Impact of technolgy on supply chain managment
RFID Technology Supply chain management lies at the core of business-to-business e-commerce. The internet and web-based based technologies have created an unprecedented opportunity for communication, coordination, and collaboration through the entire supply chain. In order to translate these opportunities into business benefit requires a structured approach to planning and execution across the entire supply chain, the essence of supply chain management. The importance of supply chain management will only grow further in the coming years with the anticipated adoption of RFID technologies and the growing pressures for improving the responsiveness, reducing the inventory levels, and lowering total costs in supply chains. ... The infrastructure has the potential to track materials, goods and assets across the value chain. RFID can be used in a wide range of applications such as asset tracking in supply chains, livestock identification, automated vehicle identification systems, security systems, etc. ... Product identification is the basis for item level supply chain management. Item level supply chain management is possible if every product has an identity of its own.