On the surface RFID technology looks similar to a barcode system. But in fact there is a vast difference between rfid asset tracking and other competing systems. Let us for a moment consider the entire supply chain management system of an organization. It can be divided into two parts. Supply chain pertaining to the production chain within the factory premises and the movement of products outside the organization. Among the different options, rfid asset tracking system provides maximum benefits. Within the factory premises inventory from the raw material stage can be tracked effectively with rfid asset tracking system, while the material goes into the in-process and the finished product stage. Rfid asset tracking would provide instant or real time information during the manufacturing process, which would be used by management for decision making purposes. In comparison, a barcode would necessitate the intervention of human resources and ultimately be unwieldy and impractical. A rfid asset tracking system would therefore provide real time information.But the real advantage of rfid asset tracking system can be seen outside the factory premises. As the product moves from the warehouse to the shopping mall and further to the actual user, rfid asset tracking would continuously track the product. The information regarding its usage, deployment and even the ultimate disposal can be tracked using rfid asset tracking system. Now it is clear how this is different from the barcode. Evidently human intervention beyond the sale of the product is impossible with other systems, whereas rfid asset tracking can keep track of products even beyond the sales process. Due to this inherent advantage, rfid asset tracking systems are increasingly becoming popular. With increased usage it is expected that the price of such systems would reduce considerably and accelerate its usage.