RFID, also known as radio-frequency identification, is a wireless technology that uses radio waves to identify objects. It sends information from an RFID tag to a reader, giving them accurate, up-to-date inventory tracking data. RFID for retail is the cornerstone of today’s omnichannel retailers because it gives a clear picture of the supply chain and inventory management. RFID is regarded as a key enabler of omnichannel capabilities, providing inventory accuracy and has the ability to boost return on investment and broaden the use of technology to improve business.
