. suppliers involved by 2006.
Michael Duke, speaking at the Retail Systems trade show where Wal-Mart CIO Linda Dillman last year announced the January 2005 RFID deadline, laid out the company's high-level plan for RFID for the coming years.
It includes a June summit with the 127 suppliers involved in Wal-Mart's initial RFID effort, which includes tracking cases and pallets into a Sanger, Texas, distribution center and stores by January.
Next year Wal-Mart will expand the RFID effort to suppliers throughout the United States, with the goal of having all suppliers involved in 2006. An international rollout will come in 2005 and 2006.
Duke said he expects the biggest benefit from RFID eventually will be higher sales resulting from fewer out-of-stock products.
"One of the greatest single benefits will be increased sales, because customers will be able to buy what they want to buy," Duke said. "When you're developing your ROI, start with the top line of your profit-and-loss statement."
Source: Information Week
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