Radio Frequency Identification Technology (RFID) is rapidly gaining ground in the supply chain industry. One avenue where it can provide significant advantages is to track, secure and manage items from the time they are raw materials through the entire life of the product. Manufacturers can especially benefit from RFID because the technology can make internal processes more efficient and improve supply chain responsiveness
RFID can provide immediate and tangible benefits throughout the supply chain. Organizations who take the time to understand the technology’s capabilities and limitations can increase their inventory visibility while streamlining their operations.
Business Challenges:
- Human Error Prone Data & limited analytical scope
- Misplacement of Materials
- Overstocking and under stocking of Products
- Increasing Lead time variable
- Lack of Quality Control & Compliance
Solution:
An intelligent, cost-effective supply chain management solution that integrates RFID Technology, Automatic Control Technology and Applications Software.
RFID systems include tags, readers and software to process the data. Tags are usually applied to items. Tags can also be included in more durable enclosures and in ID cards or wristbands.
Features of the solution include the following
- Inventory Control
- Production Tracking
- Shipping & Receiving
- Returns & Recall Management
Strategic Implications:
- Reduced Turnaround Time
- Optimum utilisation of space
- Ensures easy tracking & Stock Security
- Ensures Quality Control
- Reduces Manual Processes through Automation
Optimum utilization & allocation of resources Additional cost benefits to all supply chain members |