1. RFID is a valuable technology for tracking inventory in the supply chain. It
ID: 351050 • Letter: 1
Question
1. RFID is a valuable technology for tracking inventory in the supply chain. It helps to improve efficiency by improving data quality. What are some of the things that RFID technology can help with? 2. Describe the types of data/information that can be stored in a RFID tag? 3. P & G collaborated with Wal-Mart to eliminate the need for Wal-Mart (P&G;'s customer) to send them purchase orders. What is this basic type of inventory management system called that P&G; collaborated with Wal-Mart on? Describe some of its advantages. 4. As this VMI inventory management systems evolved, a more comprehensive model developed. What is the newer model known as and what is it trying to accomplish?Explanation / Answer
1.
RFID technology or Radio Frequency Identification technology is the technology which uses wireless use of electromagnetic field. These electromagnetic field helps in transferring data.
The main purpose of using this technology is to identify and track the objects with the help of tags attached to the objects. RFID tags are small transponders attached to the objects. These tags are incorporated into a product which helps the product identification or tracking using radio waves.
RFID use radio signal to identify the objects. RFID is a technology by which distant reading is possible. It helps in identifying a person, package or items. RFID can provide error-free data transmission. No maintenance is required for RFID.
Supply chain system is a complex process and RFID technology provides lot of benefits when implemented in supply chain system. Supply chain system includes the flow of goods from manufacture to customer. Supply chain management covers marketing decision, demands, strategy etc. Hence to benefit in the long run supply chain implement RFID technology. RFID technology brings automation to the supply chain and also helps in streamlining the process.
Benefits in manufacturing process-
Benefits in warehouse management-
Benefits in shipping-
Benefits in distribution process-
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