RFID's Role in the Fast-Paced Supply Chain Management Ecosystem

STOCKHOLM - Sept. 23, 2022 - PRLog -- RFID, also known as Radio Frequency Identification, is a common element in industrial environments to trace & track assets, flow of materials, and products. While the technology has been around for several decades, the recent advancements have brought the cost down and thus, helped it become more widely accepted across various industries.

Benefits of RFID in the Supply Chain

1. Improved Quality & Transparency of Data: Easily accessible data can solve process inefficiencies. To get the highest reliability & availability, one should use distributed data. This is data attached directly to the object that can be automatically modified at process checkpoints. Having an RFID encapsulated tag matching with the production bundle ID means that it can be scanned effectively at any time in the entire supply chain - be it their availability at the mill, warehouse, port, importers' yard, or sea, ensuring complete traceability throughout its lifecycle.
   
   
2. Increased Accuracy & Reduction of Time in Taking Inventories: Counting inventory manually is one of the most tedious jobs in the supply chain, and its importance is unmatched. In this situation, RFID tags can be used to eliminate or reduce the need for scanning by hand. This automatically results in significant and immediate improvement in inventory management & tracking, thereby leading to increased sales.
   
   
3. Reliability in Tracking & Tracking Products: RFID takes away the requirement of a direct line of sight to the object's identifier, and standard barcode labels that run the risk of getting ruined by extreme environmental issues can be replaced with RFID encapsulated tags. Weather or natural conditions such as drastic temperature changes, high humidity, and exposure to paints & chemicals can damage conventional paper barcode labels. Encapsulated RFID tags, on the other hand, are designed to perform reliably & survive, even when kept in challenging environments.
   
   
4. Lesser Changes of Rework & Increased Efficiency: When it comes to closed-loop systems, RFID can be useful, especially where reusable transport mechanisms are concerned. The real-time visibility gives the option of close product & process monitoring for quick action & process improvements. It can ultimately impact the quality with laser point precision, saving a lot of money.

Centersource Technologies is a SAAS-based platform that aims to build a digital supply chain architecture. It automates the most time-consuming processes that global stakeholders face, through its core features - advanced supply chain tools, a B2B marketplace, a market data hub, and trade finance & compliance services. For more information, feel free to contact https://www.centersource.io/contact-us.