Abstract: An inventory management and tracking system for tracking items with RFID tags, which includes a business logic rules engine having a plurality of rules which dictate how information is assembled and presented, provides specific dataset definitions which govern import and export of data to disparate systems, and provides an interface to planning applications as well as high end inventory, management and accounting systems. The system also includes a data storage module coupled to said business logic rules engine, a capture module operative to capture information from said RFID tags, a reporting module operative to determine and produce an accurate inventory of said items, and a data transformation interface coupling said business logic rules engine to said data storage, capture and reporting modules.