A product managing system and method using RFID technology is provided. The product managing system includes an RFID tag, an RFID reader, and a server. The RFID tag is set on a product for providing a tag ID, an object type and attribute, and an event content. The RFID reader reads the RFID tag. The server obtains various information provided by the RFID tag set on the product from the RFID reader, determines the product ID according to the tag ID, determines a class of the product and whether the product is correctly combined with another product according to the object type and attribute, and determines whether a processing procedure of the product is correctly conducted according to the event content. The server finally determines whether the product is normal according to the aforementioned determinations.