Warehouse management is imperative across all industries and market verticals. RFID nowadays has become significant part of the warehouse management. It provides advantages to a warehouse by tracking, securing and managing items from the time they enter the yard/warehouse through the entire transit. Warehouse agents can benefit from RFID tags because this technology can make internal processes more efficient and improve responsiveness, by enabling a real time traceability of assets.
Traceability of assets and their movement within a warehouse or along the distribution channel helps to manage resources better in following ways-
• Inventory levels can be managed better
• Losses are minimized
• And manual labour can be reduced.
RFID tags can create such systems which are reliable and bring about efficiencies along these warehouse and distribution channels. Also, it monitors the progress of products through the warehouse through automatic identification of goods, maintaining accurate and timely records of their location, movement, dispatches and delivery. RFID tags are attached to the materials, RFID Readers and Antennas are installed at the check points which typically would be the entry/exit points of the warehouse; to record movement of tagged assets.
RFID tags have ability to read, write, modify and update. All the data is manually stored on the IC and can be automatically read whenever a tag enters the electromagnetic field. All the material information like source, manufacturing date, place, and destination location are all entered against the tag ID. Whenever any material is moved in or out of the warehouse it automatically gets updated in the system database.
A regular inventory update is possible by using handheld RFID devices, during the life span of the material in the warehouse. The data can be automatically updated for a lot material at once. RFID technology hold capacity of reading multiple (>100) tags simultaneously. Constant monitoring of the materials will be possible at any time by increasing the number of readers and antennas.
Deploying RFID technology creates visibility of assets for a firm with lesser manual effort. These benefits lead to overall resource optimization and cost savings.
Benefits of RFID based Warehouse Management:
• Provide greater visibility of the inventory as it moves.
• Enable faster inventory turns and less stagnant stock.
• Reduces inventory handling cost.
• RFID Technology increases the speed and productivity of the tracking process in warehouses, reduces the need of manual check and counts.
• Capture critical information to and from every point of activity.
• Reduces inventory errors and inaccuracies