How can RFID technology prevent shrinkage in retail stores?
Shrinkage, or the loss of inventory due to theft, damage, or error, can cost retailers billions of dollars every year. One way to prevent shrinkage and improve inventory management is to use RFID technology. RFID stands for radio frequency identification, and it involves using tags and readers to track and identify items wirelessly. In this article, you will learn how RFID technology works, what are its benefits and challenges, and how to implement it in your retail store.