Final answer:
Nathan's company has switched to an RFID system, which is used to efficiently track inventory and assets through radio-frequency identification. This technology enhances inventory management and supply chain operations by offering real-time data and reducing labor costs.
Step-by-step explanation:
Nathan is pleased with his company's transition to an RFID system. An RFID (Radio-Frequency Identification) system uses electromagnetic fields to automatically identify and track tags attached to objects. The tags contain electronically-stored information. This technology is commonly used in businesses for inventory management, asset tracking, and control of access to buildings. RFID systems are known for their efficiency and accuracy, as they can read multiple tags at once without requiring a direct line of sight.
RFID technology improves inventory management by providing real-time tracking and data capture, which can lead to a reduction in labor costs, improved asset utilization, and enhanced security measures. It's also valuable for companies in streamlining their supply chain operations.