Newport Digital Technologies, Inc. (NPDT.OB) and the Great Promise of RFID
QualityStocks (November 6th, 2009) Writes:
Radio Frequency Identification (RFID) technologies are opening up an exciting new world of possibilities for businesses and governments to increase the efficiency of their operations. Introducing innovative new applications and services, RFID allows organizations to securely capture, track and manage their critical assets in real-time. These assets include pallets in a warehouse, goods in a shopping cart, ID tags on students, patients, inmates and even passports, credit cards and other documents.
For the retail industry, RFID not only enables merchants to reduce costs by providing greater visibility of their inventory as it moves across the supply chain into the warehouse and the store, but also provides hands-free identification of the contents in a shopping cart for instant billing and reduced shoplifting.
For the transportation industry, RFID plays a vital role in helping companies reduce the cost of transporting goods by enabling
...fleet management, Healthcare Industry, Investing Lessons, Retail Industry, Small & Micro Cap, Supply Chain


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