Conclusion

In this study, we have examined the effectiveness and efficiency of supply chain management in using RFID. We have also thoroughly examined appropriate business processes affected by RFID technology. Using four major supply chain processes, we highlight economic opportunities and challenges when planning and implementing RFID technology within an existing supply chain framework. RFID technology enables an organization to significantly change its business processes, not only to increase its efficiency which results in lower costs, but also increase its effectiveness, i.e. improving mission performance and makes the implementing organization more resilient and better able to assign accountability, as well as responding to customer requirements to use RFID technology to support supply chains and other applications. As discussed earlier, RFID offers significant strategic value potential for companies in developing an integrated model of supply and demand chain to drive revenues and innovation and to gain competitive advantage. Companies that implement the appropriate business processes to leverage the data collected by RFID and its conversion to information and intelligence will accelerate these benefits. As companies develop their RFID strategies, they must look beyond mere compliance for ways to implement these initiatives into their total supply chain strategy and harness the true business value of the technology, hastening profits.