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Positive ID

Trouble tracking inventory? Tag it like a wild animal.

By Robert J. McGarvey

Opinions expressed by Entrepreneur contributors are their own.

Expect Radio Frequency Identification (RFID) to revolutionizeyour inventory-management system, says Luke Hughes, director ofresearch for consulting company Accenture.

It works this way: Tiny tags with built-in radio transmittersare put on items you need to keep tabs on. Then, when you want tolocate a specific item or take inventory, simply click abutton-located on a Palm, a cell phone or another device that'sbeen interfaced with the system-and find out exactly how many itemsyou have and where they're located.

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