SupplyChain Magazine June 2018 | Page 51

to identify and track products from manufacture throughout their life cycles , even until a product ends up in the refuse or recycling .”
Along the way there could be numerous opportunities to drive further efficiencies and cost savings , as well as improve the customer experience when they interact and buy products . “ Low costs , usability and the scalability of RFID and NFC flexible integrated circuits makes stock management solutions accessible to many businesses . Current RFID and NFC stock management technology is expensive and therefore only feasible for high value products ,” adds Simmonds , who notes instead of just tagging high value products , they can also be tagged with a FlexIC , so its manufacturer knows exactly where it is at any given time .
As an electronics contract manufacturer , EC Electronics works with companies and entrepreneurs
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