RFID tags in Inventory management
Accurate inventory information is important to the efficiency of every workshop. RFID tags can help to improve inventory management. By tracking products and equipment, RFID help to regulate the inventory of a manufacturing unit, allowing users to better forecast their needs with real-time data on raw material, equipment, or supply demands. Also, by maintaining equipment and tool location inventories, RFID can improve production scheduling or eliminate the need to reorder materials that are thought to be lost.
When RFID is implemented for inventory management, users can effectively reduce costs and waste by applying the technology to increase product visibility and enhance stocking/reordering processes. RFID can locate tagged materials and supplies. Using RFID tags to manage equipment and tool locations allows users to improve production scheduling by identifying which objects are in use or can be allocated to a specific project. Further, the ability to pinpoint the quantity of remaining supplies and their exact locations can improve production line movement, decreasing downtime and shrinkage.