RFID Technology in Storage Management: A Bibliometric Study on Efficiency and Cost Reduction in the Retail Sector

Abstract

All retail companies have stock issues regardless of size or age. Radio-Frequency Identification (RFID) technology might be used to keep tabs on tagged goods in the warehouse and provide a more reliable stock count. This study focuses on using RFID technology for inventory management and supply chain processes in the retail sector. Bibliographic reviews of articles published in Scopus between 2017 and 2021 with keywords were used as the methodology. 188 english-language articles from peer-reviewed academic journals were chosen for analysis and visualization using VOS viewer and bibliometrix software. The findings suggest that incorporating RFID into inventory management and supply chain operations can boost efficiency and cut costs in the retail sector. Countries and periodicals with the highest output of RFID-related articles in the niche market were determined, along with the most prolific authors and critical terms in this literature. Furthermore, a positive correlation was discovered between strategic management accounting and the supply chain, and the significance of cooperation and coordination within the supply chain was highlighted. The study’s limitations include its reliance on Scopus as its sole data source. However, managers and decision-makers in the small business sector may find the study’s findings helpful when contemplating RFID implementation for inventory management and supply chain tracking.