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Essay / The role and importance of supply chain management
1. IntroductionThe report highlights in detail the role and importance of Supply Chain Management (SCM) in an organization with respect to Radio Frequency Identification (RFID) and its growing impact in the industry and talks about of evolving SCM trends keeping RFID as the focal point. In recent years, increasing dynamism and competition in the business operating environment have led to many changes in the way companies behave towards their customers. Customers being the central point of revenue; Manufacturers are increasingly interested in customer satisfaction by delivering products and services on time. RFID has moved from a distant solution to a mainstream application that helps speed up the handling of manufactured products and materials. RFID is a tool for identifying and tracking a product using radio waves. It uses a microchip and a printed antenna that can then be packaged in several different forms, such as a label or embedded between layers of cardboard. These labels are then used to identify the manufacturer, product category and RFID allows this identification remotely and unlike previous barcode technology, it does so without requiring line of sight. (Finkelzeller) “Supply chain management integrates the management of supply and demand within and between companies. It encompasses the planning and management of all activities involved in sourcing and procurement, conversion and all logistics management activities. Importantly, this also includes coordination and collaboration with channel partners, who may be suppliers, intermediaries, third-party service providers and customers. (Web: Council for Supply Chain Management Pr......middle of article......same.6. ConclusionThis report has described clearly and in detail the significance, benefits as well as the need and challenges of RFID in the supply chain system Although RFID has greater advantages than barcode, it is an expensive medium and its price can be prohibitive for many companies. On the other hand, RFID is advantageous in different areas of the supply chain and does not require line-of-sight scanning; it contributes to labor reduction, improves product and process visibility and facilitates inventory management. On the other hand, RFID is an expensive solution, lacking credentials or standards, and suffers from some unfavorable deployment issues and suffers from major privacy issues however, with the ultimate goal of seeing implementation. of item-level tracking set to revolutionize SCM practices, RFID is here to stay..