Analysis of Implementation of RFID Technology in Retail Industry

In today’s world cost optimization and better service are becoming the essential components ofthe retail supply chain. The thesis tries to contribute to the understanding of the RFIDtechnology in the retail industry. The basic concepts and the research contribution of the variousauthors are briefed in the theoretical framework made for a better understanding to the readers.After gained the relevant theoretical knowledge, the interviews were conducted with the RFIDexpert and some retailers. The empirical data collected from the interviews and surveys areprojected. With the empirical results and the relevant theoretical results, an analysis is madewhich explicitly gives the basis of implementation of RFID in the retail supply chain and itsassociated practical scenarios. Another outcome of the thesis is the result of the checkoutanalysis of the Willys retail store, and researchers try to show the potential benefit of adoptingthe RFID technology at item level at the point of sales, also cost estimation and savings areshown in the analysis. In a bird’s eye view, this research thesis work is a contribution to theimplementation of RFID technology in the retail industry and its integration among the differententities of retail supply chain and improves the overall performance of supply chain and providea framework for RFID implementation for the case company