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What are the Best Tips for RFID Inventory Management?

Article Details
  • Written By: D. Nelson
  • Edited By: M. C. Hughes
  • Last Modified Date: 26 November 2016
  • Copyright Protected:
    2003-2016
    Conjecture Corporation
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Radio-Frequency Identification (RFID) is a practice in which an electronic tag is attached to an item, allowing a user to track the item with an RFID reader. Radio waves allows a reader to communicate with the electronic tag. This method is used by many retailers and manufacturers who have need to keep track of inventory and assets in order to avoid losses and optimize sales or production. One of the best tips for RFID inventory management is first to find a provider of this technology that is affordable and reliable. It can also be helpful to create a system in which RFID technology can be effective.

Before shopping for an RFID inventory management system it can be helpful to create a budget. This budget should be based on average prices available on the market. For this reason, it might be necessary to do some comparison shopping in order to get a realistic sense of which prices a professional might pay for a system that fits his or her needs.

An RFID inventory management system is designed to cut back on loss and increase efficiency. A system that does not function well because tags or readers tend to malfunction can be counterproductive. Many inventory managers choose to get recommendations from colleagues who have had experience with RFID systems. Others may use client reviews and write-ups in trade publications to ensure that they are purchasing a system with a good reputation.

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To get the most out of an RFID inventory management system, it can be necessary to create a system in which to use it. In most cases, an inventory manager is responsible for applying tags to all items and making sure that their information can be read on computer monitors. Stores and warehouses with larger inventories may have to train teams to use an RFID system. Implementation of the system should be planned ahead of time, allowing workers to become comfortable with the technology.

A primary use of RFID inventory management systems is to make sure popular items do not go out of stock. When popular items are not on shelves, a business can lose profits and gain dissatisfied customers. An inventory management system is most effective when professionals have a system by which to read it. For example, a manager can put a rule in place that states that when count of a particular item reaches single digits, it is time to order more.

Tracking items that are moved from location to location or leased out to client businesses can also be performed by RFID systems. While this technology can provide a user with the location of an item, it cannot tell a user who currently possesses an item. An important tip for RFID management when it comes to leasing or deploying items is to manually record client or user data, since this can increase effectiveness of a system.

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