RFID Initiative and Strategy

RFID Initiative and Strategy

Radio Frequency identification has gone a significant leap beyond the original library systems it was intended to support . By the beginning of the 21st century , firms and profit-oriented entities have been using this notable wireless tracking technology for their businesses regardless of what industry they work on . According to notable resources online , the term Radio Frequency Identification , popularly known as RFID for tech lingo is fundamentally an automated tracking and identification . Some sources describe it as using remote-sensing technology , whereas an RFID user can track its presence

from anywhere in the globe , much like how logistics companies DHL and FedEx track their packages worldwide . This point of remote tracking technology is what made waves across industries dealing with tangible logistics or supply chains , in management parlance . The use of remote technology in RFID is a strategy in itself , spawning helpful tactics for various business processes

Among web resources , the most authoritative source is RFID Journal which covers a broad range of s regarding the various RFID technology uses in e-commerce or electronic business . Of all elements of a business supply chain , RFID has dealt the largest change in supply inventory . RFID Journal states that this was the first significant application of the remote tracking technology , where say , a pharmaceutical company tracks the stock of its medicine brands /types in its warehouse , to asses its actions for distribution or remanufacturing A quality inventory check is dependent on the accuracy of the supply check , and RFID lessens , if not eliminates the occurrence of human counting error , theft and losses

The largest impact can be felt in the core of business activities : the operations . RFID Journal cites the recent case of Lufthansa Airlines repair operations , a major backbone of the quality service they offer It was reported that their repair department traditionally uses the listing of spare parts from manufacturer sourcing , airplane installation , testing and quality control . Upgrading this manual process into remote technology automated the aircraft repair cycle and sped-up the whole process , saving valuable time and paid man hours (RFID Journal , 2008 . The report also stated that the airplane components were fitted with permanent tags , which is the heart component of RFID Tags are the tracking devices themselves , much like those seen in a spy movie . Lufthansa says that these tags will report to an interrogator ' about the lifecycle of a machine part , who manufactured it , who installed it , and if it is due for repair or replacement . Such spare part tracking system eliminates the need for a complex mechanic 's database

On the use of transaction and disbursement of resources , the South Korean T-Money would be a very classy example of this technology . In Seoul , a T-Money functions as a tag which is used to pay for everything in the city . You ride a bus , train , or buy food you pay with a single card which is refillable with virtual money . RFID Journal also cites the case of the most monitored city in the world : London...