SWOT+Analysis

(already done, have to link the page...add/edit) after info is in there)

SWOT Analysis is a strategic analysis of organizations Strengths, Weaknesses, Opportunities, Threats. Organizations integrate this type of analysis when they are in pursuit for an objective. SWOT involves monitoring the marketing, internal, external environments outside the organization.

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APPLICATION OF SWOT TO RFID
RFID refers to Radio Frequency Identification, this technological innovation uses radio waves to identify specific information embedded to the RFID tag. This automated identification system allows for tracking and automation on the selected item. RFID tags work along side with a tag reader and also the infrastructure to support the system both hardware and software.

Strengths


 * Lowers operating costs
 * Improves Supply Chain Management by computerizing manual processes
 * Increases revenue
 * Saves costs that would normally be used on stacks of paper
 * Allows companies to integrate Just In Timer Inventory
 * Shelves are always stocked
 * No Human Intervention
 * Does not have to be visible to be readable
 * Instant information can be made available to management about when shipments arrive and what they contain without opening the package
 * Decreases theft

Weaknesses

 * Expensive costs .20 cents a tag
 * Privacy issues

Threats

 * Privacy/security issues
 * Sharing vital information with suppliers
 * Viruses

Opportunity

 * Can create immense competitive advantage
 * Can allow for research and development to go in other areas of technology i.e. airline companies can potentially save billions for proper tracking of bags


 * __Works Cited__**

Geiger, Anthony, Jeneeya Suwal, and Michelle T. Gray. "RFID Technology." 2 Dec. 2006 .

"RFID- a Revolution in Asset Management." __Symbol__. 1 Nov. 2006 .