Improved Control and Financial Statement : RFID

by Albert Rewin Genesis/ 2301951884

RFID (Radio  Frequency Identification)  is a  method that  can identify  or  recognize an object  or object automatically using a device that can emit radio waves. RFID can operate using two main tools, namely RFID Reader and RFID Tag. RFID reader is a device that can radiate radio waves in addition to reading serial code. While RFID tag is a data carrier device that has a chip equipped with a small antenna. Each  RFID tag  has  a unique number  or  ID Number data,   so  no  RFID tag  will have the same serial number. The purpose  of  using  RFID can be  used  in a variety of  conditions. RFID has attracted attention in recent years. One important reason for this is the efforts of large organizations, such as Wal-Mart, Procter and Gamble, and the U.S. Department of Defense, to use RFID as a tool for automated surveillance of their supply chains.

Many of  us  already  use  technology that uses    RFID tags,  even on a  regular basis. An example  is  e-money that can be  used  for  public transportation payments,  toll  roads,   even  for  shopping at minimarkets  or super markets. In  some universities in Indonesia  already  utilize  RFID  technology to  be used  in the absence of  their students.  Why  is  absenteeism  using  RFID? With    RFID  can make it easier for an  institution to be able  to  obtain  and  process  data. In  the student absence scenario,   students  have  RFID tags in the form of  student cards.  When an RFID reader reads  an  RFID tag,  the  institution in question  can  obtain  a wide variety  of  information. Such as  names,   days, dates,and hours  of absence.

Radio frequency identification (RFID) is one  of the new technologies that is increasingly being used in supply chain management.  RFID technology plays an important role in supporting logistics and supply chain processes due to its ability to identify, track, and track information throughout the supply chain. This technology can provide suppliers, manufacturers, distributors, and retailers with precise real-time information about the product. An accurate knowledge of this inventory will result in lower labor costs, simplified business processes, and improved supply chain efficiency. If used correctly, this could potentially reduce order wait times and costs on inventory control, improve the accuracy of inventory information, help avoid running out of stock, and increase the amount of inventory turnover. Some supermarket industries  are also  implementing RFID technology in their physical  stores.  Supermarkets  apply  RFID readers to    consumers’ shopping   carts,  then   products   in the  supermarket are equipped  with  RFID tags. So consumers    just need to  put  their  products in the  basket  and  will  automatically pay off without  the  need to go to the  cashier. By  using this RFID  technology,   supermarket  managers   can  easily    find out  what  products    are  often  purchased  by  a  consumer  and will be  able to easily   managing the supply  chain in their  stores.

So in conclusion  RFID  can be  very  useful  for  knowing  an  information. In the  presence of  RFID  we  can  know  what   products have been  sold,  products  that are  often  purchased  by  a  consumer,  etc. So that  managers  or  managers can improve supply chain control  and  facilitate  in  making  financial statements.

If you have a gadget that emits radio waves, RFID (Radio Frequency Identification) may identify an item or thing automatically. The RFID Reader and the RFID Tag are the two primary components of an RFID system. In addition to scanning serial numbers, an RFID reader may also send out radio waves. When it comes to the RFID tag, a tiny antenna is attached to the chip of the data carrier device. A unique serial number or ID Number data is assigned to each RFID tag, therefore no two RFID tags will have the same serial number. RFID may be utilized in a wide range of situations, making it a versatile tool. In recent years, RFID has received a lot of attention. Many big corporations, like Wal-Mart, Procter & Gamble, and the United States Department of Defense, employ RFID to monitor their supply chains automatically.

In fact, many of us already utilize RFID technology on a daily basis. The use of e-money as a payment method for public transit, toll roads, and even shopping at small or large supermarkets is one such example. In several Indonesian colleges, RFID technology is already being used to track students while they are absent. What is the purpose of RFID in absenteeism? As a result of RFID, it is simpler for an institution to receive and process information. Students are equipped with RFID tags in the form of student ID cards in the event of a student’s absence. When an RFID tag is scanned by an RFID reader, a wealth of data is available to the organization in question. Such as the names, dates, and times of absence, as well as any relevant information.

The usage of radio frequency identification (RFID) in supply chain management is on the rise. Logistics and supply chain procedures benefit greatly from RFID technology’s capacity to identify, track and monitor information across the supply chain. Suppliers, producers, distributors, and retailers may all benefit from this technology’s ability to deliver real-time information on the product. Having a clear understanding of this inventory will save labor costs, streamline company procedures, and increase supply chain efficiency. It is possible that if implemented appropriately, this might cut order wait times and costs, enhance inventory information, assist prevent running out of goods, and boost inventory turnover. The use of RFID in physical shops is also being used by several supermarkets. RFID readers are placed on the shopping carts of customers, and subsequently, RFID tags are attached to the items in the supermarket. As a result, customers just need to place their purchases in the shopping cart and they will be instantly charged. Managers of supermarkets will be able to better manage their supply chains by utilizing RFID technology to track what items their customers often buy.

So, in summary, RFID is a great tool for obtaining information. RFID allows us to know what items have been sold, which products are often bought by customers, and more.. Supply chain management and financial reporting may be improved as a result of this.

Reference:

RFID Security and Privacy: A Research Survey by Ari  Juels

The RFID Technology and Its Current Applications by  Elisabeth ILIE-ZUDOR,  Zsolt  KEMENY, Peter EGRI

BAKTI – A Glimpse  of  RFID Technology, a   Widely  Used Identification Tool by Companies (baktikominfo.id)