In the supply chain, RFID technology is like an advanced bar code system. But unlike bar codes, RFID chips can track individual products in an effort to prevent or reduce product loss -- whether from misplaced orders, theft, or human error -- as well as improve stock management. Once fully implemented, RFID applications can reduce labor costs, as it minimizes the need for human interaction.
Click here to read about the benefits of RFID technology:
RFID technology: Advantages and challenges for manufacturers
HOW TO BUILD A BUSINESS CASE FOR RFID
Getting started: What is RFID?
Getting started: RFID evaluation: Can RFID technology work for you?
Getting started: Determining the benefits of RFID for your business
Getting started: Selecting the right RFID software vendor for your business needs
Building the case: SAP and RFID: Incorporating RFID in ERP software
Building the case: What other companies are implementing RFID technology?
Building the case: What factors are holding up RFID adoption?
Building the case: How do I calculate ROI for RFID?