2016-12-14 00:00:00 Running a Business English Looking for a convenient way to collect, track, and read information? Incorporate RFID into your business practices to increase operational... https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/06/Information-Technician-Explains-To-His-Bosses-How-Radio-Frequency-Identification-Can-Be-Used-To-Recuperate-Lost-Carts.jpg https://quickbooks.intuit.com/ca/resources/business/what-is-rfid/ Small Business Term: What Is RFID?

Small Business Term: What Is RFID?

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RFID, or radio frequency identification, is a technological method of assigning and reading information related to an associated good. While universal product code, or UPC, requires laser scanning to read information, RFID tags utilize radio frequency waves to process the data. For this reason, RFID technology is finding its way into business operations. Instead of scanning each product during the product cycle or sale of the good, the item must simply pass by an RFID receiver. The transmission of data occurs through an embedded antenna, and connection to an output device displays the coded information. For a business, this means simplicity in information tracking during manufacturing, expedited information distribution during shipping, higher product security, and easier point-of-sale operations.

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Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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