For retailers, the cost of inaccurate product counts is high. When a retailer can’t locate a product that is supposed to be in the store, that inaccuracy results in lost sales and unhappy customers. In fact, a 2023 IHL report estimated that retailers would lose $1.2 trillion to out-of-stock merchandise. With stats like these, it’s no wonder why 93 percent of retailers use RFID technology, most often to track inventory.