The number one issue holding back RFID deployment is the misconception that RFID cost too much and they never return value. RFID-enabled supply chains and the companies’ needs to understand how RFID changes the decision-making and supply chain dynamics.
RFID is sold to most companies under the assumption of anticipated savings on labor, operation efficiency improvements, and shrinking inventory levels. Well are these good items to base your ROI on? NO they are not, if your processes are that broken that a simple deployment of a tool like RFID can return $50,000 to $500,000 in savings then you could save more money just fixing them first place and use RFID for much more important and harder to solve problems.
RFID will return much larger benefits in decision making, line balancing, customer satisfaction, quality, and So Much Mor. .Ask for our White paper on the True ROI of RFID.
Byron
This led several organizations to investing in research and development projects for deriving the maximum benefit as promised by RFID, with a few succeeding and many others failing.
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