Advantages RFID Tags:
Enables asset location services and status.
Enhances process control and helps in managing asset lifecycle.
Efficiently retrieves the inventory status.
Eliminates redundancy and over purchasing- specifically for products which has complex manufacturing.
Efficiently manages supply chain and tracking items once they have moved out of the company premise- for example a tyre manufacturing company can track all RFID tag enabled tyres unsold in the market on real time basis and put in marketing boosters to make it move.
Product life management including expiry management.