Development of a RFID based inventory management system

Abstract

Radio Frequency Identification (RFID) is a new generation of Auto Identification and Data collection technology which helps to automate business processes and allows identification of large number of tagged objects like assets, using radio waves. RFID based Inventory Management System (IMS) would allow fast transaction flow for the inventory and will prove immediate and long term benefits to inventory in traceability and security. The proposed system is based on Low Frequency Midrange RFID readers supported with antennas at transaction sections, and items containing RFID-transponders which are able to electronically store information that can be read or written even without the physical contact with the help of radio medium. The inventories across the globe started to use RFID to speed up the self check in or out processes, to control the theft and to ease the inventory control. Moreover, RFID could have a positive impact on the inventory control processes of the organization by either streamlining or formalizing them and facilitate the electronic storage of information captured in real-time, relating to the movement of stock and the amount of stock held, providing visibility to members of the organization. This project presents the experiments conducted to set up an RFID based IMS. Therefore, this system can play a vital role in removing the ongoing difficulties & irregularities in the inventory management in Bangladesh.