Technology Is Constantly Improving And New And Efficient Systems Essay

In addition, Metro estimated that with the increased accuracy of the cases shipped to the stores it would greatly reduce if not eliminate the need to send product back to the DC or worse, throw it out. Another beneficiary of the RFID tagging at the case level would be restocking at the stores. Due to the lag between products being received in the stock room in the mornings and the sales floor being restocked at night, the chances that the store would be under stocked were great. Using an RFID reader in conjunction with point of sale data, the store personnel would easily track inventory levels and restock more efficiently. The restocking efficiency was estimated to boost gross sales by .05% which would result in an increase in gross profit of €.05 per additional product sold.

One of Walmart’s most recent applications of information technology is the use of radio frequency identification or RFID. These tags can be used for all sorts of applications, but in the retail industry this they are used to track packages or individual products from the factory all the way to the sell. The tag itself emits a small radio signal that a server picks up and uses to identify the tag. These tags are placed on the product or package after assembly at the factory. The RFID servers tells the computers when the product has been shipped out. Warehouses do the same thing to determine then the package is entered and when it leaves for the store. At the store, computers use the tags to make inventory easier for clerks and are usually taken off once the package is sold. In some cases the RFID label is sometimes used to see exactly where the package is in route while shipping, provided they have the proper equipment. Information technology has been instrumental in the success at Walmart throughout its history.

RFID systems are currently being used in manufacturing plants to track parts, stay informed of work in progress, reduce product defects, increase throughput, and manage production of given products. Big name retailers such as Best Buy, Metro, Target, Albertson’s, Hewlett Packard, and Wal-Mart are leading the way in implementing RFID systems. These retailers recognize the need to improve inventory efficiency, ensure products are available to customers as needed, decrease theft, and cut down on costs associated with tracking and processing inventory.

However, it is important to mention about an active RFID technology in order to understand why it is not suitable for the case of the production in-house logistics. Active system provides constant visibility of inventory, they are placed in the zones wherever inventory needs to

Airbus focused on IT to manage its supply chain and improve the overall efficiency. RFID implementation played a key role in improving efficiency and visibility in its supply chain. RFID was implemented in the tool loan business where it used to lend tools to its customers that were required for the maintenance of the aircraft. The whole intention to implement RFID in the tool loan department was to improve efficiency by making tools available quickly to its customers and for proper traceability.

The RFID is considered a significant improvement over the conventional barcode, which needs to be read by scanners in "line-of-sight" fashion and can be stripped away if the paper product labels get ripped or damaged. RFID can also facilitate inter-organizational E-commerce initiatives such as continuous replenishment or vendor-managed inventories (Smaros and Holmstrom, 2000).

RFID data is visible and trackable across the supply chain and reduces scanning error, stockouts and the labour required to move inventory (Shin & Eksioglu 2014, p. 633). Importantly, as Concept2creation (n.d.) shows picking and scanning cartons from the cages is labour intensive and requiring audits. Alternatively, RFID transmitters on pallets and cages, can automatically be scanned upon receipt. Cartons without RFID can be placed in totes to be tracked internally (Michel 2014,

Today, RFID is used in retail, manufacturing, healthcare, agriculture, travel, entertainment, etc. RFID increases efficiency of operations, decreases reliance on manual process, improves asset visibility and traceability, reduces operation costs, and provides useful data for business analytics. There are many different reasons why companies and firms are beginning to make the switch to RFID, some examples are: automating inventory and asset-tracking in healthcare, manufacturing, retail, and business sectors; identifying the source of products, enabling intelligent recall of defective or dangerous items; prevent use of counterfeit products in the supply chain; improve shopping experience for consumers; provide visibility into the supply chain

Weaknesses involve high cost per unit and high RFID system integration costs, as well as low level of RFID technology understanding in the market. Opportunities for the RFID incorporate potential for replace of the bar code, increasing end-user demand for RFID systems and market potential in various businesses. Finally, treats involve customers concerns of privacy violation. After all, using of RFID system Drugco Discount Pharmacy improves overall efficiency of the company and on the same time customers’

Radio Frequency Identification Devices (RFID) have been used in the retail industry for more than fifty years as an inventory assessment application tracking product sales and distribution data for goods and services. Current trends of RFID for this industry have been favorable for hi-tech state-of-the-art industries, yet in the past years to 2014 device prices have fallen at an estimated average annual 5.3% primarily due to its characteristic as a "throwaway" inventory or control device. This market segment uses tags or labels, which are scanned and ultimately leave the store with the consumer, eventually disposing of the empty carton or used product. Retailer’s using this application method require multiple components and suppliers are

Radio Frequency Identification is the use of radio frequency waves to remotely identify material. It is primarily used in supply chain management but can be used in other areas. Used as a tracking tool, RFID keeps track of material in the transportation pipeline enabling users to have real time tracking information throughout the entire shipping process. Inventory management is another important logistics element that is enhanced with the use of RFID. The goal of an inventory manager is to maintain a 100% inventory and RFID makes the process more efficient. RFID allows the user to perform inventories with ease and accuracy while reducing the number of people needed to perform the inventory. In addition to assisting with inventory RFID

RFID (radio frequency identification) is an new technology that threatens to take the place of bar codes in the supply chain world. The technology uses electromagnetic fields to automatically identify and track tags attached to objects. This innovation can provide many benefits in logistics and may revolutionize the entire industry. But, even though the technology provides many benefits, it also has many drawbacks and may not yet be developed enough to become the industry standard. The technology also may not be beneficial or cost effective for every business and will require a total overhaul of a businesses infrastructure, which can be extremely costly. Furthermore, both bar codes and RFID technology have many pros and cons, also industry may not be ready to implement RFID into their infrastructure.

INTRODUCTION: In June 2003 Wal-Mart first announced its plan to implement RFID technology in its supply chain by January 2005; this caught many of the suppliers unawares. Though the plans envisaged compliance from the top 100 suppliers, around 129 suppliers jumped into the fray, afraid of being left behind in the race. RFID technology was invented in 1969 and patented in 1973; after thirty long years WalMart has demanded its implementation. Expectations are high, unfortunately RFID technology is still in its infant stage.

tesco gains huge flexibility and performance by using rfid technology. similar and new technologies such as rtid (real time identification) can improve even exist benefits and solve problem out like

Some of the disadvantages of the RFID technology are that it is expensive to install. Small and medium scale enterprises find it costly to use it in their firms and offices. In the case of Harley Davidson, getting products from many different suppliers’ would mean that the tags may have to be installed in liquid and metal products. The problem is that the liquid and metal surfaces tend to reflect the radio waves, which makes the tags unreadable. The tags have to be placed in various alignments and angles for taking proper reading. This is a tedious task when the work involves a large organization like Harley Davidson. Another disadvantage of the technology is that interference has been observed if devices such as forklifts and walkie-talkies are in the vicinity of the distribution centers. The presence of mobile phone towers has been found to interfere with RFID radio waves. Wal-Mart, the retail sector giant, has installed billions of RFID tags in their products throughout the world and they have encountered such problems.