The use of radio-frequency identification technology is quickly becoming one of the significant technologies that a range of organizations adopt to increase their functioning and guarantee better results as a direct result of the inclusion of newly established practices. A substantial contributor to the widespread adoption of the technology in question is the ever-rising standard of quality that customers demand from the available goods and services.
In this regard, the use of RFID technology would be in a position to ensure the reorganization of the operational procedures of a company by the most up-to-date trends. These characteristics stimulate the growth of a company’s image as well as decrease expenditures spent on ancient techniques and equipment. The broad adoption of RFID may be traced partly to the many practical applications developed to illustrate the technology’s potential advantages to operational processes. A few primary concerns are connected with the subject when we think about RFID from a single company’s perspective.
To get things started, using technology solutions can provide a wide variety of new opportunities for the company’s future growth. This is supported by the findings of many research studies on the subject. According to what Smith, Gleim, Robinson, Kettinger, and Park write in their paper, “the technology can perhaps boost organizational performance and enable new business models.” This suggests that YRC Worldwide, like any other company, stands to benefit from and be susceptible to the conditions of the widespread use of RFID in all elements of business operations. This is the case since RFID is becoming more prevalent in all aspects of business operations.
RFID also enables the company to take advantage of new opportunities, some of which may be more alluring than others due to the prospect of more significant results. As a direct result of this, further research into the technology’s potential applications is necessary to provide a credible foundation demonstrating the new strategy’s benefits. This is required since the current method is insufficient.
In addition, a large number of academics believe that RFID technology has the potential to make the shipment of a wide variety of goods easier while also ensuring that these goods arrive at their destinations in a safe and risk-free manner. This is something that is believed to be possible with technology. Consequently, the system’s reputation is boosted, and an increasing number of monitoring organizations begin using it to raise their level of productivity.
In addition, a technology-based strategy can initiate a significant transformation process to rethink conventional methods as a direct consequence of the new opportunities made available due to technological advancement. This possibility exists because the implementation of a technology-based strategy has the potential to kick off a significant transformation process. A new business model must be conceived for businesses to adapt, one that extensively uses various technology breakthroughs like RFID. This is necessary for companies to be able to adapt. Businesses in today’s society are well aware of the potential of the process, which may lead to the development of new approaches and resources. Consequently, a big organization such as YRC Worldwide must be the first to embrace the technology to handle new difficulties effectively.
However, Mo and Pearson point out that even though a wide variety of technological solutions have been presented to address the issue of goods movement, there are still a lot of challenges to be faced in terms of cost, accuracy, and installation. In other words, even though a broad range of technological solutions has been presented to address the issue of goods movement, there is still much room for improvement. RFID might be utilized to avoid these difficulties, making monitoring and detecting locations more precise. As a result, companies whose operations include the distribution, delivery, and transportation of a wide variety of commodities, packages, or cargos may find that the deployment of RFID technology benefits their operations. This is because RFID technology allows for more accurate tracking of items throughout the distribution, delivery, and transportation processes.
In addition, the use of this tool is dependent on its ability to read a broad range of vehicles and process a significant amount of data. It won’t be very effective if it can’t do either. This instrument offers several benefits, one of which is its capability. These qualities serve to contribute to the ever-increasing popularity of RFID technology and contribute to its further spread. In addition, this technology may be utilized to reduce costs, given that it can do various tasks without the need for any other financial investment. As a result, a company such as YRC Worldwide can use RFID to guarantee stable and robust revenues despite the present economic crisis.
On the other side, the proliferation of RFID technology has resulted in a new set of ethical problems regarding the connections between customers and enterprises. The fact is that “many consumers have indicated worry about the invasion of personal privacy and the inappropriate use of information,” both of which might be gained due to the utilization of the new technology. The reality is that “many consumers have indicated worry about the invasion of personal privacy and the inappropriate use of information.”
In addition, a sizeable portion of customers is pessimistic about the possibility of putting cutting-edge technology into practice and its results. This is true both regarding the benefits and drawbacks of employing the technology. However, in most cases, these assumptions derive from a negative attitude toward the technology and a lack of knowledge connected to the critical intricacies of the functioning of the RFID system. People have the misconception that this technology may be used to monitor their actions and track where they are at all times. On the other hand, implementing RFID technology by companies like YRC Worldwide and the subsequent increase in productivity may bolster the technology’s reputation and pave the way for its continued ascent in popularity. YRC Worldwide is just one example of a company that has embraced RFID technology.
Numerous sources, which emphasize the practical nature of the new technology and its enormously positive impact, provide evidence that the positive effect of using RFID technology to improve efficiency and guarantee better results could be evidenced. These sources provide evidence that the positive impact of using RFID technology to improve efficiency and ensure better results could be evidenced. In the big picture, this may point to the existence of a beneficial influence. In addition, the research that was carried out shows that YRC Worldwide and other companies that provide shipping and transportation services have the potential to profit from implementing the technology that was investigated in their business practices.