Business Technology Management Essay Example | Topics and Well Written Essays - 500 words

Business Technology Management - Essay mannikinOther RFID applications include animals and vehicles tracking, wrist and ankle band to provide security for the infants. Many RFID applications are moreover to be discovered. In the future, RFID will benefit most industries and government agencies (Hunt et.al, 2007)RFID is the most efficient technology in which many industries have benefited from. It is cost effective, and Wal-mart and Department of Defense has incorporated it into their supply chains. The reason why it is utilise variedly is due to motivation from shipping, receiving and stocking efficiency, which is increasing. RFID decrease cost of labor and storage. It overly reduces the product loss that can be offered by pallet level inventory of visibility. RFID is beneficial though a number of issues have hindered its growth. tribulation to organize the RIFD into common standard of technology, lack of hard schedule roll knocked out(p) and economy of scale for RIFD tags has h indered the growth in the industryRFID was perceived very expensive. However, an increase in usage has made it effective in name of cost. RFID have several advantages, which benefit most companies. It can code every individual RIFD uniquely. Adding data is possible. It similarly possesses reading possibilities, which are advanced. The companies should utilization RFID since it can increase distribution and sale productivity. RFID can reduce out of stock, counterfeiting, shrinkage, errors in supply chain. It improves promotional execution and management of inventories. It helps in tracking and managing capital asset and perplex receiving of accounts very efficient. RFID increase visibility and information sharing within the company and among members of supply of supply chain. It also increases access to real time information, which facilitates fast growth in the companies (Botha et.al, 2008)There is a need for companies to use the RFID. It yields very many benefits though compani es might face some disadvantages. Continuous