Principles of Selection, Implementation and Utilization of RFID in Supply Chain Management

Abstract

The paper deals with RFID (Radio Frequency Identification)implementation and utilization within supply chain managementand also includes the economic feasibility of rollingout RFID. The members of the supply chain networks- suppliers,manufacturers and distributors - will operate independentlyfrom one another and according to their own agendas.This type of unmanaged network, howeve1; results in inefficiencies.The manufacturer might have a goal of maximizing productionin order to minimize unit costs. Clearly, all members ofthe supply chain stand to gain by coordinating their efforts toimprove efficiency and overall supply chain performance. Thisarticle is divided into three parts: Supply chain, Economic feasibilityof rolling out RFID and Processes of Supply chain management.