Benefits of RFID Solutions
RFID is now being used in different industries for many different applications. It is used in engineering, construction, manufacturing, the chemical industry logistics, retail, and the public sectors plus many others. The benefits of RFID in different sectors, however, are varied. Below are some of the benefits of RFID.
One of the benefits of RFID is that it can automate information collection about the movement and location of stock, assets, components, and other items. It can be done quickly so it reduces cost. It can be done with accuracy and reliability which is not really possible with manual methods. It can also be more detailed than barcoding. Data is collected by other means and so you don’t need to fill up forms. Using RFID to identify products is much quicker than bar code scanning and manual entry of product details.
With RFID you can easily capture data with speed and accuracy. When RFID is used for electronic data collection, you prevent error in data transcription. You also prevent missed items when collecting data on a large number of items at one time.
Because there is better control of stocks and assets, costs are lowered with RFIC technologies. Business assets are kept track of. These assets include transport packing, test equipment, computing technology, and other portable devices.
There is improved security of the business premises with access control systems using RFID. It can also make it easier to track inventory shrinkage with RFID tagging of stocks and assets. This can be used to prevent the counterfeiting of products.
RFID can also help reduce stock-outs, avoid the credibility gap between notional stock available for orders and actual stock present in the warehouse, offer to improve information on product movements to customers. This service creates competitive differentiation. It also helps to increase the satisfaction of customers with higher sales opportunities and better margins.
You can integrate RFID with supply chain or manufacturing technologies. It can easily reduce the time from order to dispatch and delivery.
Using RFID can improve regulatory compliance. RFID can be used to control the inspection of devices or the restriction of their movement. This can help address health and safety issues. It can also satisfy regulatory bodies or insurers they are complying with regulations.
With RFID, data can be captured in real-time. And because of this, when stocks or assets are moved, there is the availability of detailed, and updated management information that can be used for planning and operational management purposes.
With the many benefits of RFID technology, a solid business case can be built for its use in various industries and for various applications. In summary, the benefits of RFID technology include higher productivity, an increase in revenue, improved quality data capture, shorter processes, lower costs, improved regulatory compliance, better security, and accurate and relevant management info. With these benefits, your business should consider using RFID technology.
Concerns have been expressed concerning the use of RFID since it uses radio waves. People want to know if its use is dangerous or not. However, RFID tags are passive. They don’t have any in-built energy source. Thus, a tag alone does not emit any waves and poses no danger to anyone.