Provide an example of how each of the following technologies can create a competitive advantage for a logistics network : RFID, cloud computing, and the Internet-of-Things. Which do you think will be the greatest advantage for your current employer or your favorite retailer? Support your answer with cost, service and risk issues
Reply to the students response in 150 words and provide 1 reference
The following technologies can create several competitive of advantage for a logistics network. Below I will highlight the benefits of each.
RFID- Radio Frequency Identification is defined as a form of wireless communication that incorporates the use of electromagnetic or electrostatic coupling in the radio frequency portion of the electromagnetic spectrum to uniquely identify an object, animal or person. RFIS is widely popular in warehouse setting for hand held picking devices. I have implemented RFID devices into warehouse operations and the results were excellent. Wireless hand-held picking devices helped optimize picking, improve real time ERP inventory and provides more flexibility in the operation.
Cloud Computing – Cloud computing is defined as a general term for anything that involves delivering hosted services over the Internet. These services are broadly divided into three categories: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS). The name cloud computing was inspired by the cloud symbol that’s often used to represent the Internet in flowcharts and diagrams. Software-as-a-Service is popular with software such as Google Apps and Dropbox. The competitive advantage with SaaS comes from the product offering a company can deliver. Most client companies do not want the overhead to support a server that has cloud computing and would prefer to utilize a 3rd party service.
Internet of things – is defined as the interconnection via the Internet of computing devices embedded in everyday objects, enabling them to send and receive data. As I mentioned last week, autonomous cars can be defined as Internet of Things. The competitive advantage comes from the safety and fuel efficiencies. The internet connectivity of the GPS and sensors make driverless cars a product internet of things.