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For many retail stores there are two key factors that contribute to the loss of revenue, which are inventory tracking and theft. These two factors also play their role within a medium-sized business called On Target, a newer sporting goods store. For smaller businesses, lost revenues are harder to recover and deal a larger monetary blow compared to larger businesses that have more avenues to protect themselves. Digital Fortress has been asked to manage a project that would produce a solution that would minimize lost revenue from inventory errors and theft tracking, and this project team has formulated its recommended solution in the form of this report. The recommendation is to add Radio Frequency Identification (RFID) tags to the entire inventory in the store, which will increase inventory tracking speed and better tracking of inventory lost due to theft.
RFID tagging utilizes microchips that can send radio frequencies that are received by an RFID receiver, which tell the......
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Approximate Word Count: 1071
Approximate Pages: 5 (250 words per double-spaced page)
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