This report aims to discuss about the trending technology, RFID (Radio Frequency Identification). The technical or business problems that the technology is intended to solve has been discussed. The limitations of the technology and the effect of the problems related to this technology are discussed in this report. One implementation of this technology in the organisation is stated. An assessment of the prospects of this technology for its success in the marketplace is discussed. Lastly, this paper concludes with an appropriate conclusion for this report.
Radio Frequency Identification is an ADC (Automated Data Collection) technology that transfers data using radio frequency waves between the reader and a portable item for identifying, categorising, and tracking. It uses radio waves for automatically identifying objects or people from distance of some inches to hundreds of feet. (Cho, Jeong & Park, 2015).
The systems of RFID comprises of three constituents arranged in two combinations: an antenna and a transceiver that are combined as a RFID reader. A transmitter/responder (transponder) and an antenna are joined for making a RFID tag. A tag of RFID is read when the transponder is activated due to emission of radio signal from the reader and data is sent back to the transceiver (Coustasse, Tomblin & Slack, 2013).
A RFID system comprises of three basic components:
The two categories of transponders that correlate with the two basic RFID tags are
When the transponder arrives at a read area, the reader apprehends the data and then it can be transmitted over the standard interface to the host computer, controller that is logically programmable, and printer for the storage of information (Ranasinghe et al., 2014).
The problem of tracking the assets of the business are is solved by the use of RFID technology. The technology of RFID is more complicated than the barcoding or GPS that are commonly utilised by the software of asset tracking (Zou et al., 2014). The RFID technology utilises an electromagnetic field for automatically tracking and identifying tags that are attached to the items. The information that is stored in a RFID tag is viewed over a RFID reader using radio waves.
Asset visibility is increased in RFID tracking. The major benefit of asset tracking using RFID is the convenience and necessity of increased inventory visibility and the assets. RFID tags of the company can be read from anywhere that helps in keeping track of the location and quantity of each asset (Barge et al., 2014).
Delay of the delivery of products can be eliminated using RFID tracking. The trouble of lack of visibility of products that are moving in different stages of production and distribution can be eliminated using the technology of RFID. The RFID technology implements the automation of all assets tracking system, which provides an analytics with real-time visibility for the production and it also remove any bottlenecks and the delivery time of the products is accelerated.
Mitigation of theft, risk and loss is achieved using RFID tracking. There is a greater transparency introduced in the business with the help of RFID technology. The RFID technology provides the live tracking of assets in a business that mitigates the risk if loss, counterfeiting, and theft.
The excess labour costs is reduced, which leads to increase in productivity with the implementation of RFID technology in the business. Several assets can be recognised and scanned mechanically with the help of RFID tagging (Perret, 2014).
Some of the basic limitations of RFID technology are:
With the increase in the implementation of RFID technologies in several organisation, Walmart identified the need of implementing this technology in the business of the company. In the early 1970s, Walmart financed for a better distribution system for taking the advantages of the scope and scale of the economies (Frith, 2015). RFID technology uses EPC (Electronic Product Code) that is recorded in microchip, which has the ability to be read remotely, unlike the barcodes that are printed labels and it requires visibility for reading. Walmart enticed the suppliers of the organisation by offering access to POS (Point Of Scale) information in exchange of information of supplier of RFID. The ability of sending information to the suppliers will help Walmart to monitor the movements of the products that are tagged using RFID through the internal supply chain of Walmart to point of sale. The quality of RFIP of supporting the notification providing to the suppliers about the sale and simultaneously preserve the information of the sale and purchase of a product in the inventory of Walmart, and make payment to the vendor on an agreed term make it essential for Walmart to implement RFID in place of barcodes.
Globalisation, internationalisation and informatization of industries have affected the business of Walmart, increasing the needs of implementing changes in the business strategies and introduction of some new technologies like RFID technology and barcodes. RFID is used to monitor the sale and label the products, which enables the ability of storing more data about a product. Walmart is reluctant to implement RFID technology after several thorough experiments that were conducted to identify the major advantages of this technology to create innovative values of business for the retailers (Lui & Lo, 2014).
