IoT-based inventory management system provides constant visibility of the inventory by providing real-time information on every tank asset. This results in a better approach to keeping track of the tank inventories and get the precise location of the raw materials. IoT technology manages the inventories of tanks in real-time with the use of RFID systems that involve tags, antennas, and readers.
IoT technology manages the inventories of tanks in real-time with the use of RFID systems that involve tags, antennas, and readers. The use of industrial IoT and RFID carries the information of the asset in the form of data. The antennas use their capability to supply energy and radio signals from the tags. The role of IoT in inventory management turns the data into meaningful insights for the users, which are later used as sources for better decision-making.
