What if I tell you there is a way that you can track your inventory and stock from the comfort of your home or office. It seems unbelievable, right? Well, it is very much a possibility, all thanks to RFID.
Technology is so useful that it has transformed the way certain businesses work. Without keeping you waiting, here is everything that you need to know about RFID Tags.
What are RFID Tags?
In order to simply define, RFID Tags are a tracking system that allows you to track and identify items with the use of smart barcodes. RFID stands for Radio Frequency Identification, a technology where data is encoded in the form of digital codes.
They are also known as Smart Tags, as they provide a more efficient and modern way to track inventory and other items. They transmit data from a tag to the reader. It is commonly used for merchandise. A lot of businesses depend on it to track their items and inventory.
How RFID works?
RFID tags have many uses. From businesses to individuals, people use these Smart Tags to track almost anything and everything. They provide accurate location and data, which is a very beneficial way.
It uses radiofrequency to track the location and status of items. Although commonly used for merchandise, it has many other uses as well. It is also used to track personal documents, pets, kids, as well as patients of Alzheimer's.
RFID Tags work by transmitting and receiving data through an antenna and microchip. Later, the user reads the information with the help of an RFID reader. Reader transforms the radio waves into a more understandable and useful format, where users can easily access the stored information.
They have a long reading range, which makes them useful for tracking all sorts of things, even vehicles. They have many uses, and they can save you a lot of time and effort with their implementation in a business.
How can RFID Tags help your business?
Now that you understand what an RFID tag can do, you can imagine how useful it is for any business. It has many wonderful uses. It is truly a very useful piece of technology. But, it is most useful in business, as it can completely transform the way you do your day to day business tasks.
Here is how it can help your business.
- In terms of providing accurate data of store inventory, RFID tags have 99% accuracy. On the other hand, other common methods provide only 60-70%.
- By managing and providing accurate data, also reduces the chances of shrinkages, thus preventing losses.
- Protects and prevents inventory from theft and being lost by providing you with a way to track items.
- Provides information regarding which product is getting out of stock. So that the inventory always remains updated, which eventually increases sales by 5-7%.
These advantages of RFID tags have been benefiting retail stores and businesses for quite some time. If your business can use any of these benefits of RFID tags, then you need to implement them as soon as possible.