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How Does an RFID Asset Tracking System Operate?

Finale Inventory

The reader then interprets this data, allowing businesses to manage and track their assets more efficiently. The Basics of RFID RFID technology relies on three main components: the RFID tags, the RFID readers, and the backend software that processes and stores the collected data. RFID tags consist of a microchip and an antenna.

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9 Key Benefits of Asset Tracking with Finale Inventory | Ecommerce

Finale Inventory

It also helps prevent stockouts, lowers inventory carrying costs, reduces manual data entry errors, and minimizes theft risks. Moreover, asset tracking is key to improving customer satisfaction and loyalty. This accuracy allows for precise inventory planning, reduces the risk of stockouts, and improves order fulfillment rates.