Adoption Of The Supply Chain Management - 1348 Words

Adoption of And its future in the â€Å"Supply Chain Management† of the organisations? An Individual Research Report Submitted By – SRIJAN CHAKRABORTY GMAY14IBWM061 I. Table of Contents Contents Page No. 1) Introduction 2 2) RFID Explained 2 (i) What is RFID’s History? 2 (ii) How RFID changed the way business was done? 2 (iii) What are the issues with RFID? 3 (iv) Will RFID be widespread in future? 6 3) Conclusion 6 4) Bibliography 7 5) Appendices 7 II. Introduction Today every enterprise is working in a dynamic†¦show more content†¦III. RFID explained ï  ¶ What is RFID’s History? The history of RFID can be traced back to the times of World War-II. However, the first practical application of this technology could be found in USA where Mario W. Cardullo received the first patent for an active RFID tag with rewritable memory on 23rd January, 1973. Further in the 1990’s, IBM developed the Ultra-High frequency RFID for Wal-Mart which brought RFID into the commercial sphere. Although Wal-Mart sold the patents to Intermec, Intermec’s RFID were installed in numerous applications. But the technology was expensive. Later, Sarma and Brock changed the way how RFID was perceived in the Supply Chain. They turned it into a networking technology by linking the tag to the internet. It was a revolutionary development. ï  ¶ How RFID changed the way Business was done? I. In Manufacturing Processes RFID has helped in: ïÆ' ¨ Less of manual work and costs ïÆ' ¨ Improved visibility and planning In many industries like that of FMCG, by the use of RFID, products can be counted in seconds. This is because RFID tags can be automatically scanned, that too multiple times. Moreover, RFID can be used to optimise production processes, as it can store more information than the traditional Bar Code system. II. In Warehouse Management RFID has helped in: ïÆ' ¨ Getting accurate information in