TECHGuru

  Inventory management is the support system for every enterprise. It defines the growth, survival, and success of the business. Poor inventory management can lead to reduced sales which in turn can result in low profitability or even loss to a firm. Major challenges faced by organizations while managing inventory include product misplacement, counterfeit products, and insufficient stock. RFID is the top available technology for efficient management of inventory. RFID technology enables the reading of products in real-time and helps to eliminate all the challenges faced while managing inventory. The products and items are equipped with RFID tags which stores data as well as information about the stock. Each product and item stored in the stock are monitored in real time and data regarding the same is displayed on the control center computer. The real time monitoring happens as a result of the transmitted signal to RFID tags from the RFID reader. Once the RFID tag detects the transm...