The supply and demand of RFID
Tracking technology is poised to revolutionize logistics – and maybe everything else
By Mohsen Attaran
Today’s supply chains must deliver higher levels of performance to satisfy consumer demands, and RFID can revolutionize the way they do it.
In the past few years, many companies have come to understand that RFID technology can do a lot more than track boxes. RFID can improve supply chains dramatically by reducing inventory levels, lead-times, stock-outs and shrinkage rates and by increasing throughput, inventory visibility, inventory record accuracy, order accuracy, customer service, quality and collaboration among supply chain members. It enables the mobility of critical elements – the business activities, people, documents, information and communications needed for a more effective business process design.
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