Combining rfid & blockchain technology for inventory management

Abstract

Information technology (IT) works in inventory management system as a tool to increase productivity and reduce costs. Those companies or organizations that use IT in inventory management are successful, while other companies’ dose not. The object of this study is to establish the role of IT in the inventory management system, to show the new strategies and implementation technics, that deal with the day-to-day requirement of any organization, and to introduce an easy, secure, and reliable system to making stock management and simplify the use of inventory, and finally, to modernize the Inventory Management System (IMS).