RFID stands for Radio-frequency identification, is an automatic identification method using RFID tags or transponders. It is incorporated into the product for the purpose of indentification using radio waves. RFID tracking is done in enterprise.
supply chain management to improve the efficiency of inventory tracking and management. Passive, Active and semi-passive are general varieties of RFID tags.
RFID eliminates shipping errors and increases the shipping accuracy. It avoids the cost of returning the incorrectly shipped materials, and re-shipping the correct ones.
RFID tags has many important advantages over bar codes in packaging. While current bar codes are limited to a single type of code for a particular product, RFID tag capacity is large enough to each individual tag will have a unique code. It helps to track the products when it moves from location to location.
The value of entire RFID market in 2008 will be $5.29 billion. This is a $4.93 billion up from 2007. RFID is increasingly used in the supply chain and replacing bar codes with something more reliable and versatile.
The high cost of RFID chips is one factor cited as a major barrier to the wider introduction of the technology.
