RFID Technology Revolutionizes Supply Chain Management
Radio Frequency Identification (RFID) technology is transforming supply chain operations worldwide. By using electromagnetic fields to automatically identify and track tags attached to objects, RFID enhances inventory accuracy and reduces labor costs. Major retailers like Walmart and Amazon have adopted RFID to streamline logistics, minimize stockouts, and improve customer satisfaction.
Recent advancements in RFID include smaller, more cost-effective tags and improved read ranges, making it accessible for industries beyond retail, such as healthcare and manufacturing. Experts predict the global RFID market will grow significantly, driven by demand for real-time data and automation.
Despite its benefits, challenges like privacy concerns and initial setup costs remain. However, as technology evolves, RFID is set to become a cornerstone of efficient, data-driven supply chains.
