As retailers continue to look for new ways to manage inventory, reduce shrinkage and drive sales revenue, they are starting to take a serious look at Radio Frequency identification (RFID) technology.
What RFID is and how it works
Similar to a barcode or magnetic strip on a credit card, the RFID device provides a unique identifier for that object and needs to be scanned to retrieve the identifying information. RFID refers to small electronic devices consisting of a small chip and an antenna. The chip can usually carry a maximum of 2,000 bytes of data.