Small Business Term: What Is RFID?

by Sean Ross

0 min read

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.

References & Resources

Related Articles

Effective Business Goal Setting

Effective goal setting can mean the difference between success and failure. Creating…

Read more

What Is a Term Sheet?

A term sheet is a written agreement that an investor and entrepreneur…

Read more

Classifying Assets on Balance Sheet

A balance sheet is a standardized financial statement that typically looks similar…

Read more