In: Economics
Strayer U. Week 3
"RFID Technology" Please respond to the following:
From the e-Activity (below), evaluate the use and applicability of Radio Frequency Identification Devises (RFID) in industry today. Choose a company and provide at least two examples of how these devices can be used to improve productivity in its operations.
From the case study, assess the benefits and risks associated with this type of technology that should be considered by Mr. Bracket. Identify at least two possible risks that the company might face and suggest ways to mitigate them.
Week 3 eActivity
Use the Internet or the Strayer Library to research Radio Frequency Identification Devices (RFID) and identify some organizations that you believe are exceptionally innovative. Be prepared to discuss.
Solution -
"RFID Technology" Please respond to the following:
From the e-Activity (below), evaluate the use and applicability of Radio Frequency Identification Devises (RFID) in industry today. Choose a company and provide at least two examples of how these devices can be used to improve productivity in its operations.
The use and applicability of RFIDs in the pharmaceutical industry are used to preserve pharmaceutical drugs. Pharmaceutical drug companies utilize RFIDs for managing of logistic issues. The use of RFIDs also track shipment of products from location to location. Improved productivity reduces waste and costs.
From the case study, assess the benefits and risks associated with this type of technology that should be considered by Mr. Bracket. Identify at least two possible risks that the company might face and suggest ways to mitigate them.
From the case study, the benefits of RFID technology is reduced time in scanning products and misreads. Mr. Bracket will alsobenefit from less frequent audits, quickly locating inventory of products, and lost or stolen products. From the case study Mr. Bracket the risks associated with this technology reduced creativity from employees and implementation of the barcode scan to RFID Two possible risks the company might face are the integration of the bar code scanning to the RFID technology, and less opportunity for employee creativity and empowerment.
Use the Internet or the Strayer Library to research Radio Frequency Identification Devices (RFID) and identify some organizations that you believe are exceptionally innovative. Be prepared to discuss.
The design of a good or service remains crucial in facilitating the level of viability of the asset in the market by customer needs and demands. Several steps are involved in the design of goods and services. The steps include planning that involves the generation of the design strategy, concept development that involves the analysis of the target market. Testing screening includes the introduction of the product to the market, which remains crucial in analysing the reception of the product. Business analytics identifies the fourth stage, and it involves monitoring the level of product efficiency in the market.