Abstract
The advancement of RFID technology has been viewed by many as one of the most beneficial developments in the business world. Furthermore, the progress in this technology has motivated software and hardware manufacturers to leverage RFID capability and drive the adoption of RFID in the data center market. RFID technology holds promise in transforming supply chain management by providing real time intelligence for tracking enterprise assets. As it stands, the objective of RFID is to manage the entire life cycle of an asset by determining the time of initial asset acquisition, the asset's physical location, the asset's movement within a data center and the time of the asset’s ultimate decommission. In addition, RFID is also capable of managing the motion of devices in and between data centers thus enhancing the ability to forecast data center capacity. Although data centers has been readily adopted and implemented in commercial sectors such as the retail environment, its introduction and implementation in the financial market sector has not occurred with similar speed and enthusiasm, suggesting presence of some reluctance. However, financial institutions are being under pressure from clients in order to provide real-time financial data and are looking at data centers integrated with RFID based supply chain systems for this purpose. The motivation for the present study arises from the growing body of literature which has examined the contribution of RFID supply chain systems in data centers and the motivation of financial institutions to use these data centers in order to become more competitive in the market. The paper asks the questions whether the RFID based supply chain systems in data centers can help to improve the performance of financial institutions.
Highlights
There has been much discussion in the last couple of decades around the topic of Radio Frequency Identification (RFID) and supply chain systems
The motivation for the present study arises from the growing body of literature which has examined the contribution of RFID supply chain systems in data centers and the motivation of financial institutions to use these data centers in order to become more competitive in the market
Will RFID based supply systems in data centers improve the performance of financial institutions? RFID is a powerful technology that can offer organizations increased visibility for greater operational efficiency
Summary
There has been much discussion in the last couple of decades around the topic of Radio Frequency Identification (RFID) and supply chain systems. RFID can be best described as a system of identification in which an electronic device uses radio frequencies or magnetic field differences to communicate. Projects and proof of concepts are being conducted with the hope that RFID based supply chain systems will bring potential benefits in the management of supply chains within data center operations. For our purposes we define a data center as a “centralized repository” which can hold different types of equipments ranging from computers, servers, data storage devices, switches, routers, cabinets, racks, and technology related equipment. Present day data centers are increasingly complex environments, making it imperative that C-level executives (Chief Information Officers, Chief Operating Officer, or Chief Executive Officer) responsible for these data centers possess a clear grasp of their business so that they can deliver consistent results
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