Speed and accuracy are everything to a company, says Jenny Balderrama, production planner at Keysight Technologies. All too often, however, speed is associated with orders arriving rather the ability to meet them. And accurate forecasting? Forget that.

The use of radio frequency identification technology at Macy's stores has boosted the global retailer's rate of on-shelf display compliance and overall inventory accuracy, while also lifting customer satisfaction and enhancing omnichannel fulfillment based on in-store, single-unit accuracy, according to a report released by The Platt Retail Institute (PRI), developed in cooperation with the Northwestern Retail Analytics Council (RAC).