Market Value Estimate

advertisement
RFID
LYNSEY CHARLES
KYLE JAHNKE
ANDREW KANGERGA
JAKE WHITESIDES
JESSICA WOLD
Introduction
• Initial Radar Technology;
WWII aircraft FoF ID
• 1963 idea to scatter info
& data by Harrington
• 1966 commercial
security use of RFID
• 1975 RFID research
released to the masses
• 1987 Europe RFID
payment on roadways
• 1994 Railroad RFID
tracking implemented
• Market Value Estimate:
– 2005 $2 B
– 2015: $26 B
$
http://www.advancedmobilegroup.com/blog/the-history-of-rfid-technology
Technology
• Wireless transfer of data using
electromagnetic fields
• RFID tags consist of an antenna &
circuit which carries product info
• RFID reader interrogates tag, which
responds with data about item
– Serial #, stock #, lot/batch #,
production date
• Read/write or read only
http://www.rigzone.com/news/oil_gas/a/113906/COTEMAR_Tracks_Offshore_Workers_with_RFID_Tags
• Real-time Asset Life Cycle tracking
– Personnel (safety)
– Goods (creation, shipping,
sales)
– Billing & operational efficiency
• Accurate, automatic and convenient
• No line-of-sight issues compared to
optical bar codes
http://www.coresonant.com/html/rfid-tags-for-solar-module-india.html
RFID Types
• Passive (All Frequencies)
– Receives signal from reader
– Powers on & reflect signal
back to reader
– Cheaper & smaller
• Active (UHF)
– Transmitter & power source
– Send signal or transmit data
– Transponder & Beacon
https://www.ups-scs.com/solutions/white_papers/wp_RFID.pdf
AMPLITUDE
TIME
•
•
•
Short read range
Slower read rate
Better for on/near
metal/liquid
•
•
•
Longer read range
Faster data transfer
Sensitive to radio wave
interference due to
metal/liquid
http://www.impinj.com/resources/about-rfid/the-different-types-of-rfid-systems/
RFID Manufacturing Application
• Supply Chain Applications
– How does your topic/technology add value to the organization?
• Encoding retail items
• Tracking throughout distribution
• Inventory Management
• Security
RFID Manufacturing Application
• Supply Chain Applications
– What are some of the current problems/limitations of this
topic/technology?
• Interference
• Logistics
• Expense
RFID Manufacturing Application
• Supply Chain Applications
– How can some of these limitations potentially be overcome?
• Zara vs. JCPenneys
• Security tag
• Increased Security  reduced shrinkage  pays for itself
Warehousing
• Objectives
– Optimize Inventory Management
– Rapidly Organize and Locate Items
– Identify Inventory Automatically
– Real Time Monitoring of Items Entering or Exiting
– Improve Customer Satisfaction
Amazon distribution center
Budweiser distribution center
Warehousing
• Benefits
– Increased Inventory
Tracking
– Reduced Labor Costs
– Overall Efficiency
– Better Utilization of Space
– Can Be used in
Conjunction with Robots
– Reduced Stocking
Requirement
Amazon distribution center Kiva robots
• Challenges
– Implementation cost and Uncertain ROI
– Complex Software Requirement & Enormous Data Volume
– Reliability less than 100%
• Tag Orientation/Metal Reflection/Absorption by Liquids
– Lack of Unified Standards
Distribution
• RFIDs Add Value
– Reduce Handling Cost
– Increase Inventory
– Accuracy
– Increase Real time
Tracking
– It is estimated that
Wal-Mart saves $8.35
Billion by using RFIDs
(labor costs due to
less manual process
for incoming goods)
– Sanacorp Increased
Market Share by 3%
Distribution
Issues and Solutions
• Limitations and Issues
– Costs are still a little high
– Too many types of RFIDs in
the supply chain
– Privacy for the end consumer
• How to Overcome Current Issues
– Technology is brining down
cost
– Consolidation will eventually
happen just like it did for the
barcode system
RFID for Retail
Applications
• More Accurate Inventory
– Weekly Instead of Yearly
– Significant Reduction in
Human Error
– Stock number and Location
– Smart Shelves and Baskets
• Stores for Online Fulfillment
– One in Three Purchases made
Online (2013)
– Chains can be Assured Orders
are in Store
• Checkout
– Instant Scan of an Entire
Basket
– Tagged Items can’t be Hidden
RFID for Retail
Implementation Issues
• Privacy
– Accidental Theft Alarms
– Unwanted Tracking
– Tracking Solutions
• Cost
– RFID v. Barcode
– Retail Margins
– Data Management
Summary
• RFID benefit versus cost issues becoming more balanced
– Costs continue to decline as technology advances
– Implementation more common as costs decline
– Security improving
• Real-time Asset Life Cycle tracking
– Enable new selling channels
– Cost reduction through inventory management
• Efficiency
– Overall supply chain efficiency
– Improve customer satisfaction
– Minimizes human error
– Shrinkage reduction
References
• https://www.ups-scs.com/solutions/white_papers/wp_RFID.pdf
• http://www.sciencedirect.com/science/article/pii/S0925527313002314
• http://www.rfidarena.com/2013/11/14/benefits-of-implementing-rfid-in-supply-chainmanagement.aspx
• https://www.youtube.com/watch?v=quWFjS3Ci7A
• http://www.advancedmobilegroup.com/blog/the-history-of-rfid-technology
• https://en.wikipedia.org/wiki/Radio-frequency_identification
• http://www.impinj.com//resources/about-rfid/the-different-types-of-rfid-systems/
• http://rfid.thingmagic.com/rfid-blog/topic/big-data
• http://www.sciencedirect.com/science/book/9780750682091
• http://www.advancedmobilegroup.com/blog/how-zara-controls-stock-with-rfid
• http://fortune.com/2014/04/16/can-rfid-save-brick-and-mortar-retailers-after-all/
• http://blogs.zebra.com/blog/bid/49466/5-Advantages-of-RFID-in-Retail-Part-Two
• http://alerttech.net/retail-rfid-technology/
• Jones, M. Wyld, D. Totten, J. 2006. "The Adoption of RFID Technology In The Retail Supply
Chain", The Coastal Business Journal. Vol 4, Number 4. P 29-41
• d'Hont, S. 2010. "The Cutting Edge of RFID Technology and Applications for Manufacturing and
Distribution", Texas Instruments TIRIS. P 1-14
• Chieh-Yu Lin Yi-Hui Ho, (2009),"RFID technology adoption and supply chain performance: an
empirical study in China's logistics industry", Supply Chain Management: An International Journal,
Vol. 14 Iss 5 pp. 369 – 378
SUPER FUN
SLIDE ASSEMBLY
PARTS
Download