Abstract: A system and method for tracking, monitoring and managing a material are provided. The system and method include material having a radio frequency identification tag storing material information including tracking information, usage information and inventory information. A number of radio frequency identification readers are strategically placed throughout a desired environment to track and monitor the movement of the material within the desired environment. Further radio frequency identification readers throughout the desired environment are configured to track the usage of the material and to monitor the material for improper usage. Thus, the readers are able to create a comprehensive material tracking, monitoring and managing system.