1.3 Examine the article extract provided below and answer the question that follows: The use of RFID technology for Inventory Management Effective inventory management means efficient control of items in the inventory to avoid either under-stocking or over-stocking. Item tracking hedges against theft or diversion. The standard method of inventory management is using printed bar codes and handheld or fixed scanners to control and track inventory and equipment. RFID technology provides a much more efficient and comprehensive solution. Compulsory Source: Xu, A. 2018. How to use RFID technology for Inventory Management. LinkedIn, 12 June. [Website]. Retrieved from: https://www.linkedin.com/pulse/how-use-rfid-technology-inventory-management-anna-xu/ [Accessed 10 March 2023].

1.3 Briefly describe ten (10) benefits associated when using RFID technology in stock control and inventory management. (10 marks) 1.4 Discuss the three (3) major uncertainties that stock is used to mitigate against. Additionally, to substantiate your answer, conduct research and provide one (1) practical example for each type of uncertainty. (6 marks)

*Note to students - A maximum of one (1) mark may be awarded for accurately discussing each type of major uncertainty used to mitigate against the stock. (1 + 1 + 1 = 3) - A maximum of one (1) mark may be awarded for accurately providing an example of each major type of uncertainty used to mitigate against the stock. (1 + 1 + 1 = 3)