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RFID Assisted Supply Chain Management System
1. RFID assist Supply Chain Management System Name: Wu Sir, Low Course: Business Logistics
2. Outline Radio Frequency identification (RFID) and Supply Chain Management (SCM) Benefits of RFID better inventory control minimise product shrinkage reduce cost Challenges of RFID Conclusion
3. RFID and SCM Transmit data and remotely storing Microchip stores data, antenna transmit information Reader interact with middleware Middleware throughout manufacturer, retailer
4. Benefits of RFID application for SCM: Better Inventory Control Process automation in shelving, cross-docking, and picking Update inventory quantities Track inventory visibility Reduce out of stock Reduce holding of obsolete inventory Lower safety stocks
6. Benefits of RFID application for SCM: Product Shrinkage Constantly issue, especially for the high volume products Able to control the movement of goods Improve security Prevent theft
7. Benefits of RFID application for SCM: Cost Reduction Potential return on investment (ROI) RFID automated data capture Cut down labour operating cost Reduce claims and deductions cost from customers Out-of-stocks cost Logistics cost
8. Benefits of RFID application for SCM: Cost Reduction For example Wal-Mart Invested $3 billion in the system. Save approximately $8.35 billion annually
11. Accomplish greater visibility and efficiencyCollaborative environment Challenges constrain RFID is more than a technology, potential return on investment RFID enhancement in the future assists demand and supply