Wednesday 28 February 2007

RFID and risk management in retail

In the retailing industry, http://www.dcs.bbk.ac.uk/~gr/pdf/roussos_v1.4.pdf, George Roussos suggested that risk management would be the preferred mechanism for implementation. Efficient Consumer Response (ECR) Initiative has been a success in the EU (he wrote). Besides, Vendor Managed Inventory (VMI) approach is also considered as something viable towards implementing RFID in retailing. A good article for my further technical understanding in the EU, especially on ECR and VMI.

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