Systems and methods for determining a physical location of a first Radio Frequency Identification (“RFID”) tag. The methods involve: analyzing timestamped tag read information acquired during multiple tag reads to determine a first physical location for the first RFID tag read by the mobile reader while moving through a facility; identifying second RFID tags from a plurality of RFID tags read by the mobile reader that are located in proximity to the first RFID tag and that are coupled to objects similar to an object to which the first RFID tag is coupled; selecting an RFID tag from the second RFID tags that has a first location confidence value associated therewith which is greater than second location confidence values associated with other RFID tags of the second RFID tags; and modifying the first physical location based on a second physical location of the RFID tag selected from the second RFID tags.