Radio Frequency Identification (RFID) is a breakthrough technology that finds application in diverse areas. The value of RFID lies in operational efficiencies resulting from enabling instant information about each individual product item to all parts of the supply chain including manufacturers, distributors and retailers, leading to reduced operational costs, increased efficiency and thus increased profits. Improvements arise due to availability of information forecasts because of access to downstream data and preventing out-of-stock situations while simultaneously reducing inventory levels, resulting in proactive integrated forward supply chain management.
Other typical applications include Access Control ID Badges, Contactless Smart Cards, Payment ID, Electronic Toll Collection, Baggage Handling, Vehicle Tagging, Animal Tagging, Inventory Verification, Automated Proof of Delivery, Real Time Location of Goods and Product Security.
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