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RFID Supply Chain and Stock Management

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10 Basics of Logistics and Supply Chain Management You Should Know by rachel.woodriff. Evaluation of Stock Management Strategies Reliability at Dependent Demand. Abstract In the article there is a suggested methodical approach that allows calculating the safety stock quantity at the dependent demand in view of supply chains reliability requirements; the variants for different inventory management strategies at the dependent demand are examined; results of total costs calculation in view of the reliability are given.

Evaluation of Stock Management Strategies Reliability at Dependent Demand

Keywords supply chains reliability inventory management dependent demand perfect order References Axsäter, S. (2006) Inventory control. 2nd ed,. Ballou, R. (1999) Business logistics Management. The role of RFID in new retail supply chains. 3 min read The onset of new retail trends in China and globally continues to gather pace.

The role of RFID in new retail supply chains

While the sector is driving the development of cutting-edge technologies as e-commerce players look to expand offline, it is also helping with more innovative applications of matured technologies like RFID tags. RFID, or radio-frequency identification, refers to a technology whereby digital data is encoded in RFID tags or smart labels. The data is captured by a reader via radio waves. RFID, which has been around in its current form for the past two decades, didn’t start to make serious inroads into retail initially due to cost concerns, a lack of global standards for adoption, and risk aversion at management level.

But the identification methods and technical characteristics of RFID is making it a better fit for the demands of the new retail sector as the accuracy of data and inventory planning are increasingly important in omnichannel retailing and the improvement of customer experiences. RFID - HOW DOES THAT WORK? Radio-frequency identification (RFID) technology has been around since the 1970s.

RFID - HOW DOES THAT WORK?

The first RFID tags were used to track large items, such as livestock and airline luggage. Now, smaller and more sophisticated versions are used to track consumer products, vehicles, pets and even Alzheimer’s patients worldwide. A sheep with an RFID tag © Steven Walling RFID tags are passive devices that have no power supply of their own. Instead they capture and re-radiate some of the radio energy sent towards them by the tag reader, such as the Oyster card checkers on London transport. Because the tag reader cannot emit too much power, for health and regulatory reasons, and because the tag can only reflect a small amount of this, the range is necessarily short – a metre at best. One of their main selling points within retail is that the microchips can store a unique serial number for every product.

RFID Solutions for Supply Chain Management, Inventory and Asset Tracking – RAMP. RFID technology in manufacturing and supply chain. Radio frequency identification (RFID) is a promising technology which can potentially assist in enhancing the efficiency of manufacturing by reorganising and optimising internal operations, such as purchasing, warehousing, management, and distribution of materials in the production, as well as in external supply chain management.

RFID technology in manufacturing and supply chain

RFID makes it possible to identify individual objects in the production automatically and wirelessly, so it has an increasing potential in various applications which can make manufacturing more efficient and productive. This survey provides an insight to the application of RFID technology in the management of manufacturing and supply chain.

The survey includes a summary on the main purposes of use and on the main application fields of the technology. What is Inventory Management? So, you want to learn more about inventory management.

What is Inventory Management?

Maybe you’re a retailer who wants to have a better handle on your stock. Or perhaps you’re thinking of getting into retail and want to learn how to find, track, and manage your merchandise. If so, you’ve come to the right place. Think of this post as your go-to page for all things stock control. You’ll find tons of info and tips for inventory management, as well as easy access to articles, ebooks, videos, and other relevant resources. Just be warned, though: there’s a TON of information in this piece. With that said, go ahead and dive in or feel free to jump to a section using the menu below. What is inventory management? Inventory management pertains to the things you do track and manage your retail products. Why is inventory management important? Because the retail landscape is super competitive. To accomplish this, you need to be great at sourcing, managing, marketing, and selling your inventory.

So, how do you do all that? RFID Spreads Benefits Throughout the Supply Chain. Much of radio frequency identification (RFID) hype has existed around the possibilities in the retail environment, managing store inventory more effectively, and driving consumer decisions, but RFID also enables accelerated accurate warehouse operations.

RFID Spreads Benefits Throughout the Supply Chain

As costs associated with RFID tags decrease, manufacturers and distributors will face increased pressure from retail customers as well as competitors to adopt this technology. As with many technologies, RFID can generate disproportionate ROI for early movers relative to those that wait. RFID is composed of a tag (on the item) and a reader. The tag is composed of a processor and antenna. Tags can be active and use a battery or passive and use power from the reader. RFID can suffer readability issues due to product density, material, or packing alignment. In the Warehouse.