Impact of using RFID Technology in Improving the Supply Chain Management

Abstract

In the last five years, there has been an increased focus on Supply Chain Management (SCM) as a competitive weapon due to the significant effects that supply chain activities have on all elements of an organization’s financial performance, including operating performance and costs, revenue growth, as well as a growth in the asset management. The impact of facilities and information drivers on the supply chain strategy (efficiency and responsiveness) has turn out to be a subject of investigation as well as for the professional practices.Theoretical and practical understanding on the supply chain strategy was considered as inadequate in Pakistan as so far the research had been descriptive mostly. Encouraged by the lack of research and variety of benefits, the goal of this study is to see the relationship among the facilities and information drivers with the elements of the supply chain strategy i.e. efficiency and responsiveness. A quantitative methodology had been used to furnish this research work where professional networks and online approach was undertaken. Information in this matter was collected from logistical companies of Pakistan. In these organizations information was gathered from the officer to senior level managers working in the procurement, logistics or supply chain management. However, collected information was analyzed by applying various tests based upon the findings of the analysis, it was determined that the facilities and information have a positive impact on the supply chain strategy of the logistical companies of Pakistan.