Which inventory tracking technology, invented in 1974 by Norman Woodland and Bernard Silver but not widely implemented in retail until 1974, is estimated to save the retail industry over $18 billion annually?

In the history of retail, certain technological innovations have revolutionized how products are sold and tracked. These breakthroughs fundamentally changed inventory management systems, transforming retail operations from manual processes to sophisticated digital solutions. Test your knowledge about one such game-changing invention that retailers worldwide now take for granted!

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• RFID (Radio-Frequency Identification)
• UPC (Universal Product Code) barcode
• NFC (Near Field Communication) tags
• Electronic Article Surveillance (EAS) tags

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