Retailers and fmcg companies are finally beginning to overcome obstacles in their supply chains, such as RFID and investment costs, according to the annual global survey from IT consultancy Computer Sciences Corporation.
In its research of businesses across Europe and North America, CSC found that 61% of respondents had achieved reductions in supply chain costs from one to 10%, while 13% had saved between 11 and 20%. Plus, 49% of businesses said their supply chain strategy was aligned with corporate strategy and 52% said it was being formally reviewed every year.
RFID was described by 16% of businesses as a technology that was driving results in the supply chain. Nearly one third (31%) of those surveyed said they were interested in investing in RFID. However, more than 80% said it was still at the “internal optimisation” stage.
The report comes as Wal-Mart chief information officer Linda Dillman claimed RFID had helped build sales as a result of improved availability on key items. Out-of-stocks were reduced by 16% in stores trialling RFID in the past year.