Pricing Based on Real-Time Analysis of Forklift Utilization Using RFID in Warehouse Management

Abstract

Radio frequency identification is an automatic identification technology that is used in various applications. Despite many academic and theoretical studies have been conducted about this technology only few of these studies have concentrated on application problems in real life. Therefore many of these theoretical studies cannot be of help to practitioners directly. In this study to realize such an objective, in order to price forklift operations used in handling operations in logistics warehouse management a new approach that works with RFID technology is presented. The proposed model has been used in tracking of forklift movements at the warehouse of a firm active in logistics sector and has been tested. The results obtained from the case study have shown that developed system can be successfully used in price determination of forklift movements in warehouse management. Although the case was small, the proposed approach works well to follow real time forklift movements and produces encouraging and meaningful outcomes pricing determination for future warehouse management policy.