Advanced Technology And Supply Chain Management - 1434 Words

Organization - wide common platform technological applications having lean methodologies of operations are highly appreciated by the firms nowadays. These technological solutions provide better planning of resources and optimizing the processes of the company and profit. The purpose of this research report is to explore one technology that has made a great impact on the supply chain and is increasingly becoming more popular. The Radio Frequency Identification (RFID) as an advanced technology in supply chain management is the technological solution most firms are looking at these days. RFID Technology is a smarter way to track shipments, time deliveries, and keep inventories which in turn makes operations faster and more efficient. Moreover, RFID helps the organization to enhance its overall efficiency. But it does not come without its own pitfalls which delays the adoption of this technology due to cost related and implementation issues. This report aims to identify the attributes of RFID adoption with a focus on importance of RFID in enhancing the supply chain performance, challenges to RFID implementation and its applications in supply chain management. 2 RFID: An advanced Technology and Supply Chain Management Supply Chain Management (SCM) has been explained as the â€Å"management and control of all materials and information in the logistics process from acquisition of raw materials to delivery to the end user†. RFID technology has opened the door to a new eraShow MoreRelatedA New Approach For Scm1719 Words   |  7 Pagesand transportation are not so easy and it’s hard to achieve the profit from your global supply chain. It’s time to make your supply chain flexible and open to all. Let your supply chain to be customer driven, connected, risk managed, complexity managed, new technology/updated technology mixed, work force controlled and cost perspective. 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New learnings in the arena of supply chain management demonstrate the supply chain’s ability to support organizational business strategies. A supply chain in its entirely encompasses a wide range of activities from basic commodities, to selling finished goods to consumers, to recycling products (Harrison van