RFID Technologies

http://www.marketwatch.com/news/story/10-q-rfi-technologies-inc/story.aspx?guid=%7BDCE83F76-57EE-4F4E-AA7C-EE84C656C5F6%7D&dist=msr_1

The above article provides an update on RFID technology. Radio frequency identification allows for the immediate wireless tracking of anything that contains the RFID chip. This can be applied to products along a supply chain. From production to shipping to receiving, inventory can be quickly accounted for. This will greatly improve efficiencies in production and improve the integrity of inventory data. The cost of RFID technology and its infrastructure is quickly dropping. It is now becoming more economically feasible for companies to integrate RFID.