Inventory Process Cost Reduced With RFID, Simulation and Open Source Technologies

Abstract

One ofthe possibilities for companies to seek cost reductionis through the improvement of their processes. RFID (Radio Frequency Identification) can make this possible for its traceability of company assets, as well as the development of IoT projects, which are characterized by the generation of large amounts of unstructured data. RFID is widespread worldwide and research on the subject has grown in Brazil. However, the implantation of this technology, in Brazilian companies, faces its associated costs. Based on those arguments, this paper presents the development of a system based onRFID technology and open source tools (NodeJs, Python and MongoDB), as well as simulating RFID antennas in a virtual environment (Rifidi). Indeed, it is possible to reduce the costs on the development of the system, since it was not necessary to purchase any equipment or software licensing.

A Simulation for Managing Retail Inventory Flow Using RFID and Bar Code Technology

“…Bar code technology has been driving efficiency in retail supply chains since the 1970s (Weightman, 2015). RFID, on the other hand, only gained prominence as a potential source of logistical innovations in the early 2000s, as many industry leaders such as Walmart, TESCO, and Target investigated RFID‐based process improvements aimed at reducing labor and inventory costs (De Oliveria et al., 2019; Lacy, 2005). Due to practical challenges such as poor read rates, expensive RFID tags, and low rates of compliance from suppliers, some significant applications of RFID have fallen short of expectations (Fosso Wamba et al., 2016; Kaplan, 2018).…”