Usage of RFID Technology in Supply Chain: Benefits and Challenges

In today’s supply chain, the technology of RFID is become significantly important. Many researches have been published several articles over RFID. In this research, we have examined the major challenges, which faces by companies during implementation phase as well we also discuss the fruitful benefits of this technology’s blessings. RFID is consider as a backbone for information sharing process in supply chain; because real-time information sharing plays a vital role in supply chain, and due to the latest information and real time information, companies can minimize their upcoming risks and maximize the profitability of supply chain end-to-end. Some risks including; bullwhip-effect, accurate scheduling and forecasting. As well there are remaining several benefits attached with RFID’s technology including; inventory reduction, fulfill to customer demand/ customer service and satisfaction etc.