generating random string in PHP

Hi here is the code which generate random string.

function rand_string( $length ) {
    $chars = "abcdefghijklmnopqrstuvwxyzABCDEFGHIJKLMNOPQRSTUVWXYZ0123456789";   

    $size = strlen( $chars );
    for( $i = 0; $i < $length; $i++ ) {
        $str .= $chars[ rand( 0, $size - 1 ) ];
    }

    return $str;
}

Give $length as number of character required