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Radio Frequency Identification ( Rfid ) Essay

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The term Supply Chain is generally used to describe the all of the possible processes which are involved in the flow of goods starting with the raw material supplier, and ending with the customer. This includes the processes of manufacturing, distribution and transportation to the end user or consumer. Supply chain management not only involves all of the steps mentioned above, but also affects other company activities such as marketing decisions, fulfilling customer demand, and even general corporate strategy or goals. Managing a supply chain has typically been considered to be a complex and intensive process, and many methods have been developed over the years in an effort to deal with supply issues related to the logistics involved in the production and distribution of goods.
Radio Frequency Identification (RFID) has become widely accepted as an instrumental tool in supply chain management. In addition to being a replacement for barcoding technology, RFID provides real time information, making the supply chain considerably more precise and improving the overall efficiency and reliability of the entire chain, including administration and planning activities.
In addition to supply chain management, there are many areas where the implementation of RFID technology can provide significant benefits such as inventory control and tracking, access management, toll collection and payment systems and even the tracking of people or animals. Examples of the latter include RFID tags
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