For businesses that manufacture aerospace, pharmaceutical or other high-value items, even a single component built into a product can be worth tens of thousands of dollars. Losing track of a basket filled with parts can thus be extremely costly, due not only to each component's cost but the potential loss of production time if assembly is delayed. The solution may be RFID technology, according to Marlin Steel Wire Products, a producer of custom wire baskets and other metal products.
So often our discussions about supply chain center on arcane details and limited stakes. Production delayed? Get ready to pay more for expedited transportation. Lost a supplier? Might mean empty shelves at the supermarket. Life goes on.
Tufts Medical Center, a 415-bed teaching hospital in Boston, has saved $1.5m on stents, angioplasty balloons and other implantable devices, based on information provided by a radio frequency identification inventory-management system deployed within its catheterization, electrophysiology and interventional radiology laboratories.
HighJump Software has forged a strategic alliance with Speech Interface Design (SID) to provide voice-recognition technology to distributors and manufacturers.
I.D. Systems Inc., a vendor of wireless technology for managing high-value assets, has introduced a tool for providing insights into the performance of industrial vehicles in manufacturing and distribution facilities.