RFID and the Car Rental Industry

Paper Summary:

One of the latest technologies to hit the market is RFID (radio frequency identification) technology. Many companies including Wal-Mart have invested in RFID technology to help reduce inventory and track products, as well as link products to consumers. Only recently have car rental companies started to realize the potential benefits of RFID technology for tracking and inventory. The benefits of RFID technology for the car rental industry are discussed in this paper.

Paper Outline:
Introduction
Analysis of RFID Technology
Conclusions
References

From the Paper:

"By and large most companies are finding that RFID tags are a new and highly beneficial technology that can reduce inventory levels and theft, and result in billions of dollars in savings every year (McCullagh, 2003). Mega Corporation Wal-Mart has started a trend that will likely spread into numerous other industries, including the car rental industry. In fact, smaller industries such as car rental agencies probably stand to benefit the most from these inexpensive tags."

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