Effectiveness and Efficiency of RFID in Supply Chain Management
Read this article. Sixteen different types of supply chains are presented in Figure 2. Select one type from the High Complex / High Business Impact quadrant, what are some benefits and challenges associated with it?
Conclusion
In this study, we have examined the effectiveness
and efficiency of supply chain management in using RFID. We have also
thoroughly examined appropriate business processes affected by RFID
technology. Using four major supply chain processes, we highlight
economic opportunities and challenges when planning and implementing
RFID technology within an existing supply chain framework. RFID
technology enables an organization to significantly change its business
processes, not only to increase its efficiency which results in lower
costs, but also increase its effectiveness, i.e. improving mission
performance and makes the implementing organization more resilient and
better able to assign accountability, as well as responding to customer
requirements to use RFID technology to support supply chains and other
applications. As discussed earlier, RFID offers significant strategic value potential for companies in developing an integrated model of
supply and demand chain to drive revenues and innovation and to gain
competitive advantage. Companies that implement the appropriate business
processes to leverage the data collected by RFID and its conversion to
information and intelligence will accelerate these benefits. As
companies develop their RFID strategies, they must look beyond mere
compliance for ways to implement these initiatives into their total
supply chain strategy and harness the true business value of the
technology, hastening profits.