Many inventory inaccuracies exist in the retail world today. Most retailers have only about 65 percent accuracy into their inventory on a given day. Imagine trying to operate a business when one-third of the decisions you make are based in inaccurate data.
Unfortunately, stockrooms at medical and research facilities are faced with problems very similar to those in retail. Inventory visibility is often a challenge, and accuracy can hover at levels similar to the retail environment. Shrinkage is a common occurrence. RFID is helping to solve all of those problems while helping researchers to concentrate on their research.