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RFID
Measuring RFID's Impact on Supply Chain Performance
Of the many subsystems, processes, and procedures that enterprises rely on, supply chains are the most essential for continuing profitable operations globally. The scalability of any business is directly proportional to the accuracy, clarity and value of information shared throughout its supply chains (Boeck, Samuel, 2008). The emergent role of Radio Frequency Identification (RFID) in supply chains is proving to be a highly effective enabler of greater accuracy, efficiency and performance (Attaran, 2007). The more compliance and regulations there are in a given industry, the more effective RFID is becoming as an enabling technology of greater traceability, auditability and reporting of quality standards performance (Kumar, Swanson, Tran, 2009). Highly regulated industries that require intensive levels of reporting including healthcare are a case in point (Kumar, Swanson, Tran, 2009). The same benefits of highly regulated manufacturers of auditability and traceability also apply to business models that have an exceptional level of inventory turns and require rapid inventory transactions to drive a higher Return on Sales (ROS) (Vijayaraman, Osyk, 2006).
Best practices in RFID implementations across supply chains are increasingly relying on analytics and the generating of specific Key Performance...
The focus on measuring the total cost of RFID from the perspective of hidden costs and their long-term impact on the Cost of Capital also are being measured by best in class firms today and over the last nine years (Barut, Brown, Freund, May, Reinhart, 2006).
Summary
The three references that are foundational in defining the use of RFID in improving supply chain performance include the following. Each of these references are briefly summarized and an assessment of their value to final study assessed:
Source: Li, S., Godon, D., & Visich, J.K. (2010). An exploratory study of RFID implementation in the supply chain. Management Research Review, 33(10), 1005-1015.
This study was based on a literature review that had the objective of defining what the major barriers are to RFID adoption and what factors need to be considered in ensuring RFID technologies are adopted. The findings found that the lack of business case understanding was by far the most dominant reason for the lack of adoption, followed by a lack of understanding how inventory management, cost reduction and competitive advantage could be attained.
What's missing from this study is first any consistently of how the literature review was completed and…
What's missing from this study is first any consistently of how the literature review was completed and an alarming lack of metrics around overall performance of the cited studies. There is a lack of analytics precision to the results cited, and no real insights gained from the amalgamation of studies. The authors need to bring greater levels of precision to the overall structure and scope of the study and also quantify just what the lost costs are from not implementing RFID. This study raises more questions than it answers.
Source: Balocco, R., Miragliotta, G., Perego, A., & Tumino, A. (2011). RFID adoption in the FMCG supply chain: An interpretative framework. Supply Chain Management, 16(5), 299-315.
The premise of this study is that the massive RFID pilot Walmart undertook in 2003 failed to lead to greater adoption of this technology due to constraints that are common across many other empirical studies. This study is actually a literature review of empirical studies and shows the factors leading to the lack of innovation diffusion from the Walmart 100 supplier initiative has more to do with the lack of common analytics, metrics and
transitioning of the Defense Transportation System towards complementing best practices in supply chain management efficiently and securely is a daunting task. Organizations like DTS that aid the DOD in various processes requires consistent, effective, and continual management of things like inventory and delivery. That is why examining ways to improve the supply chain must be addressed. One way to address this issue is seeing how other companies or similar
Supply chain management in FMCG sector Fast Moving Consumer Goods (FMCG) Managing supply of FMCGs Demand and Supply Distribution Channel Traditional channel of FMCGs distribution National Vs Global Presence Products and Services Supply chain opportunities Usage of Supply Chain Management Business development Business performance Cost reduction Revenue Increase Inventory management Overall Business Performance Competitive advantage Future trends Issues in global supply chain management: FMCG sector Multi-channel Supply Chain Management Individual Tagging The FMCG sector is represented as manufacturers and distributors of packaged products. They are also coupled with mega retail brands
Supply Chain Ann Supply Chain Management Annotated Bibliography Chopra, S., & Meindl, P. (2010). Supply chain management: Strategy, planning and operation (4th ed.).Upper Saddle River, NJ: Prentice Hall The text by Chopra & Meindl (2010) is an excellent starting point for this discussion, primarily because it serves as a rather exhaustive introductory reading on the subject. Providing academic explanation of the basic premise of supply chain management and an extensive investigation of the
" (Mathes, cited in Reese, 2007) In its supply chain risk management efforts, Dow Chemical has found opportunities to cut inventory by $160,000 reduce the cost of transporting a particular material by millions a year, improve response time to identify and resolve in-transit problems by 50%, decrease safety stock inventory by 20%, reduce the company container fleet by 20% and improve delivery time windows by 90% (Reese, 2007). Dow has also responded
Recommendations at the Divisional Level Divisional warehouses, or as they are sometimes called, Distribution Centers (DC) act as the fulfillment centers for stores in their region and also receive and inspect products from suppliers. DCs also manage the critical tasks of breaking down large shipments and allocating specific levels of inventory to each store. From a supply chain integration perspective, this is the most critical link in the entire chain between
Transitioning of the Defense Transportation System Toward Complementing Best Practices in Supply Chain Management Efficiently and Securely Distribution managers need to appreciate that management of defense supply chains is a rapidly-growing global phenomenon, with an overlap existing in management levels; right from the strategic national-level stakeholders to lower sustainment units at the activity levels. Strategic distribution changes have the potential of immensely impacting tactical implications. This paper aims to help