Facts and Figures
Making the world a little better with RFID
Industry surveys and reports show that many consumer products – particularly certain groceries and certain electronic devices – are not on the shelves 7 to 8 percent of the times that customers go to the store to buy them, even though there may be more available in the stockroom or from the manufacturer. Items that are on sale are even more frequently unavailable on shelves: on average, they are missing 20 percent of the time! These "out-of-stock" situations, as they are called in the retail business, are a real problem for consumers and businesses alike. RFID is helping to lower these rates. There are companies across the entire supply chain – from production factories on the one end to grocery and electronics stores on the other – that are using RFID technology to better manage their inventories. Their goal? To never have a shelf be empty when you are looking for something you want.