Getting a grip on inventory management using RF

Thursday, October 24, 2013 - 09:30 in Mathematics & Economics

From a cocktail dress for the next summer party, to favorite perfumes, or computer accessories. There is almost nothing that you cannot buy on the internet today as well. Many customers value the opportunity of going on a shopping tour from the comfort of their sofa, instead of having to fight their way through the city. Therefore it is not surprising that brand name manufacturers are increasingly offering their goods for sale on the web, not to mention the large online mail-order companies. The companies are increasingly working together with regional specialist retailers. Both sides profit from the cooperation. The manufacturer saves the costs and effort of building up additional logistics infrastructure, since the local retailer delivers the goods that were ordered online or has them available for pick up, and deals with returns of products. The retailer in turn receives access to the online market and can thereby broaden...

Read the whole article on Physorg

More from Physorg

Latest Science Newsletter

Get the latest and most popular science news articles of the week in your Inbox! It's free!

Check out our next project, Biology.Net