VAISHALI PATELEXECUTIVE SUMMARYRadio Frequency Identification (RFID) chips and EPC (Electronic product code) together can solve a great number of problems from creating more efficient supply chains to increasing security. Most importantly, reducing costs and giving better price to consumers (P&G GILLETTE FUSION PROJECT). The technology also offers the potential to help create better advertising through the increased awareness of consumers. However, for every problem the chips seem to solve, they seem to create another. While RFID tags may help a retailer manage its inventory better, it could also be a system vulnerable to attacks from hackers that could cripple the business. Competitors get information of inventory levels and privacy invasion being another major issue. RFID tags can let anyone to track products after they leave the store and even people themselves. However, any person, organization, or government that attempts to do this will likely face a strong backlash from the general public.
But no major standards are set yet to fight back this drawback regarding the usage of RFID.
Today with new technology advancing at great pace, RFID could be used in several different ways. However, every new technology comes with certain drawbacks. Society today is filled with a lot of nervous and anxious people. As terrorism continues to loom as a threat, and the government tries to combat it with measures some consider oppressive, there will always be a fear of technology that could be used for survelliene (like RFID in US Passports). As time passes by, P&G is improving with EPC implementation through RFID and future seems bright for manufacturers and retailers both. Moreover, positive steps are made towards regulation and rules for use of RFID.
INTRODUCTIONOur report aims to explore different aspects of the new technologies implemented in the supply chain and operations. We also did an...