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Over the next few years, radio frequency identification will be required at more and more organizations. Ready or not, your organization will need to investigate how to best deploy and leverage the technology.
Using encoded smart labels (chip-embedded labels) allows tracking along the supply chain – from the manufacturing floor to warehouses to store shelves – to determine what the product is, when it was made, and where it is going. The information contained in the smart label will improve efficiencies by reducing errors in receiving; keeping product in stock; decreasing misplaced inventory, theft, and counterfeiting; and lowering administrative and labor costs. Ultimately, RFID can ensure products are on the shelves when customers want them, increasing revenue for manufacturers and retailers alike. RFID is poised to transform supply chain operations over the next decade.
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