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 management and also includes the economic feasibility of rolling out RFID. The members of the supply chain networks - suppliers, manufacturers and distributors - will operate independently from one another and according to their own agendas. This type of unmanaged network, however, results in inefficiencies. The manufacturer might have a goal of maximizing production in order to minimize unit costs. Clearly, all members of the supply chain stand to gain by coordinating their efforts to improve efficiency and overall supply chain performance. This article is divided into three parts: Supply chain, Economic feasibility of rolling out RFID and Processes of Supply chain management.