RFID (Radio Frequency Identification) is the technology that enables businesses to monitor their products and inventory from manufacturing through distribution.
RFID tags enable businesses to simplify their inventory management procedures and enhance the customer experience.
A single technician can track assets that are RFID tagged to guarantee they are used only when necessary. It helps prevent lost or misplaced equipment and increases productivity within facilities.
- Inventory Management
RFID tags can be employed for many inventory management functions. They offer improved visibility into your stock levels and help you avoid expensive stock-outs.
They provide valuable data about your products so that you can make informed decisions regarding reordering and shipping. For instance, knowing how many customers are buying your item ensures you have enough supplies to satisfy demand.
Furthermore, they can help identify and categorise products based on nature, such as durable or perishable items. Doing this helps avoid theft or other issues if your inventory isn’t labelled properly.
One advantage of RFID technology is its speed and efficiency. Since it doesn’t rely on “line-of-sight” scanning as barcode scanners do, it works much faster.
Warehouses benefit by being able to quickly check in shipments and count their inventory without spending hours on tedious manual processes. Not only does this save them money in the long run, but it’s also more convenient for employees.
Retailers benefit from having this type of visibility, as they need to know what’s selling on the sales floor and how quickly. Before RFID, such inventory would take days or weeks to collect; now, it can be done within minutes with RFID technology.
- Access Control
RFID (Radio Frequency Identification) tags and readers are commonly used for access control in residential apartments, industrial facilities, and commercial offices. You’ll even find them in parking garages to track vehicles and provide secure entry into a building.
RFID tags contain a chip that stores data, which they transmit through radio waves to a reader. RFID tags may also be embedded into ID badges, key cards and fobs for more versatile access methods.
Tags come in various forms and are typically constructed with tamper-proof materials. They can be attached to objects using adhesive, or they can be wire-attached to metal objects.
Active RFID tags send a signal, which consumes battery power. They feature an internal antenna that receives and transmits signals from other tags or readers.
Passive RFID tags offer convenience and don’t need batteries, but their readability may not be optimal when viewed from a distance. Furthermore, environmental elements like metal or water near these passive tags could be affected.
- Event Ticketing
RFID technology works by embedding tiny antennas in items like tickets. These tags enable the keys to communicate data back and forth to a reader, who then processes it to provide event planners with insights into attendees’ movements.
Smart ticketing can help you sell more tickets, reduce lines and enhance security at your event. Furthermore, it can improve customer engagement by offering attendees exclusive games and activations.
When ticketing your event, select a software platform to sell tickets 24/7. Doing this ensures you never miss a sale and saves time from dealing with tickets on-site or mailing them directly!
RFID-enabled wristbands, for instance, can serve as eWallets that enable attendees to make payments with their mobile phones and even pre-purchase items. It saves them a lot of hassle while at the event and encourages spending since they’re less likely to forget their wallets.
RFID technology can also be utilised for improved customer service at your event. For instance, if a VIP needs to speak with someone, they can quickly access their wristbands or badges to request assistance and resolve their problem.
- Security
RFID technology is rapidly gaining traction worldwide, but some misconceptions exist about its security. Although still young, many of these worries about safety are overstated or misplaced.
RFID tags can be implemented with various security measures to help protect the information they contain. These include encrypting any data written onto them, making the tags invisible and preventing cloning.
Challenge-response authentication systems can be an effective method to protect the information sent between readers and tags. Both parties utilise cryptographic algorithms to compute answers to questions posed by each other.