Supply Chain Management – Walmart Rfid
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Supply chain management has become one of the key competitive factors among companies. Meanwhile, supply chain management also brings a lot of new technical challenges for companies. The fiercely competitive market requires traders to ensure commitments, on time delivery, and make fast decisions according to the changing customers demand. Radio-frequency identification (RFID) is such a good way to integrate information and solve these difficulties.
Supply chain management is the linkage and coordination of activities involved in buying, making, and moving products. It refers to all the transaction processes from raw materials to customers. Thus, all processes are essential to a successful trade during business cycle.
In supply chain management, production tracking is the most critical technology. Radio-frequency identification (RFID) is the use of RFID tag applied to or incorporated into a product for the purpose of identification and tracking using radio waves. (
Based on my research, the most appropriate example would be Wal-Mart. In June 2003, Wal-Marts then CIO Linda Dillman announced that Wal-Mart would ask its top 100 suppliers to begin tagging pallets and cases starting in January 2005. (
Relate it to my profession, supply chain management; RFID is obviously an efficient way to make asset management and inventory control. Before the usage of RFID, it costs a huge amount of money and labor force to keep track of the inventory every day. Mistakes caused by human error can be found everywhere. However, by using the highly accurate, real-time and unattached monitoring capability to track raw materials, work process, and inventory, labor and land costs are reduced at a huge amount. This saves a lot of money for Wal-Mart. As we know, Wal-Mart got the first place