Rfid: Radio Frequency Identification

RFID: Radio Frequency Identification

Abstract:

This Technology has emerged long time back but was not properly commissioned in to functioning at industry or household level due to lack of standardization and high cost of maintenance. RFID is generally used in Supply chain management tagging flow of product, service etc.

This paper describes RFID technology and its application in today’s world.

Source: http://www.scirp.org/journal/PaperInformation.aspx?PaperID=2578

Introduction:

RFID can be defined depending on the automatic behavior by many mechanical devices which act on the impulse of Radiofrequency Electromagnetic fields.

RFID cannot be associated with one technology; it can be used to store Product information, to track information, to manage chain of supply chain management. Information stored in RFID tagged electronic device can be used in various ways. For statistical data reading and interpretation, data stored in RFID tags is the best source. Genuine tracking of information using Electromagnetic impulse can be swiftly used to point one issue out of many.

Source: http://www.centrenational-rfid.com/introduction-to-the-rfid-article-15-gb-ruid-202.html

What is the problem in m industry?

“Bull Whip Effect “is the serious problem faced by Retail Industry. This problem symptomizes the difference of demand and supply forecast in supply chain management. Supplier and seller do not get to have real time data in order to forecast correct number before inserting their product ion the market. A miss managed risk calculation has given huge loss to the producer and negative repo to the seller in combined market.

Market realizes a collaborative effort to integrate supply and chain process. It can minimize the loss occurred in the Supply chain process.