For months I ve been developing a software and hardware solution for businesses. If the item sells off the web, it deducts it from inventory in real time. A shipping label is printed and off it goes. Likewise if it sells in the store, it deducts the item from inventory and out it goes with a corresponding receipt. Professor Cochrane mentioned the use of transponders in retailing.
Transponders are minute chips that can come in the form of radio frequency identification tags.
Hence, they are superior to bar code, static technology. The security benefits are outstanding. If you encode your store s personal identification onto a transponder then you can identify its location within your store and without. It beams a signal back to you within 200 meters. If a thief steals something from your store, you can track his location down the street until the authorities arrive.