TY - GEN
T1 - The information value of item-level RFID in retail supply chain operations
AU - Goebel, Christoph
AU - Günther, Oliver
PY - 2011
Y1 - 2011
N2 - Product availability in retail stores has become a major competitive factor. Insufficient replenishment processes and missing inventory visibility still account for a major fraction of lost sales. Radio Frequency Identification (RFID) may eliminate inventory record inaccuracy and improve the means of employees and customers to localize products. However, to date a lack of knowledge about the information value of this technology prevents a comprehensive financial evaluation. This paper proposes and demonstrates a simulation method that is able to capture the information value of item-level RFID in retail supply chain operations. Overall our results show that the ROI of item-level RFID depends on many factors. We demonstrate that a positive ROI is possible at the current price of passive RFID transponders.
AB - Product availability in retail stores has become a major competitive factor. Insufficient replenishment processes and missing inventory visibility still account for a major fraction of lost sales. Radio Frequency Identification (RFID) may eliminate inventory record inaccuracy and improve the means of employees and customers to localize products. However, to date a lack of knowledge about the information value of this technology prevents a comprehensive financial evaluation. This paper proposes and demonstrates a simulation method that is able to capture the information value of item-level RFID in retail supply chain operations. Overall our results show that the ROI of item-level RFID depends on many factors. We demonstrate that a positive ROI is possible at the current price of passive RFID transponders.
UR - http://www.scopus.com/inward/record.url?scp=79952933690&partnerID=8YFLogxK
U2 - 10.1109/HICSS.2011.420
DO - 10.1109/HICSS.2011.420
M3 - Conference contribution
AN - SCOPUS:79952933690
SN - 9780769542829
T3 - Proceedings of the Annual Hawaii International Conference on System Sciences
BT - Proceedings of the 44th Annual Hawaii International Conference on System Sciences, HICSS-44 2010
T2 - 44th Hawaii International Conference on System Sciences, HICSS-44 2010
Y2 - 4 January 2011 through 7 January 2011
ER -