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Radio Frequency

Identification Application In
Demand Forecasting

Presented By:
Nishant Chhabra (06)
Abbasali Hararwala (16)
Sachin Mishra (26)
Ishan Khot (36)
Sushant Suman (46)
Nanasaheb Shinde (56)
What is RFID?
Radio frequency identification is a generic term for
technologies that use radio waves to automatically
identify people or objects.

Most common method for identification is to store


a serial number that identifies a person or object,
and perhaps other information, on a microchip that
is attached to an antenna (the chip and the
antenna together are called an RFID transponder
or an RFID tag). The antenna enables the chip to
transmit the identification information to a reader.
The reader converts the radio waves reflected back
from the RFID tag into digital information that can
then be passed on to computers that can make use
of it.
Which are the companies using RFID?

 Jones Apparel Group


 LC Waikiki, Turkish Retailer
 Nortura, Norway
 The British Royal Air Force
 Wal-Mart
 US Department of Defence for asset tracking
during the second Gulf War
 Wipro India Ltd
 Airbus
 Volkswagen, Germany
 IT major’s viz. Texas, Sun Microsystems, HP,
IBM, Cisco, Philips, Infosys, Wipro, and iGATE,
Satyam, Cognizant, Patni and Microsoft.
What are some of the most common
applications for RFID?
RFID is used for

 For tracking cows and pets.


 Triggering equipment down oil wells.
 Payment systems (for instance - Mobil Speed pass and
toll collection systems)
 Access control and asset tracking.
Increasingly, retail/CPG and pharma companies are
looking to use RFID to track goods within their supply
chain, to work in process and for other applications.

The applications are limited only by people's


imagination. RFID can be used for many more things.
How RFID is implemented in Demand
Forecasting in Retail?

 A typical supply chain maintained by retail stores such as Wal-


Mart is as follows

1.End customers buy goods from retailer.


2.The retailer buys goods from Distributors, who have
warehoused goods they bought previously from
manufacturers.
3.The goods are manufactured by manufacturers using parts from
the suppliers.
As materials move from the initial supplier in the
chain to the end-customer, value and costs are
added at each node.

Businesses strive to make their supply chains


more efficient by improving the information
sharing throughout the supply chain in order to
optimize profit based on supply and demand.

Introducing RFID tags and readers in the supply


chain can greatly increase the productivity,
reduce chances for mistakes and improve the
overall efficiency of this supply chain system.
Advantages of RFID
 Greater control over inventory
 Increased security
 Greater visibility of your facility
 Better time management of mobile personnel and
resources
 Reduction in time spent on maintenance and
record-keeping
 Better organization of assets and resources
 Reduction in paperwork
 Delivers accurate and precise information
 Benefits in Global supply chain management
industry
 Faster, more efficient and error free method
Disadvantages of RFID

 The tag-reader cannot communicate effectively


with a tag that is oriented perpendicular to the
reader antenna.
 Cannot filter out noise and disturbance
 Most RFID readers are not designed to
operate in the presence of another
reader that is also scanning for tags.
 Not useful for smaller companies with low
volumes of sales and production
 High cost of maintenance
 High Cost of Installation
 Required skilled manpower to harness Results
THANK YOU

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