New supply chain management methods using radio frequency identification (RFID) and global positioning system (GPS) technology are quickly being adopted by companies as various inventory management benefits are being realized. For example, companies such as Nippon Yusen Kaisha (NYK) Logistics use the technology coupled with geospatial support systems for distributors to quickly find and manage freight containers. Traditional supply chain management methods require pen-to-paper reporting, searching inventory on foot, and human data entry. Some companies that prioritize supply chain management...
New supply chain management methods using radio frequency identification (RFID) and global positioning system (GPS) technology are quickly being adopt...