Walmart invested heavily in the RFID technology to procure the supplies with RFID tags on each case and pallet that are coming to the distribution stores and centres. According to a latest survey, the retail giant will save over $400 million each year with the coded pallets and cases (Suresh et al., 2014). A study proved that Walmart have the potential of saving immense capitals every year by implementing RFID systems with the modified RFID tags on each item in all the stores (Shin & Eksioglu, 2015).
SC or supply chain is the set of some entities that are directly combined in the progress of the flow of services, information, products and finances to a computer from a unique source. The pipeline that comprises of several companies performing gaining of materials and alteration of materials into transitional or completed products, the distribution of completed products to the customers or retailers, and disposal or recycling in landfill is referred as supply chain. Walmart, with the use of RFID in the supply chain achieves a key prospect of reducing the costs and increase the operating efficiencies.
Conclusion
Therefore, it can be concluded that the introduction of radio frequency identification (RFID) in a business offers some key advantages to the business. RFID is a technology that uses radio frequency to transfer data from the reader to a portable item. The system of RFID utilises two key components, which are the transponder and an antenna. RFID technology eliminates the trouble of tracking of products and assets. The RFID technology is more complicated than barcodes r or GPS. Electromagnetic field is uses by a RFID system to track the assets of a business. Walmart implemented the function of RFID to increase the revenue of the business and provide more efficient products to the customers.
References
Ajami, S., & Rajabzadeh, A. (2013). Radio Frequency Identification (RFID) technology and patient safety. Journal of research in medical sciences: the official journal of Isfahan University of Medical Sciences, 18(9), 809.
Barge, P., Gay, P., Merlino, V., & Tortia, C. (2014). Item-level radio-frequency identification for the traceability of food products: application on a dairy product. Journal of Food Engineering, 125, 119-130.
Cho, J. S., Jeong, Y. S., & Park, S. O. (2015). Consideration on the brute-force attack cost and retrieval cost: A hash-based radio-frequency identification (RFID) tag mutual authentication protocol. Computers & Mathematics with Applications, 69(1), 58-65.
Coustasse, A., Tomblin, S., & Slack, C. (2013). Impact of radio-frequency identification (RFID) technologies on the hospital supply chain: a literature review. Perspectives in Health Information Management, 10(Fall).
Frith, J. (2015). Communicating behind the scenes: A primer on radio frequency identification (RFID). Mobile Media & Communication, 3(1), 91-105.
Lui, A., & Lo, C. K. Y. (2014). Measuring the impact of radio frequency identification (RFID) technologies in improving the efficiency of the textile supply chain. In Fashion Supply Chain Management Using Radio Frequency Identification (RFID) Technologies (pp. 187-202).
Perret, E. (2014). Radio Frequency Identification and Sensors: From RFID to Chipless RFID. John Wiley & Sons.
Ranasinghe, D. C., Torres, R. S., Hill, K., & Visvanathan, R. (2014). Low cost and batteryless sensor-enabled radio frequency identification tag based approaches to identify patient bed entry and exit posture transitions. Gait & Posture, 39(1), 118-123.
Shin, S., & Eksioglu, B. (2015). An empirical study of RFID productivity in the US retail supply chain. International Journal of Production Economics, 163, 89-96.
Suresh, P., Daniel, J. V., Parthasarathy, V., & Aswathy, R. H. (2014, November). A state of the art review on the Internet of Things (IoT) history, technology and fields of deployment. In Science Engineering and Management Research (ICSEMR), 2014 International Conference on (pp. 1-8). IEEE.
Zhang, Y., Huang, G. Q., Sun, S., & Yang, T. (2014). Multi-agent based real-time production scheduling method for radio frequency identification enabled ubiquitous shopfloor environment. Computers & Industrial Engineering, 76, 89-97.
Zou, Z., Chen, Q., Uysal, I., & Zheng, L. (2014). Radio frequency identification enabled wireless sensing for intelligent food logistics. Phil. Trans. R. Soc. A, 372(2017), 20130313.
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