Expanding the Value of Supply Chain Management
From the advent and implementation of the Universal Product Code (UPC), to modern data applications that streamline production and inventory requirements, supply chain management has saved businesses billions of dollars. As businesses have recognized the ability of supply chain management to deliver significant savings, they continue to search for new ways to achieve competitive advantages through cost savings in the supply chain. While these current systems continue to evolve in order to provide additional sales value through point-to-point collaboration and closed loop networks, they face some limitations better resolved by new technologies. Radio Frequency Identification (RFID) tags, in conjunction with Electronic Product Code (EPC) identification technology; offer a practical way of generating detailed supply chain event information.