Read the following situation and answer the given questions The field of business operations and management is
Read the following situation and answer the given questions
The field of business operations and management is becoming more competitive in recent years, which makes many companies increasingly interested in developing new management systems in order to stay competitive in managing their business operations. Such competitive advantage can help companies to become more successful. In terms of business operations, companies are re-examining their supply chain management system in order to identify opportunities for improvements. Traditionally, inventory systems have been managed manually and independently from other business units, which caused the lack of communication between inventory information and controllers. However, in recent years, many companies start to embark on new inventory management systems that utilize the latest technology. This trend has been steadily growing in various applications in many industries, such as the airline industry, cattle industry, construction, logistics, healthcare, and manufacturing. In this case, proposing the use of a new inventory system that utilizes RFID technology in inventory management. This describes the development of an automatic inventory control system using RFID for a typical supply store which was chosen as the case study in this research. In order to explain the detail of how the proposed system works; the development process of the system will be discussed in detail. Firstly, we identified problems that were faced in managing the supply store. Then, a new inventory system using RFID technology was developed to overcome these problems and to provide a better inventory control. Finally, we conducted a pilot test to evaluate the system performance in terms of its efficiency, effectiveness, reliability, security and cost justification.
1. Analyze the implementation and working principle of RFID for the above case study.