Auto dealers and floorplan financiers may soon take a page out of retailer Walmarts playbook, implementing radio-frequency identification tags to for inventory tracking.
Radio-frequency identification RFID, for short is a wireless tracking system that uses radio-frequency electromagnetic fields to transfer data from tags attached to objects. Tags contain electronically stored information that can be read from several yards away.
RFID tags are just the first step in evolving technology on the floorplan front.
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