Which retail technology, first patented in 1952 but not widely adopted until the 1970s, revolutionized inventory management and is estimated to save the retail industry billions annually?

In the ever-evolving landscape of retail technology, certain innovations have fundamentally transformed how businesses interact with consumers. This trivia question focuses on a breakthrough technology that revolutionized inventory management and product tracking across the retail industry. Test your knowledge about this pivotal retail technology development that changed how products move from manufacturer to consumer, creating unprecedented supply chain visibility.

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Universal Product Code (UPC) Barcode System
Radio-Frequency Identification (RFID) Tags
Electronic Article Surveillance (EAS) System
Point of Sale (POS) Computer Systems