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Benefits of RFID in Manufacturing and Supply Chain

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How will RFID's capability make production grow and improve inventory and security? Give a few examples of RFID applications in business. Please provide 300 words excluding question and provide references. Thank you.

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Solution Summary

The solution provides an overview of the benefits of RFID technology in manufacturing and supply chain operations of an organization.

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RFID is a technology that is being increasingly used by organizations now a days to improve their manufacturing and operational efficiency. RFID tags are used in production and supply chain operations to identify and monitor the flow of goods, raw materials and components throughout the supply chain of an organization. RFID tags can help in strengthening inventory management and control by preventing overstocking or understocking, preventing theft or misuse of goods and raw materials and obtaining real time movement of goods and raw materials.

The availability of real time ...

Solution provided by:
Sheetal Jain, PGDM
Education
  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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