In regards to global logistics, technology including radio-frequency identification (RFID ) assume a critical part in developing harmony in understanding overstocking and understocking expenses for organizations. The technology allows for organizations to better forecast product demand in the business sector (Pokharel, 2005). Additionally, RFID’s are used to assist organizations with accomplishing stock level and expense goals by providing information used to help manage and implement logistics. RFID innovation is currently used in organizations such as Wal-Mart to assist in tracking products and provide real-time data to prevent counterfeiting and to monitor stock levels(Pokharel, 2005). RFID technology is equally important for privacy rights of individuals and global logistics. However, RFID plays a more common role in logistics than for individuals. The ability to track and monitor products by utilizing RFID technology has been proven effective and continues to be a reliable resource for many organizations.
Suggested Reading
Pokharel, S. (2005). Perception on information and communication technology perspectives in logistics: A study of transportation and warehouses sectors in Singapore. Journal of Enterprise Information Management, 18(1/2). doi:10.1108/17410390510579882
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Dr. Elijah Clark (October 3, 2020). What is an RFID? [Web log post]. Retrieved from https://elijahclark.com/what-is-an-rfid/