How IT can add Value to logistic sector: Bar code systems and RFID (radio frequency identification) in logistics services

Temjanovski, Riste and Bezovski, Zlatko (2020) How IT can add Value to logistic sector: Bar code systems and RFID (radio frequency identification) in logistics services. Journal of Economics, 5 (2). pp. 47-56. ISSN 1857-9973

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Abstract

Abstract
Current digital technology can do a lot in terms of improving the visibility of flows of goods and services in logistic sector. Managing and locating important assets is undoubtedly a key challenge for almost any business. Business is time interrelated and shortening the time for certain operations in business is related to the profit or loss of funds. Time spent searching for critical equipment can lead to expensive delays or down time, missed deadlines and customer commitments, and wasted labor. RFID asset management is now a well-known solution for identifying and tracking valuable assets. An RFID asset tracking system uses electromagnetic fields to transmit data from an RFID tag to a reader. But what is RFID really? RFID is an acronym for “radio frequency identification” and refers to a technology where digital data encoded in RFID tags or smart labels are captured by a reader via radio waves, and used in this case for RFID asset tracking and tools and equipment management. Existing technologies now and in the future, play and will play an important role in modern distribution sector for the movement of their products or raw materials. In fact, the benefits of specific technologies, such as identification of the radio - frequency (RFID) and Global Positioning Systems (GPS) are already in use by leading distribution companies.
Existing technologies now and in the future, play and will play an important role in modern distribution sector for the movement of their products or raw materials. In fact, the benefits of specific technologies, such as identification of the radio - frequency (RFID) and Global Positioning Systems (GPS) are already in use by leading distribution companies. Technological changes in communications between the devices themselves, goods and vehicles have helped to significantly improve the quality of services, advantages that every business must take this advantage.

Kew words: Supply chain management, logistic sector, bar code systems, RFID, IT

Item Type:	Article
Subjects:	Social Sciences > Economics and business Engineering and Technology > Electrical engineering, electronic engineering, information engineering
Divisions:	Faculty of Economics
Depositing User:	Prof.d-r Riste Temjanovski
Date Deposited:	27 Oct 2020 07:49
Last Modified:	27 Oct 2020 07:49
URI:	https://eprints.ugd.edu.mk/id/eprint/26682

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