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This web page rfidandinventorymanagement.blogspot.com states the following, "RFID stands for Radio-Frequency Identification." We saw that the webpage said " It is an automatic identification process which relies on storing and accessing data using RFID tags or labels and RFID transponders." It also said " RFID is similar to bar code technology. But uses radio signals to read data from the tags instead of optically scanning the bar codes. See figure below on how an RFID system works. This helps minimize holding costs. Of most manufacturers and bar codes costing less than a c."