RFID + ERP = Supply Chain Visibility
Filed in archive Software Applications by Anita Campbell on November 01, 2004
.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%
As this article in BPM-Today points out:
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.
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