It wasn’t too long ago when product replenishment or ordering new products was a painstakingly long and tedious process. The amount of time it took for an order to be justified, placed, received by the supplier, filled, shipped, and received by the customer/company once took months. Now, with the help of new technology and software like Oracle’s supply chain management package, things have changed drastically. Instead of the old paper trail, orders can be placed over the internet. Instead of fluctuating inventory levels, inventory is dept by a computer database of what’s come and gone.
One of the more important aspects of ordering merchandise is knowing where that merchandise is at all times. Whether the product was shipped, whether it was delayed, whether you received it, where it is, even whether it was actually ordered. Knowing this information allows a company to control and manage their inventory down to the penny. Oracle has implemented, along with other upgrades to their software, radio frequency identification (RFID). With this technology companies can track their entire inventory wirelessly. The information from the radio frequency tags added to each product is sent directly to Oracle’s supply chain management software.
Just one more step to a stress free supply chain.
http://news.zdnet.com/2100-9592_22-5298333.html
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