Chapter 7, Problem 8HMP

Program Plan Intro

 Radio Frequency Identification (RFID):

• RFID is a mobile wireless technology that is used to facilitate supply chain management.
• Movement of data is tracked by RFID. It captures and provide instant goods movement information between the supply chain partners.

Explanation of Solution

 Factors to be considered:

 Some of the factors to be considered for the identification of the costs of RFID technology are as follows:

• RFID labels
• Meeting RFID tagging requirement
• Size of company
• Installation and maintenance

 RFID labels:

• Depending on the size and function of the labels, the RFID label price varies.
• The company wants to find out what RFID labels are the best to use.

 Meeting RFID tagging requirement:

• The company has to research the RFID tagging requirements in order to ensure that the system is being used correctly.
• Based on the equipment purchased by the customers, the valuation will be made and also ensure that the system is working correctly...

Explanation of Solution

 Key decisions:

 The following key decisions are used to identity whether the company should adopt the technology:

• Cost to implement and maintain
• Cost of all the equipment and software
• Profitability

 Cost to implement and maintain:

• The hiring professional is included in this decision which is used to install and properly test the equipment to ensure full functionality of the RFID system.
• Once the company purchases all the necessary technology, it needs to figure out the costs to install and maintain.
• The company also needs to train the employees to use the system, which will take time and money...