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How to Use RFID to Optimize Supply Chain Management

Finding new applications for old technologies is a smart way to boost productivity and cut costs at the same time, and that is the case with radio frequency identification (RFID) in the supply chain. Nicholas Moores writes about its use for Globial Business Talks. RFID functions as electronic tags feeding data on physical location of goods to other devices. Although the technology failed to deliver the first time around when it started making waves in 2003, the benefits to RFID have become much real in recent years. The article makes a list of these benefits:

  • The avoidance of stock outs and theft
  • RFID asset tracking
  • Reduction of error and vendor fraud
  • Improved transport pallet and case tracking
  • Inventory management
  • Stock replenishment
  • Removal of the need to have physical labor to manually scan barcodes in the supply chain

Consult the full article for more information on how to make the best use of RFID.

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