RFID (Radio-Frequency Identification)
Radio-Frequency Identification (RFID) is an automated technology used in the procurement process to track and manage the movement of goods and inventory. RFID systems use radio frequency waves to identify, locate, and process data from tagged objects without relying on line-of-sight scanning or physical handling. This technology helps streamline the supply chain by providing businesses and organizations with real-time visibility into their assets or inventory and reducing manual labor costs associated with the procurement process.
