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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 system consists of a tiny radio transponder called a tag, a radio receiver, and a transmitter. When triggered by an electromagnetic interrogation pulse from a nearby RFID reader device, the tag transmits digital data, usually an identifying inventory number, back to the reader. This number can be used to track inventory goods. [1]
RFID-based Asset Tracking requires an infrastructure to be put in place before the whereabouts of tags may be ascertained. 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.
For example, Wayne Memorial hospital has saved $300,000 by tracking for infusion pumps with RFID technology that can piggyback on the Wi-Fi system already in place. [3] That system is known as "Active" RFID because it uses tags that have batteries and constantly beacon.
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]
The technology acts as a base in automated data collection, identification, and analysis systems worldwide. RFID has found its importance in a wide range of markets, including livestock identification and Automated Vehicle Identification (AVI) systems because of its capability to track moving objects. These automated wireless AIDC systems are ...
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