The abbreviation “RFID” refers to radio-frequency identification. Radio-frequency identification (RFID) is a wireless technology that uses digital tags attached to objects, animals, or people to facilitate tracking and identification.
These tags are used and examined at numerous points in the supply chain to glean real-time data such as stock level, availability, current location, and so on. These labels come in various sizes and may be easily attached to any item.
Different RFID tags operate at different frequencies, have different lifespans, are made of different materials, have different capacities for storing information, and cost different amounts of money. These resemble barcodes closely but can store significantly more data than their predecessors.
How Useful is Radio Frequency Identification Technology for Stock Control?
In theory, an RFID software platform might make inventory counts more reliable and easier to track data on items currently out of stock. It may be easier to fulfil orders related to the stock if the data about the stock is constantly updated.
RFID inventory monitoring involves equipping each item with a small electronic chip to track it efficiently and in real time. Information stored on the tag can be transmitted wirelessly to the reader, allowing for easier product tracking from production to retail. RFID read sites in distribution and warehouse facilities collect data on the movement of objects.
This data is then used to update stakeholders on the whereabouts of a shipment and when it is expected to arrive. The information collected can also help determine or monitor stock levels inside a company or other facility.
What Benefits Can Radio Frequency Identification Technology Bring to Stock Control?
RFID technologies can increase safety and productivity in inventory management, depending on their implementation. Some benefits of RFID systems for stock control are outlined in greater detail below.
RFID Technology has the Potential to Reduce Labour Expenses
Large-scale RFID inventory management system often necessitates the use of manual labour. Digitally conveying information, automating mundane and repetitive activities, and reducing the need for human intervention across the product life cycle are all capabilities of RFIS systems. This could reduce the need for human employment, reducing associated costs.
In theory, RFID systems Could Help With Both Error Minimization and Fortification of Safety Measures
Since data in RFID systems is transmitted via radio waves, human error is greatly diminished. This is because the error margin can no longer be blamed on human interference. These tags may also track who enters and leaves secure locations, minimising the likelihood of theft and the number of unapproved visitors.
The Implementation of RFID Systems has the Potential to Increase Productivity Inside a Company
RFID systems are likely much quicker than traditional methods since they do not rely on transmitting information from one person to another. It just takes a few seconds for all the data connected with an object to be transmitted via radio waves.
Predictions for the Future of RFID Technology
Future developments in RFID technology may enable widespread implementation across many additional industries and markets. RFID systems have the potential to grow more effective and efficient as technology progresses, making the area’s future appear hopeful.
