Wal-Mart Cancels RFID Trial
EABird writes "CNet is reporting that Wal-mart has announced that they have canceled the RFID trial they were planning. Unfortunately, it looks like they are canceling it to focus on the use of the same technology in the warehouses and distribution centers instead, and waiting for the cost to come down before using the RFIDs in the stores."
I can't tell whether or not the poster was completely aware of this and joking about it, but you CAN track your pets with RFID tags (and it's been possible for many years). Most animal hospitals offer this service, which they refer to as "microchipping your pet."
Animal shelters scan incoming pets for microchips and contact the owner. It's an ID tag that is hard to lose. The American Kennel Club recommends the procedure.
See this article for more information.
"How to Do Nothing," kids activities, back in print!
Nope. You don't mean that.
What you mean is that most shrink is caused by employees. This includes theft, but also includes things like cashiers failing to ring everything in a cart up, ringing up something cheap instead of a more expensive item, failing to detail recieve every item that is delivered, breaking an item and failing to report it as damaged, using an item in the store and failing to report it as store used, issuing too much money for a return, incorrectly pricing an item, etc.
Some shrink is caused by theft. Percentage wise, not a whole lot in high volume stores.
Most theft in high volume stores is from outsiders. Theft, however, is not nearly as important a number as shrink.
FYI, shrink is the total retail value of all items that should be in the store and sellable, minus the actual retail value of the items inventoried in the store. It's the difference between the value of the inventory the store thinks it should have, minus the value of the inventory it thinks it counted when it did an inventory.
Of course, there are many mistakes made during all of these processes for a high volume store such as Wal-Mart or Home Depot, resulting in a shrink number that can never be precise, due to so many errors in the inventory process.
Support a few technologists in Washington.
The big problem in retail stores is theft, because they let the public roam the aisles. Stuff on the shelves represents tied-up money, so store inventories are kept to a minimum, therefore keeping track of stuff in the stores is not that big a deal. They already use tags to deter theft of big-ticket items such as health and beauty aids. RFID will not help them with this problem any more than the existing tags, so there is not much incentive to use them there. No worries, at least yet.