Retailers can achieve real-time insight into their inventory status using RFID labels and tags, such as the number of goods, sales data, and consumer preferences. This information is invaluable in the retail industry and helps drive business strategies.
RFID labels are inconspicuous as they are small, light, and flat. The chip inside the labels contains large amounts of data and retailers can pair them with support software. Tracking sales using RFID technology can help retailers by reducing accounting time by approximately 20 to 30 percent and develop sales strategies.