RFID - CHANGING THE FACE OF THE SUPPLY CHAIN MANAGEMENT

RFID - CHANGING THE FACE OF THE SUPPLY CHAIN MANAGEMENT

Abstract:

In today’s retails business the thing which is providing a backbone is nothing but the supply chain management. Supply chain management is nothing but the integration of or the total road map of things which starts from very beginning like from raw material to factory work logistics to the retails. There must be some kind of synchronization in order to cope up with the competition.for this the best and the emerging technological answer is RFID.integration of RFID tags provides Money saving time saving add total watch out business. Manufacturers can especially benefit from RFID because the technology can make internal processes more efficient and improve supply chain responsiveness—for example, early RFID adopters in the consumer goods industry reduced supply chain costs between 3 and 5 percent and grew revenue between 2 and 7 percent because of the added visibility RFID provided, according to a study by AMR Research..

With RFID implementation, it is sure SCM would be completely changed, but it is easier said than done. There are a lot of problems in integration of RFID in SCM. Our paper gives an account of RFID technology, SCM, integration of RFID in SCM, its benefit and the problems faced.

We have give an innovative idea about the integration of RFID in the supply chain management. which will definitely change the face of the supply chain management.

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