Knowing the level of inventory is an important part of any inventory management system. In this discussion, you will consider whether radio frequency identification technology (RFID) is the next solution to improve inventory and supply chain management.
Read the section “RFID: The Wave of the Future” from your textbook (p. 613). Respond to the following:
• What problems might occur with the full implementation of RFID technology in retail industries? Specifically consider the amount of data that might be collected.
• What factors make managing inventory more difficult for exporters and multinational companies?
• Why is inventory an investment?