RFID (Radio Frequency Identification) is a technology that uses electromagnetic fields to automatically identify and track tags attached to objects. It can help create value for businesses in several ways. RFID allows for automatic scanning of products during purchase instead of manual scanning, improving efficiency. It also helps reduce failure rates and costs while improving on-time delivery. RFID provides real-time tracking of inventory and assets throughout the supply chain. Some applications of RFID that create value include supply chain management, security and access control, asset tracking, and automated identification.
1. Value creation by
RFID
(Radio Frequency Identification)
By –
Archit Tiwari
Gaurav Deshmukh
Lalit Sharma
Lovedeep Singh
2. RFID ?
Radio-frequency identification (RFID) is the wireless use of
electromagnetic fields to transfer data, for the purposes of
automatically identifying & tracking tags attached to objects.
These tags contain electronically stored information.
RFID Tag
7. Value Addition -
RESHAPING OF A BUSINESS
MODEL:
Instead of manual scanning of the products
bought at paying counter, automatic scanning
through RFID is a value addition. Through
reshaping, efficiency of business model can be
increased.
RFID is also used to reduce failure rate,
shrinkage, operating stock and to enhance on-
time delivery, shipment quality and so forth.
This can be new ways to make money.
8. VALUE DELIVERANCE:
A customer can get information about the existence
of a garment matching his style, size and color
requirements and if the desired garment exist, the
store’s clerk can precisely locate the garment for
him.
If the garment is out of stock, customer can get
information with the help of RFID-enabled system
about the nearest store where the garment is
available.
9. Defence:
RFID can make the battlefield safer for soldiers in
terms of identifying friendlies, specific units, weapons
and of course targeting enemies with minimum fallout.
By having real time information to support and
enhance logistics and supply chain management in the
field.
10. Logistics:
A reduction in the time required for workers to
search for containers stored within the yard when
they need to be inspected for clearance, or shipped
out from the container-freight station (CFS).
11. Agriculture:
Tracking the movements of animals via RFID is
probably one of the first areas where this
technology was used.
Farm management systems can be extremely
expensive, but monitoring the health of animals
is essential for any modern day farmer.
Ensuring the correct feed is provided to a
specific individual among a herd of hundreds
can be extremely time consuming. With RFID
this can be achieved automatically and cost
effectively, with information sent back to central
database in real time to show which animals are
healthy.
12. RFID Door Locks:
RFID, a database that contained user information,
model door, lcd display, a door lock, and small
switch circuit they designed a system that allows
registered users to unlock the door. By simply
waving the RFID tag in front of the RFID reader,
the reader sends the ID embedded in the tag to the
computer. Then the program checks to see if the ID
is in the database. If the ID is in the database, then
the lcd the door opens, and the lcd display displays
the user's name. If, on the other hand the ID is not
found the database, then the user is denide access,
and the lcd display display a message notifying the
user that he was denied access.
13.
14. Applications Value creation
RFID Infrastructure & Management
Services Provider
Provider of RFID infrastructure-
related products and solutions (e.g.
tags, readers, data integration
services, middleware)
RFID-enabled pay-per-use
Business Model
According to this model a firm that
has a huge number of assets in a
given industry lets its trading partners
to use these assets and to pay for the
assets per use. The firm tracks its
assets through RFID devices located
throughout the supply chain.
RFID-based Security Provider
A firm that provides RFID-based
tracking solutions for authentication,
brand protection as well as to combat
tampering, theft, counterfeiting.
Information and Business
A firm that uses RFID to offer new
information-based services. It
analyzes, for example with the use of
15. Problems with RFID:
Some common problems with RFID are
Reader collision
- Reader collision occurs when the signals from two or
more readers overlap.
Systems must be carefully set up.
Tag collision
- Tag collision occurs when many tags are present in a
small area
Since the read time is very fast, it is easier for vendors
to develop systems that ensure that tags respond one
at a time.