Inventory management includes controlling inventory, which means overseeing the stock in hand. With increasing complexities in the business, inventory management has become a difficult task.
Radio frequency Identification tags helps in managing inventory. It creates a real time visibility of stock in hand and thus helps proper utilisation to it. Every movement of the inventory/stock can be automatically stored on the system with the help of AIDC Technology.
Benefits of Inventory Management using RFID Technology:
· Enhanced productivity through real time visibility of inventory.
· Every movement of inventory in and out the store can be tracked.
· Reduce chances of over-stocking or under-stocking.
· Optimum utilisation of resources.
· Helps in reducing inventory storage cost.