Radio Frequency Identification (RFID) is currently experiencing dramatic growth in almost every facet of business. Even during the economic downturn, RFID technology continues to produce profits and expand its scope. According to a recent study issued by Report Linker, technological advancements, along with mergers, acquisitions and increasing government support will continue to benefit the RFID industry as the global RFID market will increase by a compound annual growth rate of nearly 18 percent between now and 2014 - reaching approximately $19.3 Billion.
There are many reasons why RFID technology demand is increasing for warehouse management systems (WMS). One major factor is that this technology has been proven to enhance accuracy and productivity. WMS that implement this technology can efficiently manage and control all aspects of operations within the warehouse and distribution sectors. RFID technology allows for incredibly effective inventory and data collection accuracy, which in turn can expedite shipping, cut expenditures and increase your return on investment.
RFID warehouse management software is affordable and easy to use. The technology is available with many productivity features and core functions for WMS operations, including shipping, receiving and reporting programs that can maximize and streamline the labor force. Researching and finding a trusted third party logistics solution can help your organization get the most out of this technology.