Abstract
Nowadays all links of the entire supply chain need to integrate their different infrastructures and they have better control of them to drive better profits. This integration should offer the ability for companies in order to have an overall and transparent insight to its supply chain activities. An intelligent supply chain which is mainly supported by Smart Items technology can satisfy the need of those integration. By means of Smart Items, a company can benefit some advantages. Those are cost reduction and value creation. However, currently there is no comprehensive Smart Item infrastructure exists yet so it is difficult to calculate the true benefit information. This paper attempts to recommend a model for estimating the benefits of implementing Smart Items in a company which has an integrated supply chain process. The integrated supply chain means that three echelons (supplier, shipper and retailer) of supply chain are belonged to a company. The proposed model was used to determine the shrinkage value and RFID tag price which can give the maximum benefit of Smart Items implementation. A numerical example is also provided to give a better comprehension on model calculation.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: IOP Conference Series: Materials Science and Engineering
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
