Justifying RFID Investment to Enable Mobile Service Applications in Manufacturing and Supply Chain

2013 ◽  
pp. 325-348 ◽  
Author(s):  
In Lee
Keyword(s):  
Supply Chain ◽  
Inventory Management ◽  
Radio Frequency Identification ◽  
Business Case ◽  
Mobile Service ◽  
Wide Range ◽  
High Investment ◽  
Potential Benefits ◽  
Frequency Identification ◽  
Investment Justification

Radio Frequency Identification (RFID) technology is rapidly expanding its application area from simple inventory management to advanced location tracking and supply chain management in a wide range of industries. Because of the potential benefits gained and high investment costs incurred by RFID, firms need to carefully assess every RFID opportunity and challenge to ensure that their resources are spent judiciously. Because of the lack of analytical methods for measuring the benefits and costs, this chapter presents a mathematical model for the evaluation of RFID investment in manufacturing and supply chain. This model provides a basis for the authors’ understanding of RFID value creation and ways to build an RFID business case for an RFID investment justification.

Justifying RFID Investment to Enable Mobile Service Applications in Manufacturing and Supply Chain

2012 ◽  
pp. 1790-1813
Author(s):  
In Lee
Keyword(s):  
Supply Chain ◽  
Inventory Management ◽  
Radio Frequency Identification ◽  
Business Case ◽  
Mobile Service ◽  
Wide Range ◽  
High Investment ◽  
Potential Benefits ◽  
Frequency Identification ◽  
Investment Justification

Radio Frequency Identification (RFID) technology is rapidly expanding its application area from simple inventory management to advanced location tracking and supply chain management in a wide range of industries. Because of the potential benefits gained and high investment costs incurred by RFID, firms need to carefully assess every RFID opportunity and challenge to ensure that their resources are spent judiciously. Because of the lack of analytical methods for measuring the benefits and costs, this chapter presents a mathematical model for the evaluation of RFID investment in manufacturing and supply chain. This model provides a basis for the authors’ understanding of RFID value creation and ways to build an RFID business case for an RFID investment justification.

Factors Affecting Willingness of Industries to Adopt Radio Frequency Identification (RFID)

2020 ◽  
pp. 770-790
Author(s):  
Amarpreet S. Kohli ◽  
Cheng Peng
Keyword(s):  
Supply Chain ◽  
Radio Frequency Identification ◽  
Organizational Factors ◽  
Relative Advantage ◽  
Perceived Benefits ◽  
Web Based ◽  
Factors Affecting ◽  
High Investment ◽  
Frequency Identification ◽  
Quality Of Transmission

This research examined the willingness of businesses and industries to adopt RFID. It was postulated that motivation to adopt RFID is influenced by the technological context, organizational factors, and perceived benefits of using RFID. Data was collected from Council of Supply Chain Management Professionals members using a 19-question web-based survey. Relative advantage that firms can achieve and the perceived benefits in improving product quality and information sharing along with better traceability in the supply chain were significant predictors of RFID adoption. Within the technological contexts, the visible obstacles of RFID adoption through quality of transmission and reliability, understanding of overly high investment costs, and importance of the privacy concerns were all significant. The IT readiness of a firm was also a significant predictor of RFID adoption in the organizational factor, however the size of an organization was not at all linked to the RFID adoption decisions. The results point to a number of important conclusions that are informative for various business and industries that might be contemplating to adopt RFID technology in their operations.

Analysis of Financial Returns and Risks of Implementing RFID for Supply Chains

2010 ◽  
pp. 89-124
Author(s):  
Ertunga C. Özelkan ◽  
Agnes Galambosi
Keyword(s):  
Sensitivity Analysis ◽  
Supply Chain ◽  
Radio Frequency ◽  
Supply Chains ◽  
Inventory Management ◽  
Radio Frequency Identification ◽  
Return On Investment ◽  
Financial Risks ◽  
Financial Returns ◽  
Frequency Identification

Radio Frequency Identification (RFID) is believed to change how supply chains operate today. While RFID’s promise for improved inventory visibility and automation in inventory management is making many supply chain players hopeful for increased sales and reduced operating costs, these benefits do come at a cost and involve risks. This paper presents a financial returns analysis that captures RFID’s costs and benefits, and quantifies the financial risks of implementing RFID for various business sizes and products with different unit profits to understand when RFID makes business sense. More precisely, the returns analysis is performed using an econometric model to understand how break-even sales volumes, unit profits, tag prices, return on investment, and risks vary between a manufacturer and a retailer in a supply chain. The results are extended to multi-product cases as well. A sensitivity analysis is also performed to understand the returns in pessimistic and optimistic scenarios.

