Bar codes and QR codes can replace RFID tags. If the reader can visually see the bar code, only then it can be read. RFID tags can be used for tracking goods in a warehouse. Lot of modern passports in few countries also contain an RFID chip, for instance, Canada and USA. The machine can read the data from the RFID chip in the passport when scanned by border agent.
Supply chains continue to grow in complexity. Technology is required to track the journey of goods especially over longer distances and more touch points, to enable manufacturers, distributors and retailers have more control over merchandise. RFID and similar technologies have entered to help stakeholders monitor their goods with greater efficiency and cheaper cost.
Supply-chain management and logistics are great for applications of RFID technologies. These functions require technology to process large volumes of goods speedily. RFID brings efficiency at every touch point in the supply chain. Whether it is the manufacturer, logistics provider, retailer or the consumer, RFID technologies enable all participants in this value chain to have the transparency to monitor and control the movement of goods.
Some of the biggest challenges are solved using RFID in supply-chain management and logistics. It helps in the following processes:
Capturing, organizing, keeping, and analyzing large sums of data
Reduction of labor costs and human error
Reducing operational costs
Speeding up the flow of goods
Efficient use of working capital
Diminishing security risks
Adhering to regulatory and compliance standards
RFID systems assist employees to focus on analyzing data, spotting inconsistencies, or taking advantage of opportunities to keep the flow of goods moving from one destination to another.