Item-level RFID Is The Cure For Out Of Stocks
- Out-of-Stocks make up 56% of the $818 billion figure, or $456.3 billion.
- Overstocks account for the remaining 44%, or $362.1 billion.
- Worldwide, nearly $1.5 trillion of merchandise annually is in an overstock position that creates a loss in revenue.
“The study defined out-of-stocks as any situation wherein a consumer enters a retail setting with the intent to buy a specific item and does not find the item. Overstocks were defined as any situation wherein a retailer has on hand more stock of a particular item than is supported by current demand.”
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