International Journal of Research in Economics and Social Sciences

  • Year: 2016
  • Volume: 6
  • Issue: 1

Adoption of Information Technology in Retail Industry

  • Author:
  • J Venkatesh1, Bhagaban Das2
  • Total Page Count: 8
  • DOI:
  • Page Number: 171 to 178

1Associate Professor, Department of Management Studies, Anna University, Regional Campus at Coimbatore, Navavoor, Coimbatore-641 046, Tamil Nadu, India

2Professor, Department of Business Management, Fakir Mohan University, Vyasa Vihar, Nuapadhi, Balasore-756 020, Odisha, India

Abstract

RFID is a tracking system that uses bar codes to track items in a store or organization. It helps to ensure operations are cost effective and efficient. Realizing the right value of each asset is critical in the supply chain process. Traditional methods involve significant time and resources to track and manage assets. Ensuring that the right type of RFIDs is used is important. Based on the organization context and need, right RFIDs can be put in use. Smart asset tracking allows businesses to know precisely where the assets are located and their movement in the process is tracked, as well as the asset's physical and environmental condition. These intelligent systems form the foundation for success of retail industry. This paper explains the use of integrated software application with active RFIDs. The features of the integrated software are discussed. The right use of these applications to improve the business process is also highlighted.

Keywords

Active RFIDs, productivity, asset tracking