A real-time locator system uses RFID technology that provides the objects they are attached to the ability to transmit their current location. System requires some type of RFID tag to be attached to each object that needs to be tracked, and RF transmitters/receivers located throughout the facility to determine the location and send information to computerized tracking system. While it sounds like a great way to eliminate "lost" inventory, the systems are still too costly for most inventory tracking operations and are more likely to be used to track more valuable assets.