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When a product is in a warehouse or store, it can be tracked via its barcode and/or other tracking criteria, such as serial number, lot number or revision number.Systems for Business, Encyclopedia of Business, 2nd ed. Nowadays, inventory management software often utilizes barcode, radio-frequency identification (RFID), and/or wireless tracking technology.
An RFID application software company, founded by Prasad Putta and Dr. Sanjay Sarma (who co-founded the MIT Auto-ID Lab), [7] enabled Checkpoint to provide tracking and inventory management solutions throughout the supply chain.
An asset tracking system can record the location and usage of the assets and generate various reports. Unlike traditional barcode labels, RFID tags can be read faster and have higher durability. RFID is integrated in smart warehousing to track inventory and other assets.
That system is known as "Active" RFID because it uses tags that have batteries and constantly beacon. The most popular form of Asset Tracking using RFID is "passive" RFID using ISO Standard 18000-6c. The Financial Services Technology Consortium created a standard for tracking assets at bank locations see www.FSTC.org.
Item-level tagging (or RFID item-level tagging, also known as ILT) is the tagging of individual products, as opposed to case-level and pallet-level tagging. [1] Item-level tagging is used to track individual items in order to better control inventory, by providing retailers with the ability to tag individual items on the retail floor. [2]
An RFID tag can be affixed to an object and used to track tools, equipment, inventory, assets, people, or other objects. RFID offers advantages over manual systems or use of barcodes . The tag can be read if passed near a reader, even if it is covered by the object or not visible.
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