Radio frequency identification (RFID)

Radio frequency identification (RFID) is revolutionizing the way organizations around the world track the location and movement of goods and assets. RFID technology utilizes inexpensive wireless RFID chips or tags that report their location to nearby scanners. Items with RFID tags can be tracked from a supplier’s factory floor to the retailer’s store shelves.
The technology is already helping major retailers better control their inventory. Soon other organizations are expected to find innovative uses for RFID.