CIO Discusses Current and Future Benefits at RFID Conference
BENTONVILLE, AR. – May 1, 2007 – Wal-Mart Stores, Inc., (NYSE: WMT) continues to expand its RFID capability to additional facilities, enabling an additional 400 Wal-Mart stores by the end of this fiscal year, Wal-Mart Executive Vice President and CIO Rollin Ford said in a speech Monday. At the RFID Journal Live conference in Orlando, Fla., Ford also discussed the technology’s current and future benefits to both business and consumers including broad benefits for improving sustainability.
“Through RFID technology, Wal-Mart is providing value to customers, working with our suppliers to deliver collaborative benefits that allow people to save money and lead better lives,” Ford said. “We have only gotten started, and we are continuing to rollout to more stores at the same rate as the last two years.”
Ford’s speech at the RFID Journal Live conference was a keynote at what is described as the largest end-user RFID conference, attracting more than 2,500 attendees in 2006. He said current benefits include a 30 percent reduction of out-of-stocks, reduction of excess inventory in the supply chain, and sustainability impacts. Ford also outlined advancements including pallet locators now being used at Sam’s Club locations – increasing inventory accuracy and reduced member waiting time -- as well as future benefits in pharmacy accuracy, grocery freshness, software, CD and DVD authentication, and 30-second store checkouts.
“Our focus on using RFID to improve in-stocks for our customers means eliminating extra trips they may make to our store, or to others,” he said. “On a daily basis, more than 24 million people shop our stores. If 100,000 extra trips are avoided by having items in stock, we will save customers $22.8 million a year in gas savings and reduce greenhouse gases by 80,209 metric tons.”
Ford also described future innovations that could be made possible with RFID.
“In the near future, customers may be able to enjoy advantages such as automatic warranty activation on electronics, freshness assurance on foods thanks to cold chain monitoring and enhanced product safety as a result of faster, more accurate recalls and better freshness monitoring,” he said.
Wal-Mart Stores, Inc. operates Wal-Mart discount stores, Supercenters, Neighborhood Markets and Sam’s Club locations in the United States. The Company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom. The Companys securities are listed on the New York Stock Exchange under the symbol WMT. More information about Wal-Mart can be found by visiting www.walmartfacts.com. Online merchandise sales are available at www.walmart.com.