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Wal-Mart Stores could increase sales by US$287 million by fixing just a small portion of its inventory problems using RFID (radio frequency identification) technology, and that could be just the start, an executive said Friday.

The world's largest retailer, with US$345 billion in sales last year, is gearing up to roll out the RFID gear to make that prediction a reality in its 4,068 North American stores. The key behind it all is making sure RFID tags are installed on all products, and using a forklift with RFID equipment installed to show the driver exactly where merchandise is inside store warehouses.

It's a big issue for Wal-Mart, said Ron Moser, RFID strategy leader at Wal-Mart, speaking at the Taiwan International RFID Applications Show in Taipei. The company is widely seen as one of the world's top drivers of RFID technology, but it has had some missteps. It missed a goal last year of installing RFID technology in 12 of 137 distribution centers, and an April target to have RFID technology in place at 1000 retail stores. So far, it has RFID installed in 975 stores.

Read the full story at CIO.com.

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