RFID in Manufacturing Can Boost Productivity

RFID in Manufacturing Can Boost Productivity The ability of radio frequency identification (RFID) technology to make the tracking and managing of assets more efficient and make inventory more visible offers an ideal solution for companies seeking to improve their manufacturing performance. At the same time, as companies strive to tighten their brand security and protect their products from counterfeiting, RFID is emerging as the optimal solution to safeguard valuable products throughout the supply chain. Frost & Sullivan (http://www.electronics.frost.com/) finds that the European RFID Markets for Automotive, Aerospace and Industrial Manufacturing generated revenues of $23.7 million in 2005 and estimates this will reach $109.3 million in 2012. "The unique features of RFID technology enable the development of a constant stream of innovative applications for manufacturing sectors", says Frost & Sullivan Research Analyst Rengarajan Srinivasan.