Ask a question from expert
RFID and Real Time Supply Chain Visibility | Dissertation
40 Pages12239 Words189 Views
Added on 2019-10-12
RFID and Real Time Supply Chain Visibility | Dissertation
Added on 2019-10-12
BookmarkShareRelated Documents
Dissertation(To understand the relationship between RFID and Real Time Supply Chain Visibility)Student Name: Student ID: Course Name: Course ID:Faculty Name: University Name:
Abstract[In the end]
Table of ContentsAbstract......................................................................................................................................1Introduction................................................................................................................................3Research Background.............................................................................................................4Research Problem...................................................................................................................5Research Aim.........................................................................................................................6Research Objectives...............................................................................................................6Research Scope......................................................................................................................7Research Questions................................................................................................................8Research Hypotheses.............................................................................................................8Summary................................................................................................................................8Research Methodology...............................................................................................................9References................................................................................................................................11
IntroductionThe focus of this paper is to understand or investigate the relationship between RFID and the real time supply chain visibility. RFID refers to Radio Frequency Identification. Companies around the world are operating in fast changing environment and more stakeholders are engaging with each other on daily basis. The major challenge the companies are facing nowadays is to handle the increased amount of information (Christopher, 2000). The identification of right information and interpretation of them to make appropriate decisions has become challenging. However, if the organizations that are engaged in the supply chain activities gain and use information effectively and efficiently, then it is likely that the quality of the supply chain will improve along with the cost of conducting the supply chain activities.The supply chain visibility has been identified as one of the supply chain aspects that is beingconsidered as the popular method to handle the challenge that is being faced by the organizations. The researchers have stated that the increased information visibility is likely toimprove the supply chain management. The involvement of technology with the supply chainis one of the aspects that can help in improving the supply chain visibility. Technologies are constantly improving and the organizations are adopting these with faster pace than before. It has been identified that now the organizations are willing to adopt the technology in various functions whether it is managing the manufacturing of consumer products, handling the customers on daily basis or managing the employees within the organization. The focus of this research paper will be to understand and analyse Radio Frequency Identification technology that is likely to assist in effectively managing the supply chain by improving the tracking ability. The RFID technology can be utilized in the tracking of product transportation, shipment tracking, and effective management of inventories (Michael & McCathie, 2005). This improved tracking ability directly converts to the efficient
management of the supply chain aspects with the reduced chances of error. Moreover, it has been identified that the RFID technology is likely to enclose or supply comparatively large number of information than the previous techniques of product or shipment tracking. The current paper will assess the RFID technology in relation to the supply chain management. Along with that, the focus would be on understanding the assistance of RFID inimproving the visibility of supply chain. The conduction of research will be based entirely on the secondary research method where various past research papers of the researchers will be picked to reach the research goal.Research BackgroundThe supply chain arena is continuously getting complex and the organizations can witness competition in the supply chain. Few of the researchers have stated that the competition that used to take between two organizations have shifted towards competition between two supplychain network (Christopher, 2000). The change in the orientation can be credited to the development of business environment that witnesses increase in the need of the consumers, decrease in the life cycle of the products, unlimited mushrooming of numerous products fromevery corner of the world, globalization of supply chain activities, and constantly changing everything. Lee (2004) states that the environment has become complex than before and therefore if the companies are willing to stay ahead in the competition while meeting the needs of the consumers, then it is likely that they have to deliver quality goods to the consumer as fast as possible and in lowest cost possible. Along with that, the organizations should be able to supply the products through various channels with the same efficiency so that they can ensure the shortest and cheapest route possible in supplying the products to the consumers. The achievement of these supply chain objectives is important to ensure that the firm stays profitable and sustainable for longer
period. Moreover, to achieve such efficiency, it is important that the firms have good amount of information that can be utilized to make effective decisions. Information within the supply chain can be of various forms and types and availability of all of them is sure way to make informed decisions. The flow of the information within the supply chain network should be form end to end and should be without any hurdle or challenges (McFarlane & Sheffi, 2003). The smoothness of information flow is important along with the availability of the information in the real time with the visibility to the different entities in a supply chain network for good decision making. The individuals engaged in the supply chain activities should be able to clearly visualize the entire supply chain network.Research ProblemThe limited presence of information in the supply chain management is likely to impact the decision making of the organization in relation to supplying the products to the consumers in timely and cost effective manner. Moreover, the organization will not be able to beat the ever increase challenge in the competitive market. Therefore, it has become an important aspect that the effective information should be available to the decision makers. The quality and the quantity of the information decide whether the organization will be successful in the market. The current advancement in the technology has led to the assumption that the visibility in the supply chain can be improved due to the presence increase amount of information regarding product or shipment movement (Francis, 2008). The challenge that is being addressed in this paper is to understand whether the RFID, being a current technology in supply chain tracking mechanism, is appreciable enough to assist in the visibility of supply chain. The RFID technology is used to track movement of supplies by providing information of each product’s delivery from one location to another (Delen et al, 2007).
