ch08 - Chapter 8 Inventory Management Introduction Radio...

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Chapter 8 Inventory Management
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Introduction
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Chapter 8 - Inventory Management 3 Radio Frequency Identification (RFID) Conventional bar codes are replaced with computer chips or smart tags. Use wireless technology to track inventory.
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Chapter 8 - Inventory Management 4 Wal-Mart RFID Early adopter of RFID is Wal-Mart. By January 2005, 53 of its top 100 suppliers were sending RFID-tagged goods to its three distribution centers in the Dallas, Texas area. Wal-Mart’s goal is to have all top 100 suppliers shipping RFID-tagged goods by the end of February 2005 in addition to 37 other suppliers.
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Chapter 8 - Inventory Management 5 Wal-Mart RFID continued The impetus for Wal-Mart’s investment in RFID was the lack of visibility it had into its backroom storage areas. The major drawback to RFID is its cost. In 2005, the cost of smart tags was $0.25 each if purchased in volume, and $0.75 if purchased in smaller quantities. The stated goal in the industry is to get the price of smart tags down to $.05
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Chapter 8 - Inventory Management 6 Vendor-Managed Inventory (VMI) With VMI, suppliers are given responsibility for managing the inventory carried by their retail or wholesale customers. Rich Products, a $2 billion family-owned
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This note was uploaded on 11/25/2011 for the course MBA 631 taught by Professor Donalde.stout,jr. during the Spring '09 term at Saint Martins University.

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ch08 - Chapter 8 Inventory Management Introduction Radio...

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