Real-time inventory data is mainly enabled by new technologies. One of them is radio-frequency labels, also known as RFID chips, which make products automatically identifiable. When an item passes an RFID antenna, for example at a warehouse exit or a fixed tracking point in a store, the stock level updates automatically without anyone having to scan it.
In addition, IoT sensors, digital shelf labels and camera systems help to capture product movements automatically. Some fashion retailers already use these technologies across all stores to always keep stock data up to date.
AI systems analyze the collected data, detect irregularities and report unusual changes immediately. Many retailers combine several technologies to avoid isolated data and create seamless processes.