RFID tag used in inventory management
- 2022-05-25 14:20:27
- Source：Vinda Liang
In the rapid development world of inventory management, all companies focus on improving efficiency. Companies are regularly evaluating their current capabilities and finding ways to squeeze as much efficiency as possible out of their existing infrastructure while preparing to adopt new technologies that can take their performance to new levels.
RFID is an automatic identification technology that allows the transmission of information via radio waves. It enables the automatic identification of objects and retrieval of associated data. An RFID tag consists of a chip and an antenna, which can be attached to items for asset tracking and inventory management.
RFID System for Inventory Management
This article will explore the current state of RFID tag used for inventory management.
Advantages of Using RFID Tags for Inventory Management
a. Real-Time Tracking
By attaching RFID tags to each item, it becomes possible to track their location and movement in real-time. When items are removed or moved, the RFID reader can instantly detect it, allowing for real-time monitoring of inventory.
b. Enhanced Efficiency
RFID technology can significantly improve the efficiency of inventory management. When employees need to locate specific items, they simply need to carry an RFID reader within the warehouse and walk around. The reader will emit a beep sound when it detects an item with a specific tag, thus speeding up the search process.
c. Reduced Errors
Traditional inventory management methods are prone to errors, but RFID technology can minimize these errors significantly. The system automatically identifies tags and records the quantity of items, eliminating the possibility of human error.
d. Automated Management
By integrating the RFID system with other enterprise systems, it is possible to achieve fully automated inventory management. For example, when the quantity of a particular item in the warehouse falls below a predefined safety stock level, the system can automatically generate a replenishment order.
How Much Does It Cost to Implement an RFID Inventory Management System?
Understanding the total cost of an RFID inventory system implementation can be a complex undertaking as there are many costs to consider. The largest initial cost is the equipment, which can include RFID readers, tags and antennas.
Handheld RFID reader is about 400-600$ in China, The price of an integrated RFID is about 350-500$. If you choose RFID module add antennas, the price will not exceed 700$, and the passive RFID tag is about 0.05-1.5$ per pcs. So the fees of a rfid system is not ecpensive.
In conclusion, RFID in inventory management offer numerous advantages. These include real-time tracking, enhanced efficiency, reduced errors, and automated management. However, while RFID technology provides numerous benefits, its implementation must be preceded by a careful assessment of costs and benefits.