Radio Frequency Identification Detection (RFID) is a technology that involves a silicon chip and an antenna, which together is called a TAG. The tags emit radio signal to devices that are called readers. One of the things that is important to know about the Electronic Product Code (EPC) is that some people use RFID and EPC interchangeably, but they are different.
Would RFID work to track Products? Well, Bar Codes require a line of sight, so a person(s) with a bar code reader has to get right up on the bar code and scan it. When you are thinking about a supply chain, somebody in the warehouse would have to look at every single case. With RFID, all of the cases on the pallet would be picked up by a single swipe of a reader, even the ones stacked up in the middle that can’t be seen. So it’s much faster and more efficient and accurate.
In the retail sales market you may wonder why that type or kind of speed is important. In a recent interview about RFID usage in commercial sales, it was summoned up as follows “…We want our product to be on the shelf for consumers when they want it. A recent study of retailers showed that the top 2,000 items in stores had a 12 percent out-of-stock rate on Saturday afternoons, the busiest shopping day. I think the industry average for inventory levels is 65 days, which means products sitting around, taking up space for that time, and that costs about $3 billion annually. Often a retail clerk can’t quickly find products in the crowded back room of a store to make sure that the shelves are filled for the consumer, or doesn’t know that a shelf is sitting empty because they haven’t walked by lately. With RFID, the shelf can signal to the back room that it is empty, and the clerk can quickly find the product…” (Sandra Hughes, Technology Review (Cambridge Mass), July-August 2004 v107 i6 p74 (2))
Now let us step to the other side of the Merchant counter as a consumer and realize how RFID can benefit the average person. Have you ever felt impatient when standing behind someone in line at the grocery store who insisted on paying by check? Well, get ready to get agitated at the slowpoke of the future—the techno challenged person using a credit card. Contactless cards, already used in Asia for several transit and payment systems, have been introduced to the United States via pilot programs sponsored by American Express and MasterCard. Thes...
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...rence last week said DOD is preparing a deployment plan that would launch DOD’s version of the new network by fiscal 2008. The plan is augmented by a roughly $28 billion annual IT budget at the agency. But officials acknowledged that they still must convince commanders in the field that the cost of an Ipv6 upgrade-rather than merely expanding current networks would yield a sufficient return in terms of firepower. DOD officials said they are pushing for standard definitions and products that will allow them to build an Ipv6 architecture that pulls together existing networks while handling an expected flood of new data from satellites, Global Hawk unmanned spy planes and other sensors (Military—Guns, butter or digits? Electronic Engineering Times, Dec 13, 2004 P8)
References
Sandra Hughes (2004). Technology Review (Cambridge Mass), July-August 2004 v107, i6 p74 (2)
Professor Warwick Chips In (1999, January). ComputerWorld
Matthew French (2003). Federal computer Week: for DOD Logistics, tags are it! Radio frequency identification tags policy seeks to improve supplies, Nov 3, 2003 V17 i38 p54 (2))
Military—Guns, butter or digits? (2004, December), Electronic Engineering Times, P8
Hewlett-Packard is one of the most innovating companies in today's modern world. They specialize in building and producing computer software, hardware, and networking devices, but their main manufactures in their production lines are personal computers and a vast amount of printers. In addition to manufacturing computer technology, they're also involved in various military contracts that help the United States in their defense systems and infrastructure. As a result, how are these contracts helping our country's military progression and why have we developed a partnership with this private company to build numerous long-term contracts? In this paper, I plan to inform you on the company of Hewlett-Packard and how their help to the military has progressed the United States and their war efforts in fighting around the globe.
Wen, Y., Chao-Hsien, C., and Zang, L. (2010). The use of RFID in healthcare. Benefits and
The use of RFID tags on product shipments has also helped to decrease their costs. While several things have been done to help their value chain, there are still several areas that need updates/changes. Automated check outs seem to be working for Albertson's as well as others in the industry. Investing in this new technology would be a benefit for Albertson. One other area they need to consider updating is how they transmit information & orders to suppliers.
Also the checking out process has been technologically advanced as it was observed that iPhones and iPads are used on the sales floor to see what items are in stock at the location or other locations and to help customers in making a purchase. Using these items help with the communication among staff and customers. After making a purchase, the associate that assisted them will more than likely follow up with a personalized thank you note and invite them back to the store. Customizing the product for the customer also increases the use of technology. The customer chooses what product they want and they ask an associate to engrave their name on it, making it their own personal
At the July Association of the United States Army (AUSA) Conference, LTG Ostrowski, the Army Acquisition Executive Lead, conveyed the Army’s need for future network solutions. It was also shared in the FY16 Presidential Budget that the Army has several budget requests for Communications systems and upgrades totally over $1.2B (Keller, J. , 2015). This is an opportunity for the Comms BU to expand its customer base in the U.S. Army market place. Northrop Grumman was ranked in the Top 5 of Aerospace and Defense Companies in Forbes America’s Best Employers list (2017). They were ranked over larger companies such as Boeing, Lockheed Martin and Raytheon. Their commitment to their employees, diversity, their customer and even the environment drives their culture. Northrop Grumman’s competitive advantage is leveraging the technology already developed and tested for the services (Air Force and Navy). Their experience with the Army is via services work where our people have gained the expertise to be the right people for working with the Missile Defense Agency. After analyzing both the internal and external environment of Northrop, their competitors and the analysis of their financial position, Northrop has developed a sustainable competitive advantage. They have done this through the use of product differentiation. The value they receive, the knowledge they gain and patents they own by acquiring other companies expands their portfolio to offer products and services not comparable to their competitors. Their respective strategic position establishes a value to their customers that is differentiated amongst their competitors, allowing them to offer a higher premium for their products and
...The product will be able to move. Because they can see what is being sold and where people are buying it they have the ability to change forecasts on what they should do. Using the RFID the tracking system will help eliminate errors and ensure quality of the products.
