Radio Frequency Identification (RFID) is a type of routine identification system. The function of an RFID system is to allow data to be transferred by a transportable device, called a tag, which is analyzed by an RFID reader and executed as per the needs of an exacting application. The data transmitted by the tag may offer identification or location information, or particulars about the product tagged, such as cost, color, date of purchase, etc. RFID tags are available in different size and shape. Tags like the firm plastic anti-theft tags attached to merchandise in stores are easy to mark out.
In particular, RFID item-level tagging (ILT) is being organized very quickly in the apparel and footwear markets, to the amount that ABI Research is forecasting that more than 3 quarters of a billion RFID tags will be used in fashion industry in 2011. Companies have a chance to redraw supply chains and customer channels as digital globalization redraws production value chains. Enormous global platforms open up new potential for procurement, to find the best deal on. For the largest multinationals, digital tools can coordinate a number of vendors stretching across the globe. Some use control towers that look directly out of NASA mission control; these systems produce information from actuators, sensors, GPS tracking, RFID tags and other sources into lively models that help managers work around blockages.
RFID chips have grown-up in reputation and popularity for business inventory tracking, record management and even passport data control. They also power many cities' transfer payment systems and are used for animal recognition and store theft control. Recently, some hospitals have begun using the technology to keep an eye on medical products and other hospital resources. Besides the requirements from better companies, some small businesses want to use RFID because the technology can help them resolve business queries. RFID makes companies of all extent more competent by helping them track their inventory and gear.
Operationally, RFID can decrease costs linked with labor, moment, and efficiencies such as mechanically recording information about goods established into computer systems. But regularly small companies don't have large inventories to path, so a superior advantage is tumbling capital expenditure.
RFID tags have created a major market security in international markets too for the import and export of goods can be securely done and all the goods can be tracked and RFID tags store all the information about that product.