When Does RFID Make Business Sense for Managing Supply Chains?

2010 ◽  
pp. 1250-1283
Author(s):  
Ertunga C. Özelkan ◽  
Agnes Galambosi
Keyword(s):  
Sensitivity Analysis ◽  
Supply Chain ◽  
Radio Frequency ◽  
Supply Chains ◽  
Inventory Management ◽  
Radio Frequency Identification ◽  
Return On Investment ◽  
Operating Costs ◽  
Financial Risks ◽  
Frequency Identification

Radio frequency identification (RFID) is believed to change how supply chains operate today. While RFID’s promise for improved inventory visibility and automation in inventory management is making many supply chain players hopeful for increased sales and reduced operating costs, these benefits do come at a cost and involve risks. This article presents financial returns analysis that captures RFID’s costs and benefits, and quantifies the financial risks of implementing RFID for various business sizes and products with different unit profits to understand when RFID makes business sense. More precisely, the returns analysis is performed using an econometric model to understand how break-even sales volumes, unit profits, tag prices, return on investment, and risks vary between a manufacturer and a retailer in a supply chain. The results are extended to multiproduct cases as well. A sensitivity analysis is also performed to understand the returns in pessimistic and optimistic scenarios.

Increasing efficiency in the supply chain for short shelf life goods using RFID tagging

2003 ◽  
Vol 31 (10) ◽  
pp. 529-536 ◽  
Author(s):  
Mikko Kärkkäinen
Keyword(s):  
Supply Chain ◽  
Shelf Life ◽  
Large Volume ◽  
Radio Frequency Identification ◽  
Data Capture ◽  
Rfid Technology ◽  
Chain Management ◽  
Potential Benefits ◽  
Frequency Identification ◽  
Potential Impact

Short shelf‐life grocery goods present some of the biggest challenges for supply chain management due to a high number of product variants, strict traceability requirements, short shelf‐life of the products, the need for temperature control in the supply chain, and the large volume of goods handled. A Radio Frequency Identification (RFID) based data capture system can help solve the problems associated with the logistics of short shelf life products. This article discusses the potential of utilising RFID technology for increasing efficiency in the supply chain of short shelf life products. The focus of this article is a RFID trial conducted at Sainsbury’s, which is discussed to study the potential benefits of RFID for short shelf‐life products retailers. Further this article analyses the potential impact of RFID for other supply chain participants. We conclude that when applied with recyclable transport containers, RFID investments can provide quick amortisation of capital whilst offering a range of operational benefits.

RFID Technology in Business and Valuation Methods

2015 ◽  
pp. 260-278
Author(s):  
In Lee
Keyword(s):  
Radio Frequency Identification ◽  
Evaluation Model ◽  
Rfid Technology ◽  
Valuation Methods ◽  
Wide Range ◽  
Potential Benefits ◽  
Frequency Identification ◽  
Retail Organizations ◽  
Benefits And Costs ◽  
Rfid Applications

Radio Frequency Identification (RFID) became one of the major disruptive innovations that have attracted the attention of researchers and practitioners around the world. Recognizing the business value of RFID, firms are rapidly adopting RFID technology in a wide range of industries including hospitals, logistics, manufacturing, and retailing. Since the adoption of RFID largely depends on the perceived potential benefits and the investment costs, firms need to carefully assess every intangible and tangible benefits and costs to make sure the adoption is financially, operationally, and strategically justifiable. This chapter provides a literature review on RFID applications in business and valuation methods for RFID and presents an analytical evaluation model for RFID investment for manufacturing and retail organizations. Finally, this chapter concludes with the implications of the chapter for academics and practitioners.

