HOW IT CAN ADD VALUE TO LOGISTIC SECTOR: BAR CODE SYSTEMS AND RFID (RADIO FREQUENCY IDENTIFICATION) IN LOGISTIC SERVICES

Current digital technology can do a lot in terms of improving the visibility of flows of goods andservices in logistic sector. Managing and locating important assets is undoubtedly a keychallenge for almost any business. Business is time interrelated and shortening the time forcertain operations in business is related to the profit or loss of funds. Time spent searching forcritical equipment can lead to expensive delays or down time, missed deadlines and customercommitments, and wasted labor. RFID asset management is now a well-known solution foridentifying and tracking valuable assets. An RFID asset tracking system uses electromagneticfields to transmit data from an RFID tag to a reader. But what is RFID really? RFID is anacronym for “radio frequency identification” and refers to a technology where digital dataencoded in RFID tags or smart labels are captured by a reader via radio waves, and used inthis case for RFID asset tracking and tools and equipment management. Existing technologiesnow and in the future, play and will play an important role in modern distribution sector for themovement of their products or raw materials. In fact, the benefits of specific technologies, suchas identification of the radio - frequency (RFID) and Global Positioning Systems (GPS) arealready in use by leading distribution companies.Existing technologies now and in the future, play and will play an important role in moderndistribution sector for the movement of their products or raw materials. In fact, the benefits ofspecific technologies, such as identification of the radio - frequency (RFID) and GlobalPositioning Systems (GPS) are already in use by leading distribution companies.Technological changes in communications between the devices themselves, goods andvehicles have helped to significantly improve the quality of services, advantages that everybusiness must take this advantage