The strength of your business plan – and the difference between success and failure of its execution – can rest on the accuracy of the asset visibility within your supply chain. Having what you need on-hand to meet demand, without running out or having too much and having to allocate storage space for it, is a great step in the right direction. To accomplish this, you’ll need to take the necessary steps to improve visibility, or the accuracy of the information you have about your enterprise.
RFID container tracking becomes a crucial element of your logistics chain. Depending on the type of technology you utilize, containers and merchandise might be visible at all times, or specifically when they pass through specific chokepoints. When containers arrive, when they depart, how long they have been sitting in storage empty, and where the missing containers were the last time they passed a checkpoint all become critical to the establishment and improvement of key performance metrics that measure success.
Pearson’s Law is “That which is measured improves. That which is measured and reported improves exponentially.” Knowledge gathered by RFID technology enables you to make far clearer and more consistent decisions that will impact your organization for the better.
• RFID increases visibility by allowing you to know when and where your products are throughout the supply chain loop.
• Visibility increases ability to plan, allowing you to be more prepared and make clearer decisions.
• Good planning saves you time and money, resulting in less downtime, less waste, and more efficiency.
While there are many other defining tasks that go into your business plan, the difference between success and failure may be as simple as implementing a reusable management system, enabled by RFID technology. With an appropriate level of visibility come informed, actionable decisions that will have a positive impact on your business, and establishing consistency in the implementation of best practices, become much more achievable goals.