Moreover, another aspect is to ascertain whether the improved visibility leads to the improvement in the overall performance. The inclusion of technology is not only constrained to the data shared by the RFID technology. There are various transactional data that are generated at each supply chain points such as order negotiation, order fulfilment, shipment, delivery, supplier information, providers, and others. Collectively, the vast amount of information can be used to make improved decisions. The current research paper is oriented towards understanding the same in detail in the further chapters. The next sub-section shows the aim of this research paper followed by the research objectivesand scope. The research questions have been developed that are likely to guide in the conduction of this research. Research AimThe aim of this research paper is to understand the relationship between RFID technology and real time supply chain visibility. Research ObjectivesBased on the research aim above, the research objectives have been developed for this research paper. The research objectives are given below:-The first objective of this research paper is to understand the impact of RFID technology on the supply chain. The focus would also be on briefly understanding the RFID technology as it has been assumed that understanding the RFID technology willgive greater understanding in its impact. -The second objective of this research paper is to understand the aspects of Supply Chain Visibility. There are various facets of Supply Chain Visibility and in this research paper, major ones will be assessed that are directly associated with the research aim.
-The third objective of this research paper is to understand the utility of RFID technology in improving supply chain visibility. It is expected that the understanding of the various aspects of RFID technology and supply chain visibility while fulfilling the previous two research objectives will lead to understand the utility of RFID technology in improving the supply chain visibility. Research ScopeThe research scope refers to the premise within which the entire research will be conducted. The current research paper only considered the aspects that are directly related to the topic under study and the subjects that are vaguely related to the research topic has not been considered for discussion to keep the research paper brief and to the point. The research scope of this research paper has been developed to increase the feasibility for conducting the research. The research scopes are given below:-The first research scope of this research paper is to assess the research papers developed by other researchers or academicians in relation to the various aspects of the research topic. The focus here would be to analyse what has been written and said about the research area which might help in achieving the aims and objectives of this research paper. -The second research scope is to assess the suitable research methodology that will be employed in meeting the research aims and objectives. The availability of methodology is numerous from which suitable one will be picked for this paper.-The third research scope associated with the research paper is to come up with detail understanding of various facets of research topic and then recommend ways that can be adopted in the supply chain management that can aide in improving the visibility and better decision making by the stakeholders.
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
RFID and Real Time Supply Chain Visibility Paperlg...
|12
|2788
|133
Impact of RFID Technology on Mobile B2B e-Commerce: A Case Study in the UK Retail Industrylg...
|33
|9846
|395
Radio-Frequency IDentification Report 2022lg...
|17
|3887
|19
Logistics and Supply Chain Management - Woolworths Case Studylg...
|12
|2644
|100
Importance of Radio Frequency Identification in Supply Chain and Logisticlg...
|14
|3573
|36
Supply Chain Management Systems | Assignmentlg...
|17
|889
|15