How radio frequency identification (RFID) transforming business

Radio frequency identification (RFID) is a tool to track and locate objects by using electromagnetic fields on the tags that are attached to the objects. This real-time tracking significantly improves efficiency of business processes as it requires less resource to carry out everyday tasks. Let’s look at how RFID is making businesses really simple:

Merchandise tracking

When it comes to storing information, RFID is probably the best application to rely upon. Integration of RFID and enterprise resource planning (ERP) rolled out by sap partner improved the whole supply chain management . RFID uses a mechanism where electronically stored information on the tag is read by the radio waves and it’s subsequently transmitted to the entire network. The data on the tags can be modified and updated if the business demands. It has redefined inventory management as the information related to new stock can be updated as soon as the supply arrives. RFID can also be used to track location of products in the supply chain.

In manufacturing

RFID is a cost-effective tool to optimize production flow. It automatically stores information related to raw materials, work-in-progress, and finished goods. It helps an organization manage the production flow as it works in sync with the company’s automated storage and retrieval system. RFID can locate a misplaced item, improve shipping accuracy, quickly eliminate bad inventory, speed up production, perform quality checks, and manage post production time.

In pharmaceuticals

RFID streamlines the work flow in pharmaceutical industry with key focus on supply chain security, product distribution, healthcare system, and standard production regulations. It’s widely used in the pharmaceutical industry owing to its ability to prevent counterfeit products, medicine diversion, and access control.

In banking

Banks used to perform their inventory checks manually before RFID came into existence. The work that used to take days for a team of workers to complete can now be completed within hours with the help of the technology. As a result, RFID is now used not only by banks but it’s also used in financial organizations and other sectors that use IT equipments.

Attendance tracking

This can be really helpful while organizing a conference or a seminar. It tracks flow of attendees, and the registration can be done automatically, which eliminates manual registration and streamlines the whole process.

Access control

Most of the organizations, these days, have high security areas where entries need to be restricted to authorized personnel only, which can be achieved by RFID access control tags that prevent access of unauthorized individuals to high security areas in the premise.