With increasing complexities in the work process, managing inventory has become tough and important too. An inventory management system helps a company to have clear insights into the stock in hand; it prevents stock surplus or its shortage, stock security and quality management. Inventory visibility and control are keys to maximizing throughput and boosting productivity. Radiofrequency identification (RFID) is a technology that creates visibility and helps in controlling the inventory at the warehouse.
RFID technology helps in the identification and recording of individual products and components, and to track them throughout the verticals from production to point-of-sale. This process does not require direct line-of-sight and it creates visibility of stock in hand, thus helps proper utilization to it. Every movement of the inventory/stock can be automatically stored on the system with the help of this technology.
Benefits of Inventory Management using RFID Technology: