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RFID Overview

RFID IS ALL ABOUT TRACKING INVENTORIES IN MOTION!

RFID Market Overview:

  • The benefits of Electronic Product Code (EPC) and Radio Frequency Identification (RFID) technologies offer companies the opportunity to better manage inventories and lower costs.
  • RFID benefits everyone who is a part of the supply-chain process, from the grower or manufacturer to the final user, and can be used to ascertain the shipment details down to the case used for a given item.
  • The market drivers include: Wal-Mart, Target, Procter & Gamble and Albertsons in the retail sector, Department of Defense (DOD) and Federal Drug Administration (FDA) in the Federal Government.

Importance of RFID:

  • Your remote field workforce needs to quickly and accurately identify specific asset and location information on inventories.
  • This asset and location information must be consistent with unique identifiers stored in one or more existing applications.
  • You have two major options: Barcodes or Radio Frequency Identification (RFID) tags.
  • The problem with barcodes is they don't last in harsh environments.
  • Barcode labels only provide unique ID numbers, which then must be associated with remote identifier databases.
  • With RFID tags, asset information (up to 1360 bits of data) can stored locally on the tag.   

Future Trends:

  • Today, most RFID applications are designed for inventory and asset tracking, but that is beginning to rapidly change.
  • The goal is to eventually have RFID on every item in the supply chain, which will usher in a new wave of object-to-object collaboration.
  • More vendors are commonly partnering to provide solutions, and this will increase dramatically.
  • A recently released report by ABI Research stressed that collaborations are vital to RFID's success.