The Rockville, Md.-based company said the updated software, which is intended to help manufacturers coordinate the production of goods, can use data radio frequency identification (RFID) systems collect to closely monitor the delivery of merchandise and supplies to factories, warehouses and stores.
RFID isthat uses tiny devices to monitor the location of all kinds of objects--everything from car tires to clothing. Major retailers and consumer goods companies, including Wal-Mart and Gillette, have been testing the technology for the past few years and are just beginning to deploy it more broadly.
RFID is being hailed as athat promises to reduce labor-intensive manual inventory scanning and tackle perennial business problems such as shoplifting, inventory shortages and logistical errors.
Manugistics--which competes with i2 Technologies, Oracle, PeopleSoft and SAP--said the new RFID-ready software is part of its "adaptive planning" programs, a set of applications that are designed to detect and resolve logistical glitches. The company cited recent and the as one of the reasons it is focusing on this emerging area.
Industry experts estimate that demand for RFID-related products and services will create a new $3 billion to $10 billion market in the next five years. Seeing dollar signs, many information technology companies are making RFID a focus of their research and development efforts.last month. Others hoping to tap the anticipated wave of RFID technology spending include Accenture, Hewlett-Packard and Sun Microsystems.