Ferrite Beads also known as ferrite chokes are passive devices and they are used to constrict high-frequency signals in electronic components. The ferrite becomes resistive over its intended frequency range and uses up the noise energy in the form of heat.
The ferrite bead is connected in series with the power supply rail and is often combined with the capacitors to ground on either side of the bead. This then forms a low-pass filter network, further reducing the high-frequency power supply noise. Use SPICE (Simulation Program with Integrated Circuit Emphasis) or another similar tool to ensure any anti-resonance peaks caused by ferrite or PCB inductive structure does not violate the target impedance limit.