RFID technology identifies and captures information tied to objects and stores the data for fast and accurate operation. Unlike barcodes, which are already outdated, RFID technology makes the process faster, more convenient, and error-free.
Want to know more about RFID technology and RFID tags? Read on!
RFID Technology in Inventory Management
The entire supply chain can become more efficient with the use of RFID technology, including inventory management. Management, control, movement, storage, and every other aspect of the logistics process will be actively affected with RFID technology, becoming faster, reducing costs and errors.
It is not news that the stock register and the actual quantity of items may not coincide. Mistakes like these are unfortunately frequent, but they can be reduced. RFID technology mainly reduces human error and improves inventory management as a whole. For example, there will no longer be the possibility of inaccuracy in inventory data management, and the scanner has the ability to scan the entire inventory much faster than anyone else.
RFID technology helps you solve problems!
– Quickly and automatically collect inventory and reinventory data
– Track and trace inventory items
– Optimize operating costs
– Adhere to regulatory and compliance standards
– Using working capital effectively
– Mitigate security risks
Solutions for the use of RFID technology in Retail
There are several advantages of using RFID technology in logistics and supply chain. We can mention:
– Be able to initiate business relationships with large customers that require the use of RFID to their suppliers.
– Real-time supply chain overview.
– Reduces administrative errors, due to the automation of data transfer.
– It simplifies production management, due to the ability to track work in progress in real time.
– Increased speed of inventory flows with simultaneous identification.
– Drastically reduce workload, rework, and Work-in-Progress (WIP).
– Warehouse and product management. For example, RFID tags allow real-time collection of information that influences both quantity and quality. That is, RFID tags not only automate item identification, but also when combined with other technologies, can monitor temperature, bacteria density, humidity degree, etc. In this option, active or semi-active tags are required to perform monitoring.