The use of RFID technology in the supply chain is rapidly gaining momentum as businesses seek to improve inventory management, reduce costs, and enhance overall efficiency. Despite the technology being around for several decades, its application in the supply chain is still relatively new. However, as businesses look for ways to enhance their competitiveness, RFID is increasingly being seen as a transformative technology for the supply chain. With RFID, businesses can accurately track and monitor inventory in real-time, providing them with a better understanding of their supply chain. This can help reduce the likelihood of stockouts or overstocking, which can be costly for businesses.
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