An Overview of RFID Technology in Field Material Transfer Management

Abstract

This paper aims to evaluate applicability of Automatic Identification and Data Capture technologies, Radio Frequency Identification (RFID) technology, for Field Material Transfer (FMT) and Materials Management processes (MMP) of an Oilfield Services Company with problems identified in accuracy, timeliness, and reliability of data in the company’s inventory management. This study will examine some of the key challenges and risks on adoption of RFID technology for the company, through evaluating return on investment (ROI), technical systematic integration processes, and partial or phase implementation strategy to achieve benefits while addressing gaps for FMT and materials management process. The research examines at the current process flows and gap areas, reviews the existing RFID tools and applications via current research and established physical supply chain theories, and proposes possible solutions with applicable RFID techniques and structures for the company, as well as potential risks and challenges that the company may face in application of the RFID technology.