Simulating and Evaluating the Deployment of RFID in Supply Chain Operation
Call: GSRI International Collaboration
Project Duration: 2 Years (2013 -2015)
The objective of effective supply chain management is the coordination of information, materials and financial flows between organizations. RFID is an emerging technology that can further contribute to supply chain optimization. RFID enables accurate real time product location information provision in high volumes and at very low (or even zero) labor costs. RFID technology is believed to initially substitute barcode for product identification. Later on, when the adoption level becomes mature enough, RFID will be used for optimizing many internal and inter-company processes. In this project the aim is to study the impact of RFID technology and real-time data in effective supply chain decision making. More specifically, the consortium plans to simulate supply chain operations and RFID deployment in order to study the effect of RFID across different dimensions, such as forecasting accuracy, inventory management, distribution and traceability processes, dynamic pricing, information sharing and collaboration, innovative consumer services, marketing variables etc. The International collaboration in this project is with MIT.