Production and Inventory

Radio Frequency Identification is a tag like object applied to or incorporated on a product, animal or person to make it easy to track or identify them in any given situation. It uses radio waves to transmit signals to the receiver in two ways. One is the active way in which the transmitter is fitted with a battery and transmits to the receiver intermittently. The second is the passive way which provokes a response from the receiver when it comes within its range. Both of these methods are used extensively today by organizations to keep track of anything and everything they need to keep an eye upon.

There are multiple reasons why Radio Frequency Identification is such a good investment for companies. A few of these arguments are listed below: Preserving revenue: this is the critical component involved in making Radio Frequency Identification such a hit in the industry. It can help in preserving revenue by minimizing your inventory. It is a bit like a new form of computerized based inventory management which came in existence a few years ago, but this is much smarter and much more efficient.

It will help keep your shelves stocked by minimizing items in the inventory keeping view the lead time for acquiring specific items. Building consumer loyalty: a consumer is only loyal to a store when he can always find what he needs from the store. This is the nub of the Radio Frequency Identification tag. It will make sure that shelves keep stocked and the consumer never has to leave the store without having an item they wanted if the store keeps it, that is. Assure quality in products: one of the key areas where traditional computerized systems are struck dumb is with expiration dates.

There is not enough sophistication in current computerized inventory management systems to keep track of expiration dates. This is why till today companies themselves go to extreme lengths to make their distributors collect expired products from each store manually. This is a huge loss for companies have no other choice as they would lose their customer trust if they make expired products available for selling in store. This is where Radio Frequency Identification comes into play. It has got complete product information embedded into the tag and it constantly keeps updating itself with the receiver.

Hence any expired products will be notified to the inventory manager immediately and he can take prompt action. For any company, existence in the market is top priority. But for existence every company needs constant revenue. Now it is the company’s objective how to get that revenue. The most important factor is to reduce the amount of revenue needed for existence so the rest of the revenue can be reinvested or given off as dividends to stakeholders and gain more reputation in the market. Radio Frequency Identification is helping companies do just that.

Wal-Mart is one of the prime examples who is using this technology at its fullest and encouraging its partners to do the same to gain competitiveness and market share as a result. A recent study showed that Wal-Mart used Radio Frequency Identification to significantly reduce inventory downtime form stock turnover (Hardgrave, 2005). It is expected that retail chains will have the most advantage by using Radio Frequency Identification in their daily inventory management procedures. This is due to the industry’s increasing demand for speed, efficiency and quick response from the supply chain (Chen, 2004).

The current technology is helping the industry in a lot of positive ways. Certainly I think that today in the highly complex world of microchips and Radio Frequency Identification being used so widely, companies can finally have a stab at managing a big chunk of its inventory and production. From the start of this essay, I have been explaining how easy Radio Frequency Identification has made things for managing inventory and production. It is all operated by a computer and needs very little guidance.

This means that it will require minimal man power to operate and is certainly not going to make any mistakes, since it is a computer. So in the world of today where companies are looking everywhere on how to cut down costs without damaging their goodwill in the market and talking about ‘smart solutions’ and all the rest, I think this may well be a very interesting option for them to carry out.


  • Poirier, C. C. , (2003) Using models to improve the supply chain. CRC Press
  • Hardgrave, B. C. , Waller, M. , & Miller, R. (2005). Does  reduce out of stocks? A preliminary analysis. Fayetteville, AR. University of Arkansas, RFID Research Center, Information Technology Research Institute.
  • Chen, Y. -H. (2004). Getting ready for RFID. OR/MS Today, 31(3), 30-35. Koh, C. E. ,
  • Kim H. J. & Kim E. Y. , (2005) The Impact of RFID in Retail Industry: Issues and Critical Success Factors retrieved June 5, 2009, from http://www. reuw. washington. edu/JSCR/2005Articles/JSCRV13_1A5ImpactRFID. pdf
  • SkyeTek (2009, June 5) Inventory Management. Retrieved June 5, 2009 from aspx

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with MyhomeworkGeeks
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Looks great and appreciate the help.
Customer 452675, April 26th, 2021
Thank you for your hard work and help.
Customer 452773, February 13th, 2023
Business and administrative studies
excellent job! got an A, thank you
Customer 452773, May 24th, 2023
Human Resources Management (HRM)
excellent work
Customer 452773, July 3rd, 2023
English 101
great summery in terms of the time given. it lacks a bit of clarity but otherwise perfect.
Customer 452747, June 9th, 2021
Criminal Justice
This has been the greatest help while I am recovering from an illness. Thank your team so much.
Customer 452671, May 2nd, 2021
excellent job
Customer 452773, August 12th, 2023
Business and administrative studies
looks good thank you
Customer 452773, March 3rd, 2023
thank you so much
Customer 452749, June 10th, 2021
Human Resources Management (HRM)
excellent job
Customer 452773, June 25th, 2023
Business and administrative studies
Excellent job
Customer 452773, March 9th, 2023
Leadership Studies
excellent job
Customer 452773, August 3rd, 2023
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Sometimes it is hard to do all the work on your own

Let us help you get a good grade on your paper. Get professional help and free up your time for more important courses. Let us handle your;

  • Dissertations and Thesis
  • Essays
  • All Assignments

  • Research papers
  • Terms Papers
  • Online Classes
Live ChatWhatsApp