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Software Applications
by Anita Campbell on November 1, 2004
Third-party logistics providers have to get on board with RFID to meet their customers' demands. So concludes a recent study of 650 logistics executives by Capgemini, sponsored by fedex.
The number one IT-based service that corporate executives said they needed from their third-party logistics providers in the future turned out to be -- you guessed it -- RFID. All regions of the world rated RFID as the number one need:
That should not be surprising. RFID together with good ERP systems promise to give companies better visibility into their supply chains.
As this article in BPM-Today points out:
The BPM-Today article also refers to a research report by the Yankee Group. MarketResearch.com has the report and you can even search inside the report using keywords -- it's a neat feature.
The number one IT-based service that corporate executives said they needed from their third-party logistics providers in the future turned out to be -- you guessed it -- RFID. All regions of the world rated RFID as the number one need:
- Western Europe 61%
- Asia Pacific 59%
- North America 53%
- Latin America 48%
That should not be surprising. RFID together with good ERP systems promise to give companies better visibility into their supply chains.
As this article in BPM-Today points out:
"...[Companies] that could view data in detail reported faster inventory turnaround and sales cycles.
The difference between companies with a high level of visibility into their supply chains and those with a low level of visibility is striking, according to the study.
High-visibility firms averaged 14.6 inventory turns, 22.1 days sales of inventory, and 26.1 average days sales outstanding compared to 9.8, 38.2 and 39.4 respectively among low visibility firms."
The difference between companies with a high level of visibility into their supply chains and those with a low level of visibility is striking, according to the study.
High-visibility firms averaged 14.6 inventory turns, 22.1 days sales of inventory, and 26.1 average days sales outstanding compared to 9.8, 38.2 and 39.4 respectively among low visibility firms."
The BPM-Today article also refers to a research report by the Yankee Group. MarketResearch.com has the report and you can even search inside the report using keywords -- it's a neat feature.
Permalink: RFID + ERP = Supply Chain Visibility
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Vote for RFID + ERP = Supply Chain Visibility:
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Rating: 8.33 out of 6 vote(s) cast.
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Response from:
gavan
(05/15/06 11:36am)
Clients do want RFID modules but when you ask them to they want now ,they have backed off due to cost ,there does seem to be a lot of hype and our prospective clients only want to know do we offer RFID package so that they have the option to install in the future.
Response from:
Mr. Rehab
(05/20/07 9:04am)
FedEx Corp. provides customers and businesses worldwide with the broadest portfolio of transportation, eCommerce and business services. With annual revenues of $26 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively under the respected FedEx brand.
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