Radio Frequency Identification, more commonly known as RFID, is a form of advanced technology that allows for information to be collected, stored, and even transferred. Radio waves are used for the information to be transmitted. In order for the RFID process to be complete, two things have to be in place. First, there has to be a circuit that collects the information. Second, there has to be an antenna that will receive the signals that are being transmitted.
You will often find RFID being used in large warehouses and retailers. With this type of system in place there can efficiently track their inventory. They will be able to identify how much of a particular item is on hand at any given time. They can find out how quickly they are moving and then make sure they order enough. They can also track those items that just arent selling. A decision can be made at that time to reduce the prices to get rid of them and then to not order anymore of them.
With such an efficient inventory system in place a company can save a great deal of money. They dont have to spend money on bulk items that will sit around for a very long time before they sale. They also wont run out of...
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