Today, radio-frequency
identification (RFID) technologies are being widely touted as the next major
breakthrough
in inventory management. Despite the rosy projections,
wholesaler-distributors should be wary of the hype given substantial
uncertainty
about technological feasibility, costs, and the willingness of supply chain
partners to embrace this technology.
Companies in many industries are
experimenting with RFID for supply-chain applications. Pallets, cases or even
individual items can be uniquely identified and tracked as they are
manufactured, transported, purchased and used
or consumed. Inventory quantities
and locations can be precisely pinpointed, making it possible for products to
pass
through the entire supply chain ...
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Today, radio-frequency
identification (RFID) technologies are being widely touted as the next major
breakthrough
in inventory management. Despite the rosy projections,
wholesaler-distributors should be wary of the hype given substantial
uncertainty
about technological feasibility, costs, and the willingness of supply chain
partners to embrace this technology.
Companies in many industries are
experimenting with RFID for supply-chain applications. Pallets, cases or even
individual items can be uniquely identified and tracked as they are
manufactured, transported, purchased and used
or consumed. Inventory quantities
and locations can be precisely pinpointed, making it possible for products to
pass
through the entire supply chain ...
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