The following guest blog comes to us from Christina Morrison of Top10ERP.org
Radio-frequency identification (RFID) has become ubiquitous since it rose to prominence in the 1970s. Businesses in every corner of the market—from agriculture to transportation—have rapidly adopted RFID technology to help identify and track goods, collect tolls, take payments and even time runners crossing the finish line at marathons. The versatility of this impressive tech has experts predicting that it will explode into a $40.5 billion market by the year 2025. Since it’s only expected to grow, business owners need to embrace it before they’re left in the dust.
Some Great Uses for RFID in Small Businesses
When you think of RFID, you probably picture complex systems in big company fulfillment centers and warehouses, but the technology is actually more accessible, affordable and easy to integrate than you might expect, even on a relatively small scale. And this is awesome news for the savvy small business entrepreneur because adopting the tech can help you scale your business and grow your profit. Some of the best supply chain related small business RFID applications include:
Why It’s Worth Adopting
We already know that RFID, coupled with the appropriate supply chain software, can revolutionize the way you do many of your day-to-day tasks, but is it revolutionary for the better? There are many measurable benefits to adopting RFID that can help you optimize the supply chain, protect your inventory and boost your business.
Well Worth the Investment When Properly Paired
There’s case study upon case study proving the many tangible benefits of RFID in supply chain and manufacturing, and its ubiquity is well-earned. But it’s important to note that RFID technology can only go so far on its own, and that it needs the appropriate software to bolster it. But, in general, this is great news for those looking to adopt a new RFID system because the software behind it helps you tailor the technology to your specific needs. Spending the time to identify the best solutions for your business will help ensure that you get a big ROI when you go RFID.