RFID Drives Inventory Management Evolution, Business and Industry Trends Analysis

The biggest technology breakthrough in inventory management is RFID (radio frequency identification)—the placement of microchips in product containers, cartons and packaging, combined with the use of special sensors in warehouses, hand-held scanners or store shelves that alert a central inventory management system as to shipment arrivals, product purchases and the need to restock inventory, communicating via wireless means.  From loading docks to cash registers to parking lots, RFID readers have the potential to wirelessly track the movement of each and every item of inventory.  Bar codes will be replaced by Electronic Product Codes (EPC), which are stored in RFID microchips. …

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