RFID isn’t a new
invention. In fact, it has been in use since World War II. However,
only since the 1990s has the technology been recognized as one
capable of expediting supply chains and increasing their visibility.
Wal-mart and German retailer Metro, for example, have benefited from
incorporating RFID into their supply chain business.
As the technology matures, standards for its widespread global
use continue to be defined. HP has been investigating the potential
of RFID for several years now and believes the technology will
continue to grow in importance in the following roles:
· To provide a means of
unique object identification at low cost, transforming supply chains
and reducing their operational costs dramatically.
· To be used in
combination with other sensing and network technologies to track
objects and physical environments for purposes beyond supply chain
management – resulting in an electronic infrastructure that is
intelligent and aware of its physical environment.
HP already provides a wide range of RFID solutions to help
companies improve efficiencies and meet industry and customer
compliance mandates. Some of the benefits of RFID implementation
· Improvement in
ability to accurately determine inventory at various stages of
· Reduction in cycle
times through automation
· Lower operational
· Improved return on
· Enhanced customer
satisfaction and loyalty