Radio Frequency Identification (RFID) technology
Advantages and disadvantages of RFID technology to the organization
RFID technology has many benefits over traditional technologies as it changes the process becoming automatic. Conventional tracking technologies require manual connections, which include labor intense, very time intense and error vulnerable. With RFID technology, it has notable advantages that can raise the performance of management and inventory.
Efficient Inventory Tracking system: The main benefit to using RFID in the company is to improve inventory monitoring, especially where the technological innovation is not required to read RFID labels. At any given time, inventory can be performed in a highly effective way. RFID uses real-time, high precise technique to monitor raw materials, and work in processing item and finished items. All inventory levels and safety inventory in the company can be monitored within a second. With RFID technology, inventory can be modified immediately without scanning, item movement, or human participation. The completely automated system also allows inventory status to be determined and generate records immediately. Besides, it also signals the retail outlet...
These chips store two numbers one to represent the product ID (same with the information that bar codes used) and one to represent the unique tag ID. While this store has claimed in its brochures that deactivated kiosk located at store exists overwritten and could be read days later and hundreds of kilometers away from the store with an inexpensive RFID reader purchased over the Internet. Furthermore, payback cards
RFID Technology in the Military Radio frequency identification (RFID) Radio frequency identification (RFID) is a term used to refer to an electronic system that transmits in form of serial numbers that are distinct, the identity of a person or an object in a wireless manner with the aid of radio frequencies. The RFID is categorized under the wider automatic identification technologies category (Association of Automatic Identification and Mobility, 2011). The RFID are
In an earlier article, Michael Caton (2004), also mentions the standardization issue. In order for RFID technology to be a viable replacement for the currently used bar code system, standardization is vital. EPCgloble Inc. provides the standards of universal product code information in both bar codes and RFID chips. According to Caton, this company will then also work towards establishing standards for the standardization of RFID use in terms of a
The combination of EPC and RFID taken together are providing the foundation of value chain efficiency and profitable operation across many industries, with retailing being one of the most rapid adopters (Trunick, 2005). Wal-Mart's pilot in 2004 of its top 100 suppliers further legitimized the use of EPC codes in RFID pilots and discovered that mixed-pallet mode shipping was even more cost-effective than large-scale logistics and supplier enablement (Khanna,
It must the compare it with the returns the company is earning without going for the proposal. The new vessels required for the project will increase the transportation time. Great lakes Carriers must consider the increasing international oil prices and its potential implications on the company's costs. Supply Chain Considerations There are a few supply chain issues that are important to be taken into consideration. It is important that Great Lakes
A third real-life example are the pervasive Healthcare Information Systems (HIS) and Patient Information Management Systems (PIMS) that form the backbone of any healthcare facility. These are systems that capture all relevant patient demographic, treatment and health-related data in addition to showing the specific costs of treatment and profits as well (McGurkin, Hart, Millinghausen, 2006). In short, these systems form the basic financial structure of a healthcare systems. There are
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