What is the product made of?
Useful to manage returns of merchandise or to look for incompatibilities between two products.
Where did the product stop by?
Facilitate the decision-making process by providing the product's trace, from its assembly, to its point of sale, passing by its shipping and distributing steps.
What is the demand for the product?
Indicate, in real time, inventory stocks and the demand rate for one particular item over another.
There is a prediction that RFID will once replace barcodes (UPC for Universal Product Code),
although it is not likely in short term. The main reasons would be that RFID tags can be
used in places where barcodes are impossible to employ, such as paint environment, and that
they hold enough memory to store a unique identification number for each item where barcodes
can only identify a given set of similar products with the same number.
Other usages of RFID include:
Access control (buildings, departments, vehicles);
Production management and control;
Inventory and supply chain management.
Optimization of processes and operations
Increase of profitability and efficiency
Automatic idenfitication of products (containers, vehicles, personnel)
Precise real-time locating of items
Accurate inventory management, on site or remotely
Efficient warranties management
Exact traceability
Better quality control
Secure operations
Improved management of business intelligence
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