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RFID Technology

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Radio Frequency Identification - (RFID) The emergence of Radio Frequency Identification (RFID) has important implications for businesses, consumers, as well as policymakers. Companies are turning to RFID to track products, manage warehouse inventory and to stock retail shelves. Consumers are using RFID tags when they travel on highways, purchase gas and groceries, and protect their pets. RFID also has significant potential as a public safety and anti-counterfeiting tool. As the cost of RFID chips declines, new applications of this exciting technology would emerge. An advantage of RFID over barcodes the area of RFID application in commercial space overlaps with that of barcode hence the comparison between the two.

Advantages of RFID over barcode

Business Benefits of RFID

In addition, RFID tags hold much more data than barcode labels. The tag can be programmed to hold information such as an item’s serial number, color, size, manufacture date and current price, as well as a list of all distribution points the item touched before arriving at a store. Although retail giants like Wal-Mart, Metro, Tesco and CPG majors like Unilever, P&G and Gillette are in the news and currently drive the mass implementation in concentrating on the supply chain, RFID has been successfully implemented in a variety of other areas like automotive manufacturing, pharmaceutical, livestock, government and military operations.