FlexRFID Middleware in the Supply Chain

2012 ◽  
pp. 163-177 ◽  
Author(s):  
Mehdia Ajana. El Khaddar ◽  
Hamid Harroud ◽  
Mohammed Boulmalf ◽  
Mohammed El Koutbi
Keyword(s):  
Supply Chain ◽  
Inventory Management ◽  
Radio Frequency Identification ◽  
Human Error ◽  
Labor Cost ◽  
Customer Relationship ◽  
Rfid Technology ◽  
Supply Chain Networks ◽  
Frequency Identification ◽  
Key Issues

Radio Frequency Identification (RFID) has been used since the Second World War to identify “friend or foe” aircrafts. It has become an enabling wireless technology that is widely used in a number of application areas, such as product tracking through manufacturing and assembly, inventory control, and supply chain management (SCM). By 2006, Wal-Mart used RFID for all of its suppliers. The use of RFID in supply chain networks has allowed Wal-Mart to create value through greater visibility in its networks, higher product velocity, reduce human error and labor cost, and more efficient inventory management, which led to the achievement of Quick Response (QR) and improved Customer Relationship Management (CRM) in the supply chain. However, RFID system challenges and uncertain Return-On-Investment (ROI) must be overcome to fully achieve these objectives. This paper introduces RFID technology and its key components and concepts, and presents an RFID middleware solution called FlexRFID that achieves the maximum benefits of RFID technology independently of the interested backend applications. This paper illustrates how RFID technology is used to solve the main problems in SCM, the advantages and key issues when implementing RFID in SCM networks, and the relationship between RFID and the main SCM processes.

scholarly journals RFID – Making It So…With Some Help From the University of Florida

EDIS ◽  
2019 ◽  
Vol 2005 (13) ◽  
Author(s):  
Bruce A. Welt ◽  
Jean-Pierre Emond
Keyword(s):  
Supply Chain ◽  
Inventory Management ◽  
Radio Frequency Identification ◽  
Computer Control ◽  
Management Systems ◽  
Biological Engineering ◽  
University Of Florida ◽  
Frequency Identification ◽  
Passive Rfid ◽  
The University

Recent advances in passive radio frequency identification (RFID) technologies have inspired a revolution in thinking about supply chain and inventory management. Briefly, modern passive RFID involves “smart” labels, readers and associated transmitting and receiving antennas, and back-end computer control and database management systems. Figure 1 gives examples of typical RFID components. This document is Circular 1465, one of a series from the Department of Agricultural & Biological Engineering, UF/IFAS Extension. First published: March 2005.

scholarly journals An Efficient Approach to Processing Massive RFID Data in Supply Chain

2015 ◽  
Vol 773-774 ◽  
pp. 823-827
Author(s):  
Hairulnizam Mahdin ◽  
Mohd Farhan Md Fudzee ◽  
Azizul Azhar Ramli ◽  
Mohamad Aizi Salamat ◽  
Shahreen Kasim
Keyword(s):  
Supply Chain ◽  
Data Storage ◽  
Radio Frequency Identification ◽  
Uncertain Data ◽  
Massive Data ◽  
Chain Management ◽  
Simplified Approach ◽  
Wide Range ◽  
Frequency Identification ◽  
Rfid Applications

Radio Frequency Identification (RFID) is widely used to track and trace objects in supply chain management. However, massive uncertain data produced by RFID readers are not suitable for directly use in RFID applications. This is due to repetitive readings which are unnecessary because it contains only the same information. Thus, an approach to remove repetitive readings in supply chain is paramount to minimize massive data storage that could affect query performances. We propose a simplified approach, which is suitable for a wide range of application scenarios. Experimental evaluations show that our approach is effective and efficient in terms of the removing duplicate readings and compressing the massive data significantly.

scholarly journals A Secure Partial RFID Ownership Transfer Protocol with Multi-Owners

Sensors ◽  
2019 ◽  
Vol 20 (1) ◽  
pp. 22 ◽  
Author(s):  
Jia-Ning Luo ◽  
Ming-Hour Yang
Keyword(s):  
Supply Chain ◽  
Radio Frequency Identification ◽  
High Performance ◽  
Chain Management ◽  
Ownership Transfer ◽  
Front End ◽  
Wide Range ◽  
Frequency Identification ◽  
Mobile Rfid ◽  
Transfer Protocol

Mobile radio frequency identification (RFID) has been extensively applied in a wide range of fields. In supply chain management, RFID is used to more efficiently manage the ownership transfer of cargo. The transfer of a group of tags belonging to multiple owners is often required at the front end of a supply chain. This study, therefore, proposes a secure, high-performance threshold multi-owner partial tag ownership transfer protocol that supports a mobile RFID environment and features the capabilities and security required for supporting existing ownership transfer environments (e.g., application for different authorities, designation of the transfer target, and ownership transfer of a group of tags). Moreover, the proposed protocol can resist against most of the known attacks on RFID.

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