Prominent organizations and retailers, such as Walmart and the US Department of Defense are taking advantage of radio frequency identification, which promises real time tracking of products from the manufacturing floor to the checkout terminal. Despite the typical risks associated with adopting any early-stage technology, the competitive advantage and bottom-line business benefits of RFID are significant to both retailers and suppliers. It can significantly decrease warehouse, distribution, and inventory costs; increase margins; and enhance customer service.
inventory write downs
decrease warehouse, distribution, and inventory costs; increase margins; and enhance customer service. Several of the most prominent suppliers and retailers are already taking advantage of this new technology; Wal-Mart and the US Department of Defense (DOD) are the most visible. Wal-Mart is demanding its top one hundred suppliers put RFID tags on all pallets, cases, cartons, and high-margin items by January 2005, and according the retailer, those one hundred, plus thirty-seven volunteers, are already in l