An RFID cabinet system is provided for monitoring items having an RFID tag. System includes cabinet having open interior where items are stored and at least one door providing access to items. Static RFID system is provided for reading and identifying data embedded on RFID tag located on at least some of the items placed within cabinet. Static RFID system is configured to monitor substantially all items located within the interior of cabinet when door is closed. Transaction RFID system is provided for reading one of the RFID tags upon removal or return of the associated item from cabinet. Transaction RFID system is operable when door is open. Computer system is configured to sense opening and closing of door. Computer system is configured to receive input that identifies user, and computer system is configured to periodically record data read from RFID tags by static RFID system and transaction RFID system.