Edmund Hain, Managing Director, Business Consulting Network International
March 29, 2011
Radio frequency identification (RFID) has expanded to the commercial sector in the past few years, where it is now used to track and plan the flow of goods with greater precision. RFID is especially helpful to accelerate and increase the transparency of logistical processes (determine the location of goods and shipping containers in real time), identify shipping errors early on, minimize identification errors and provide better information throughout the value chain. This yields demand-optimized production, more effective utilization of shipping containers, lower inventories, greater availability of goods (lower out-of-stock rates), permanent inventory control and improved anti-theft protection while lowering personnel and warehousing costs and offering customers a wider array of services. This puts RFID in the class of “enabling technologies,” which rely on concepts such as efficient consumer response (ECR), supply chain management (SCM) and collaborative planning, forecasting and replenishment (CPFR) to bridge the various levels in the economic process.
Read more about:
· Shipments in the marketplace
· Warehouse management
· Smart shelves
· Tags on CDs and DVDs
· Payment – POS services – consumer behavior data
· Seamless tracking and tracing
· Recycling systems
· Theft protection
