Wednesday, May 6, 2020

How Rfid Can Revolutionize Supply Chain Management

9/24/2014 SUPPLY CHAIN MANAGEMENT ASSIGNMENT RFID technology is an emerging technology that has the potential to revolutionise supply chain management Anoop Kamboj (GMAY14IT066) S P JAIN SCHOOL OF GLOBAL MANAGEMENT Table of Contents Introduction .................................................................................................................................................. 2 How RFID can revolutionize supply chain management? ............................................................................. 2 Problems related to RFID .............................................................................................................................. 4 Conclusion†¦show more content†¦It provides accurate data regarding the flow of product to both retailer and manufacturer. This further enables the improvement of each stage of supply chain. Another alternative available is bar code but due to certain limitations, RFID is a better bet and hence the popularity has increased. The greatest use of RFID can be found in the area of supply chain management where the whole process can be automated and controlled. RFID can improve the supply chain process to a great extent in spite of the technological and social difficulties faced by the end user. RFID can help the implementation of the innovative processes like the Supply chain event management, corporate planning, forecasting and replenishment. RFID accelerates the processes of Supply Chain but at the same time increase the requirements between suppliers and retailers. How RFID can revolutionize supply chain management? RFID enables the process improvements in each stage of the supply chain and revolutionize the process as a whole. Dissecting the processes involved in the supply chain, the importance and the impact of RFID on roles can be discussed below as: Production Control: In production, each item is given its own RFID tag. This tag contains an EPC (Electronic product code) which contains the relevant product information like batch id, serial no. , expiry date etc.

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