Why RFID Helps Managers Facilitate In Improving Working Conditions
RFID has a load of benefits that could help a business move to the next level. Different industries have seen the advantages of using RFID.
For example, RFID technology helps managers in charge of warehouses to accelerate the speed of delivery, lower warehouse labour costs, have reduced inventory write-offs, increase durability with RFID tags, alongside many other key business advantages.
Managers have noted the significant improvement in productivity, resulting from RFID usage. And below, we will further emphasise on the managerial applications of RFID across different sectors of the economy.
Better decision making
Decision making is a crucial process in any company or business. Without making the right choice, it can easily result in profit loss due to reasons like purchasing inventory when there’s already excess stock available in the facility. At the same time, making the right decision will help to improve work processes and make the business operations flow better.
Organisations, and in this case, managers, can make better decisions based on the technology applied within the business. For instance, the application of RFID retail helps to keep a better and accurate count of inventory. This helps managers to decide the exact items to purchase, and the ones to leave out. This helps the business to ensure that only inventories on low stock are being bought, not those which already have plenty of goods on hand.
With RFID, real-time insights can be attained to help form decisions. Moreover, by using the accurate data obtained from the tags and readers – information is available to make critical decisions for the company.
Gaining real-time data
Barcodes and manual checking of inventory does not provide real-time data. For one, barcodes is dependent on a line of sight to read, RFID technology do not have this limitation.
In fact, it is possible to track an item that is several kilometres away and still get real-time data about it. Based on these real-time insights, informed decisions can be made quickly to help the business move forward.
Improving efficiency
Companies and businesses using RFID report an increase in their levels of efficiency. This efficiency results from the fact that the need for human labour is reduced significantly.
Initially, most industries, especially the retail sector, needed staff to check items and conduct inventory counts. However, manual checking has led to cases of human error and even theft.
With the introduction of RFID, the balance of human errors went down, as accuracy is increased. The ability to read multiple tags at the same time has equally made the tasks for managers a lot simpler to handle in different industries. Thus, there isn’t a need to employ massive human labour to account for every asset or item. And equally, the time it takes to read data equally goes down thanks to the application of RFID.
By helping managers of a business ease their workload and focus on the core business, it will essentially be helping the overall business operations and its profitability. Hence, the importance of RFID application.