How Radio Frequency Identification (RFID) can Revolutionize the Supply Chain Management

Abstract

Radio Frequency Identification (RFID) has emerged as one of the most revolutionary tools in supply chain and logistics. The technology is capable of helping organizations cut down on their expenses and hence become more competitive in the market. RFID uses radio frequency electromagnetic fields for data transfer. According to Sindi and Roe [1], it can be used in a number of ways to monitor the activities of a company in real time. The technology is highly valued due to its quality and adaptability in Supply Chain Management (SCM). RFID technology tracks assets such as the individual boxes, Individual items and even a bigger unit of measure in a supply chain operation. This paper focuses on the value of RFID in warehouses and ways through which it can be used together with blockchain technology to improve supply chain management and logistics. Please refer to the blockchain article [2,3], that outlines the emerging benefits of implementing blockchain.