Afolawemi Afolabi

 IE 673-001

 Pack ID IE673-Fall 2008-70-18

Collaborative Audit

NJIT ID:-210-85-220

 Class taken: Live

 

 

Collaborative Audit

of the

INVENTORY Management

 

Final Report – Submitted on  December 13th 2008 by

FQPT Management and Raki’s Ultra Vision Management

 

Introduction

 

Audit Report relates both “good news” and “bad news.”for a for-profit company or public agency, this  We – the Collaborative Audit Committee and the coordinating Center for Inventory management – strongly affirm that independent audits provide information that will allow it to move forward with clear knowledge of  successes, and also of problems that need to be rectified. In the Inventory context, audits permit the identification of problems with Ineventory managerial systems or technology, such as with Bar codes or RFID, and thus allow Management to develop an effective action plan for improvement. Proposals to Inventory Management may raise internal objections because problems may be discovered that otherwise might remain hidden.

Both FQPT Managementand Raki’s Ultra Vision Management  performed collaborative audit and agreed upon conclusive results on RFID system and utilize the technology so that the Inventory Management is made easy

 

 

AUDIT Summary

This shows the summary of the audit

Trends in RFID

• RFID use will spread to open environments

• RFID to support collaborative  processes

• Rising interest in RFID security mechanisms

• Need to keep costs at an acceptable level

Motivations for a Trusted RFID Reader

• Identification vs. Authentication

– Need to authenticate goods

• Increase in Open-Loop Systems

– Multiple parties without strong established trust

• Privacy and Confidentiality

– Protecting consumers and business intelligence

• Supply Chain Integrity

– Operating critical processes

• Increase in Secure Tag usage: Key management

– Enabling scalable deployment of secure RFID tags

 

 

The RFID technology is very useful in each and every department of company and especially it is the most effective in production and materials department.

So, RFID is implemented in 2 ways as per the requirements.

     1)     RFID technology for semi finished/work in process parts:

We added RFID tags to all pallets, material handling equipments which carries/ contains works in process parts. Now we made some changes in writing description of the material. We have included the number of pallet, in bold weight, which is encoded in the memory of RFID tag. Now to trace the work in process parts is very easy.

2)     RFID technology for finished parts/assemblies:

     In this we added RFID tags either on bottom of part or bottom of packaging box of part/assembly as per availability of space and we encoded the description of part/assembly in RFID memory. Due to this, system traces the location of part. It again helps to verify the path of progress of finished/part assembly i.e. quality control department, warehouse, cross docking etc.  

 

FURTHER WORK NEEDED/ PROPOSED

                    The continuing improvements and further product development suggests new research and more study. In addition, a shift to  will help in seeking future solutions and improvements for the coming years. 

 

REFERENCES & BIBLIOGRAPHY

 

- Research Supplements provided by Prof. Paul G. Ranky

- e-Learning Pack, prepared by Prof. Paul G. Ranky

- CIMware USA website, http://cimwareukandusa.com

- The Most Resourceful Encyclopedia on Internet, http://www.wikipedia.org