The Walmart is able to keep track of its inventory with the help of a little gadget called, Telson. It scans the bar code which is not just a simple thing but it is almost like an encyclopedia as it tells all the information. The power of information is hidden in a bar code. It is very important as it keeps track of all the sales for example what is being sold, when is it being sold, history, sale prices and trend prices.
Credit to buy goods or services has been around since the early 1900s, when consumers would use credit to buy goods or services and pay for them at a later date. The bill would send the bank containing a description of the items bough, their price, tax, and overall total. The consumer would visit to the bank and pay it before a set date set by the retailer. Today, “7 out of 10” Americans have one or more credit cards. Credit Card companies introduced the ‘chip,’ a magnetic strip in cards to prevent fraud in brick-and-mortar stores, in late 2015. Major credit card companies, such as Visa and MasterCard, pushed the new cards onto their cardholders by mailing out chip cards and letting the cardholder know their regular card
A: Based on our internal research, consumers nowadays are increasingly savvy and price conscious. Most are discerning enough to trade “good-to-have” features for products that offer outstanding value. Take NFC for example, it is a brilliant concept for automating pairing, but is still very sensitive and difficult to use in
As a small grocery chain we are currently struggling to maintain our revenue stream and profitability against the competitive threats of the global warehouse chains (Costco, Wal-Mart, etc). We continue to find ourselves behind the curve in this competitive situation. These larger retailers have been able to use their greater resources and economies of scale to not only beat us on cost but also industry innovation. According to the electronic periodical Baseline, “Several dozen retailers and suppliers, including Unilever, Coca-Cola, Kraft Foods, and Wal-Mart have signed on to the next generation UPC called the Electronic Product Code (EPC)”, (Mullin, 2002). With the implementation of this technology a customer will be able to virtually walk through a store, collect all their groceries, and walk out without ever having to stop for a cashier or checkout procedure. The electronic retail chain Best Buy, which sells electronic devices along with household appliances, implemented this technology in many of its stores and has increased revenue, along with customer satisfaction due to always having proper stock on hand. We believe that this innovation will have a profound effect on our customer base, especially the highly desired, short attention span, and technically astute demographic of the 20-45 year olds. There are many other large retailers looking at this technology for the same reason (increased revenue) and studies show that smaller retailers would be willing to implement this same technology if initial installation costs decreased (2002). Our groc...
Totty, M. (2009, June 2). Business Solutions New Ways to Use RFID. The Wall Street Journal. Retrieved November 14, 2011, from http://online.wsj.com/article/SB10001424052970203771904574175882366028604.html
Digital money is undeniably convenient; anyone who has used a credit or debit card understands this. However, the era of digital money is only beginning; rapid technological advances will continue to make paper money a remnant of the past. Several innovations are already lessening the burden in your wallet. For instance, the seemingly innocuous mobile phone is actually playing an increasing role in facilitating monetary transactions, especially in Asia. Already, in Japan, large companies such as Coca-Cola have sanctioned vending machines that are not only compatible with common cell phones but also allow consumers to earn credits for using them (Kupetz). In this regard, the United States is strikingly behind the times when compared to other countries. Another new technology in the vein of mobile phones is no-contact cards. These innovative cards do not require a cashier to conduct a transaction; one simply holds a specia...
There are many reasons for choosing to go into a store to purchase items needed. For instance, having some assist you in finding what you need, or just answer questions about the product. It is also a way to get out of the couch, away from the television, or off the computer. Another feature is you can see and examine what you are going to purchase, helps in the decision making for most people. You know the minute the salesperson ring you up the product are yours to take home and use right away. It also makes return on items simple, take it back to where you bought and get an exchange or a refund if needed. For the draw backing for in store shopping is you do spending hours looking for the right product or in the lines trying to just purchase it. Or listening to all the people around you and all the additional noises you hear in stores. Not to mention store have set hours on when you can shop and when you can not, this is something which can change with assign on the door.
The use of credit and debit cards today are taking a tour in the sense that electronic cash is becoming more admissible as the world makes a switch towar...
A cashless society will further improve the globalisation that characterise our present time. The computerised systems can be used to decrease the quantity of paper trail therefore substituting paper cash with cashless credits or electronic money transfers. However, in a cashless economy, this will change with certain crimes almost eradicated. It will also be faster to generate electronic payments than cash as Near Field Communications (NFC) chips make their way into more payments cards and mobile handsets as well providing protection not applicable to purchases made using cash. This technology is simple with low power wireless link evolved from radio-frequency identification (RFID) tech that can transfer small amounts of data between two devices identifying us and our bank account to a computer. Another benefit of drawing nearer to a cashless society is that other companies are providing pioneering cash-free solutions to the payment related problems we come across. For example, WisePay, a provider of e-payments services, is deploying technologies that ensure parents no longer have to worry about sending their children to school with cash to pay for meals, excursions and other fees that will eliminate the likelihood of being caught short for cash or children misplacing money. The Government also has valuable explanations why they may deem to turn away from cash. Due the main factor of printing and distributing cash, not to mention ensuring the economy is free from forgeries which are all costly endeavours estimating that the cost to society of using cash is between 0.5 and 1.5% of GDP annually. In addition, there are many technological innovations that propose there is a real enthusiasm for an alternative to cash with the upsurge...