What Is RFID Technology? Explain Why It Is Used and How

question 13

Essay

What is RFID technology? Explain why it is used and how it works,and describe the main implication of this technology.

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Definitions:

Bullwhip Measure

A metric used to quantify the increase in fluctuation at higher tiers of a supply chain caused by small changes in demand at the consumer end.

Bullwhip Effect

A phenomenon in supply chains where minor fluctuations in demand at the retail level cause progressively larger fluctuations in demand at the wholesaler, manufacturer, and supplier levels.

Bullwhip Effect

An occurrence within supply chain management where minor changes in retail demand lead to increasingly significant changes in demand for wholesalers, distributors, and manufacturers.

Dampening

The process of reducing the amplitude or intensity of fluctuations or oscillations in a system or signal.