Perks of RFID For Warehouse & Inventory Management

Inventory management is a tedious task and crucial to a company’s bottom line. Though, the most ideal way of managing the inventory in a warehouse is to understand the flow and keep track of the inventory.

Thanks to RFID (Radio Frequency Identification) technology, as it is changing the way of tracking inventory by making the process speedy. It is one of the most competent ways to track items and transfer the data.

This technology has come into action with an aim to reduce human power and streamline the warehouse operation more effectively. To the fact, in the current scenario, RFID has become one of the most important tools in the supply chain manager.

To make your thoughts more clear on RFID technology, in this write-up we will peep into the advantages of RFID inventory management.

But, before getting into the advantages — Let’s first understand the RFID technology.

Glimpse on RFID Technology

RFID is a technology that works on the radio waves. Here, the individual RFID tags will get in the contact with your reader device, and later the same data is shared to the software. The reader here means a device which contains one or more antennas that will emit the radio waves and get the signal back from RFID tags.

The working of RFID goes like it will identify the nearby objects, collect the data for the same, and later transfer the data into your system with no and lesser human interaction. RFID tags have an integrated circuit and an antenna that are used to transfer the data to the reader device.

That’s all on the working of an RFID technology. Now let’s move towards the benefits of RFID technology.

Merits of RFID for Warehouse

There are oodles of advantages that come along RFID for warehouse and inventory management. Let’s get into it!

Warehouse Efficiency

In comparison to any predecessor, RFID technology needs less monitoring. All you need to do here is install the number of tags you need in your inventory, and start gathering the data. With this methodology, you can reduce the time required for collecting the data.

Adding more to it, RFID not only reduces the processing time but also lessens the hours and efforts given by the human effort. All in all, you can get the double work for your warehouse management.

Reducing Human Errors

Automatic entry of the data and collation with RFID tags eliminates the need of an input operator, and ultimately reduces the risk for any human error in the data inputs.

A minor change in the data really affects the complete warehouse inventory management. Thus, it is one of major benefits of RFID technology for warehouse & inventory management.

Real-Time, Data Driven Insight

For any industry, tracking the real time data of their inventory is an enticing prospect. Specially for the one that requires to take the instant decision for the data.

For instance, by using a databank from real-time data insight warehouse operators can directly know about the retail stock which is running high or low. And, can accordingly take the action for the same and manage the complete supply chain easily.

Know About the Check-in & Check-out Time of Inventory

You can place the RFID readers at the entrances and exit of your warehouse. This will let you get the real time tracking whenever your inventory moves in or out. Immediately know about the shipment when it enters or leaves your facility.

RFID Tag Holds More Data

When compared with barcodes, RFID has the ability to handle more data. Barcodes are basically tied up with databases wherein the information of the item is stored. On the other hand, RFID tag holds a large amount of data in the tag itself which makes them work faster. These small tags can hold more information of different types.

Moreover, the data present in the tag can be read without the need for any connection with the database.

SEE ALSO: Top 8 Cloud Technology Benefits For Healthcare Industry

The Concluding Point

While concluding this writeup, we would say that RFID inventory management is cost-effective as well as a time saver. It is one of the most innovative ways for managing your inventory.

Though, if you’re considering the RFID inventory management system for your warehouse, then make sure that you get it from a reputed software development company in order to get the most efficient results.

Besides, it will help you to choose the best technology that saves your money and offers you with the best RFID solution for your warehouse.