Today, RFID is deployed widely in most industries to help manufacturers track raw materials, products, pallets, and any other supply chain components. With the explosion of internet connected sensors, RFID is starting to be viewed as a part of the internet of things (IoT).
The hype surrounding supply chain IoT is very similar to the promised benefits of RFID ten years ago. Advocates focus on object traceability, improved inventory tracking, and POS self-service. In fact, the power of the internet, combined with sensor and cloud technologies, should enable continuous monitoring of all parts of the supply chain.
Source: cio.com