6 cycle counting is an inventory process in which

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6. Cycle counting is an inventory process in which items are counted on a cyclic schedule. It is usually performed on a periodic basis. The items are counted frequently to reduce inventory errors. It is important because it helps to resolve inconsistency between physical inventory and inventory record on a regular basis. It also helps to identify the inventory problems to take actions on time. 7. Electronic product code (EPC) is one of the major Radio Frequency Identification (RFID) standards. EPC standard is managed by EPC Global, and it is a subsidiary of GSI. EPC is a unique number that identifies a specific item in the supply chain. Radio Frequency Identification (RFID) is a technology that uses radio waves to identify a tagged object. 8. The RFID manages the inventory by tracking the supply chain . It links the information and physical flow of goods from manufacturers to retail outlets and to the customers at the right place and right time. RFID can easily track the goods, prevents from fake, and helps to reduce the out-of-stock items. RFID is an important tool to improve the inventory management and supply chain efficiencies. The following are the steps in which the RFID processes the supply chain: Materials Management : As a supply vehicle enters the warehouse, the fixed- portal RFID reader positioned at the entrance reads the tags on the pallets or individual items to provide handling, routing and storage information of the incoming goods. Inventory status can be updated automatically. Manufacturing : An RFID tag can be placed on the unit being produced so that specific customer configurations can be incorporated automatically during the production process. This is invaluable in a make-to-order environment. Distribution Center : As the logistics vehicle arrives at the loading dock, the fixed-portal RFID reader communicates with the tag on the vehicle to confirm that it is approved to pick up goods. When the loaded vehicle leaves the dock and crosses the portal, the reader picks up the signals from the tags to alert the RFID software and ERP system to update the inventory automatically and initiate an advance shipping notice (ASN), proof of pickup and invoices. Retail Store : As the delivery vehicle enters the unloading dock, the fixed-portal reader picks up the signals from the tags and the RFID software application processes the signals to provide specific handling instructions and initiate automatic routing of the goods. The RFID reader can also be placed on the store shelf to trigger automatic replenishments when an item reaches its reorder point. Moreover, inventory status can be updated in real time automatically at any stage of the supply chain, and handheld readers can be used to assist in cycle counting.
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