Procter & assay is pursuing the use of Electronic Product Code (EPC) to ca-ca efficiencies in the supply train. EPC is a way to uniquely get wind a pallet, case or individual product development radio frequency identification (RFID) engineering science. Its similar to forthwiths bar code but with many more than potential uses and benefits. P&G was a installation sponsor of the early research at MITs Auto-ID totality because we acceptedized the enormous potential to improve processes in the broad(a) supply chain - from our manufacturing plants to retail distribution centers to store shelves. The real time, automated, accurate information that EPC generates will benefit manufacturers, retailers, suppliers, and most importantly, consumers. instantlys supply chain systems ar outdated and not meeting the needs of our consumers. EPC offers potential solutions to out-of-stocks, theft and counterfeiting as intimately as reducing inventory levels. We know that out of stocks be higher than we, our retail partners and our consumers want. Today we keep an average of 65 days worth of product inventory which costs us $3 one thousand million a year. Theft and counterfeiting are festering chores as well.
Worldwide theft costs retailers $50 billion a year and counterfeiting is a $500 billion problem globally.
Since the inception of EPC in 1999, we have moved from the laboratory to examen the technology in real world supply chain situations in pilot tests with pallets and cases with retail partners in the US and Europe. The technology is still evolving and we are continuing to learn about EPC. We are working to
solve issues that affect the reliability of the technology to get word information about the product. For example, the speed at which tagged cases and pallets carry on by the readers and the type of products, such as liquids and metallic packaging, cornerstone affect reliability.
Down the road as P&G learns...If you want to get a full essay, site it on our website: Orderessay
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