RFID Assisted Supply Chain Management System
Download as PPTX, PDF5 likes5,945 views
RFID technology can improve supply chain management in several ways: it allows for better inventory control through automated tracking of goods, which can reduce product shrinkage from theft and help minimize out-of-stock items. It also reduces costs through automated data capture and reductions in labor, claims, deductions, and logistics expenses. However, implementing RFID presents challenges including changing business processes, costs of the technology, and ensuring reliable tag readability.
RFID Assisted Supply Chain Management System
- 1. RFID assist Supply Chain Management SystemName: Wu Sir, LowCourse: Business Logistics
- 2. OutlineRadio Frequency identification (RFID) and Supply Chain Management (SCM)Benefits of RFIDbetter inventory controlminimise product shrinkagereduce costChallenges of RFID Conclusion
- 3. RFID and SCMTransmit data and remotely storingMicrochip stores data, antenna transmit information Reader interact with middlewareMiddleware throughout manufacturer, retailer
- 4. Benefits of RFID application for SCM: Better Inventory ControlProcess automation in shelving, cross-docking, and pickingUpdate inventory quantitiesTrack inventory visibilityReduce out of stock Reduce holding of obsolete inventoryLower safety stocks
- 5. Benefits of RFID application for SCM: Better Inventory Control
- 6. Benefits of RFID application for SCM: Product ShrinkageConstantly issue, especially for the high volume productsAble to control the movement of goodsImprove securityPrevent theft
- 7. Benefits of RFID application for SCM: Cost ReductionPotential return on investment (ROI)RFID automated data captureCut down labour operating costReduce claims and deductions cost from customersOut-of-stocks costLogistics cost
- 8. Benefits of RFID application for SCM: Cost ReductionFor exampleWal-MartInvested $3 billion in the system. Save approximately $8.35 billion annually
- 9. ChallengesChange business processesCostTag readability and reliability
- 10. ConclusionRFID technology assists SCM in a wide range of organisations
- 11. Accomplish greater visibility and efficiencyCollaborative environmentChallenges constrainRFID is more than a technology, potential return on investmentRFID enhancement in the future assists demand and supply
- 12. Thank you! Any Questions?