Many manufacturing, warehousing, and distribution industries are in a state of growth and change. Because of this, professionals are taking a hard look at how to improve and stay competitive. One of the most popular and effective ways to impact your bottom line is through inventory recording with radio frequency identification (RFID) technology.
RFID technology makes up-to-the-second visibility of assets, products, and materials possible; however, there are still holdouts who may not understand how RFID can be a complete data collection solution or the benefits of this technology. This blog provides an overview of RFID technology and how to choose the right system for your environment.
How the Technology Works
Typically, RFID technology works through a tag and a reader. The tag transmits data, the reader receives it, and data hubs collect and analyze the information. Through an app or program, you’re then able to view your inventory in the palm of your hand (or at your desktop).
With this relatively simple technology, RFID can provide up-to-the-second visibility of your assets, products, and materials.
Benefits of RFID Technology
RFID is a proven technology designed to deliver accurate, real-time inventory visibility. Due to its ability to increase efficiencies and lower expenses, more than 60% of manufacturing companies plan to use RFID technologies by 2022.
While its tracking capabilities are impressive, RFID technology’s most important feature is how you can use the information to impact on your bottom line. RFIDs can save your business money by:
- Avoiding chargebacks
- Reducing needed safety stock
- Accelerating accounts receivable
How to choose the right RFID system
There are a variety of different types of RFID technology, tags, and readers out there—each suited to different types of environment. Because of all the differences, determining the right RFID system is an important process. Ask these 4 questionsto help determine which RFID is right for you.
Overall, if real-time information is important for you or your customers, RFID may be right for you.
Let us help you
If you’re considering RFID for your business, contact The SMS Group. Our sales staff and technicians are RFID certified and can work with you to implement a phased approach to rollout applications and processes in your facilities, maintain compliance and improve workflow.
To set up a time to talk about how we can help you operate more efficiently, please click here or give us a call at 937-498-2700.