It really is no secret that RFID tagging is beneficial for almost every business. From the construction industry to library services, asset tagging has huge advantages when it comes to real-time tracking, logistics management, data capture, inventory and distribution. The infographic below discusses just 8 RFID benefits.
Not a fan of reading from an infographic? Here’s the 8 RFID benefits in black and white. 1. SALES GROWTH Retail stores have shown an 8% – 10% sales growth from knowing what they have in real time. Using RFID technology for real time stock analysis means popular items don’t run out of stock. 2. QUICK, PRECISE IDENTIFICATION FOR INVENTORY RFID allow items to be identified quickly and reliably. The speed of data capture using an RFID system is less than 5% of the time taken in a manual process 3. DATA SOURCE RFID tags have a memory chip installed allowing storage of an items; location, seriel number, manufacturer, photo, use history and even a maintenance schedule 4. LIVE ACCURATE DATABASE Having an operational RFID based asset tracking / management system, means you have a live asset database that’s accurate 5. FASTER DISTRIBUTION The efficiency and accuracy of the selection process created by RFID management systems means a quicker distribution time 6. REDUCED LABOUR IN LOGISTICS MANAGEMENT Keeping track of your assets can be extremely labour intensive and time consuming. RFID reduces this with greater logistics control 7. IMPROVED READ ACCURACY The read accuracy of RFID is 99%+. The speed of the process should equate to less than a couple of percent of a manual process 8. MULTIPLE ITEMS AT ONCE RFID tags use radio signals to identify an item so there’s no need for line of sight. The ability to read multiple items quickly means a faster read is achieved than a manual barcode scan process.