Adjacent figure shows that reliable estimate of lost revenue for a retailer due to out of stock can be anywhere from a few percent to 8 or more percent. If a typical retailer losses 4 percent of sales due to being out of stock, the improvements to the top line for Wal-Mart could be $12 billion in additional revenue with adoption of RFID technology.
We can see that challenges are also somewhat related to each other like benefits. With technology advancements, most of these challenges will eventually be overcome. However, being a societal issue, privacy requires more than technological advancements and will remain a major challenge for retailers. A balance between benefits consumers can get in terms of better service and savings and the impingements of privacy should be top priority of retail sector.
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FMS Scholastic Council