Types of RFID applications
Fixed Assets Management: The most important RFID application in the world of business is an RFID-based fixed assets tracking and management software. This RFID fixed asset tracking software is a revolutionary solution that automates the processes of managing fixed assets. It provides ultimate transparency and visibility.
Stock Availability: The regular automatic updating of information permits a system to trigger a notice as soon as stock levels reach a minimum level. Employees can then submit refill orders immediately.
Security: RFID tags can record whether packaging has been sabotaged, as well as the locations of fixed assets. This enables companies to eliminate theft and inventory loss.
Shelf-life Management: RFID systems make it easier to identify the lifetime of products, helping to manage products better. (Older products can be placed at the front of shelves.)
Managing inventory: RFID systems can minimize the potential for stock-taking errors and eliminate the need to individually scan barcodes. Automated inventory and fixed asset-tracking in all sectors including business sectors prevent inaccurate data capture and lessens warehouse cycle times.
Management of Defects and Recalls: identify the source of products, allowing intelligent recall of defective or dangerous items, such as expired or compromised medication. You can use RFID to detect where defects occurred during the production process and to identify individual products that need to be recalled.
Distribution: By allowing companies to track the locations of fixed assets, RFID systems enable faster, more accurate distribution of products. Improving all business processes can impact product delivery cycles. It also provides clarity into the supply chain, resulting in a more efficient distribution channel and reduced business costs.