There has been significant evidence confirming that Radio Frequency Identification (RFID) standards have a capacity to improve organizational decision making in the workplace. RFID is recognized as one of the most substantial technologies of these contemporary times as it enables real-time assessment of objects or inventories within the supply chain (Papadopoulos, Gunasekaran, Dubey, & Balta, 2017). This kind of technology provides an enhanced option to barcodes. Scanning barcodes need lots of labor, which is expensive and calls for the need for an alternative system such as RFID.
As much as it is more costly to gather information using barcodes, organizations are making a preference for RFID technologies because the barcodes yield inaccurate data in the inventory counts done one or twice yearly. In addition, barcode data may not offer information as to why a product was not sold because of its unpopularity among prospective consumers or if it was just out of the shelves when consumers wanted to acquire it. This failure to determine precisely product sales success is among the serious challenges for organizations today (Papadopoulos et al., 2017). These hurdles are easily eliminated by RFID technology since, different from barcodes, RFID is not inhibited by a requirement of line-of-sight reading. In fact, several RFID tags can be read at the same time.
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RFID offers opportunities in the workplace for organizations to enjoy cost efficiencies and effectiveness as they endeavor to rationalize their physical procedures. According to Papadopoulos and his counterparts (2017), incorporating RFID in an organization’s system to monitor the 7 -10 percent of shipping containers saves the organization from replacing containers that were lost or damaged. Tagging assets of the company with RFID tags in place of barcodes amount to more efficiency so that successful monitoring and accounting can be done.
Suppliers can be provided with RFID tags that are incorporated in shipments so that the organizations can more effectively and more precisely link them with parts, raw materials, or items. Organizations utilize RFID to monitor rental equipment use (Papadopoulos et al., 2017). Organizations can cut costs of testing results in the real world by simply utilizing RFID to do a virtual simulation to understand the impact of inventory-management labor as well as of the supply chain. Going forward organizations will utilize RFID to gather sales data by location and fixture in the workplace.
Reference
Papadopoulos, T., Gunasekaran, A., Dubey, R., & Balta, M. (2017). Big Data and RFID in Supply Chain and Logistics Management: A Review of the Literature and Applications for Data-Driven Research. In Supply Chain Management in the Big Data Era (pp. 108 123). IGI Global.
