Unlike simple barcodes, passive RFID labels and tags allow item-specific information to be programmed directly on the tag—SKU, serial number, date and place of manufacture, date of shipment, etc. When individual products are source-tagged or embedded into products at manufacture, this degree of information delivers near real-time item-level visibility and asset protection simultaneously. In essence, you are creating smart products that feed information back into your existing systems.
This integration of hardware and software enables an IoT-based solution that allows retailers to track when shipments leave a vendor, arrive at the store, enter inventory and are placed on the retail floor. The resulting data that is captured will allow you to make business process improvements that will drive:
*Accuracies in the supply chain
*Effective replenishment processes