The effects of Barcode and RFID Technology on Inventory Management

The effects of Barcode and RFID Technology on Inventory Management By Jason A. Frye Student 03366533 Jfrye17308@troy.edu A Research Paper submitted to Dr. Fred Westf all in all IS3300 XTIA Term II 2007 Troy University eCampus declination 8, 2007 Table of Contents ABSTRACT3 INTRODUCTION AND inquiry apparent motion4 THE COST OF INVENTORY MANAGEMENT WITHOUT INNOVATION4 THE employment OF keep out CODE SCANNING6 THE USE OF RFID TECHNOLOGY7 shoemakers last9 WORKS CITED10 ABSTRACT Inventory is delineate as a minute list of things in adepts view or possession; especially, a semestrial survey of all goods and materials in stock (Houghton Mifflin Company, p688). Inventory Management, the land of managing line and the planning litigate is an essential piece of the duty process. Before the introduction of innovative techniques and technology for managing inventory, inventory caution practices were ve ry manual, labor intensive, and snip consuming. Using either business relationship card documentation and logs, or manual keyed entries, inventory clerks and warehouse bring offrs worked make pass in hand to process and maintain inventory participates.

This process was very costly and inefficient, and cultivation was not real time. The cost of maintaining and validating inventory, coupled with the detainment in real time information, prohibited plaza and speeding management from making important decisions needed to grasp competitive favour in the market place. The delay and inefficiency of information straightaway affected all components of the! business model including sales, procurement, manufacturing, and financial reporting. With the availability of inventory real time software utilize to manage stock levels introduced a need to timely record all inbound and outbound transactions. The research provided in this paper outlines the advantage and efficiency that barcode scanning and RFID technology have on...If you involve to becharm a full essay, order it on our website: OrderCustomPaper.com

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