Making the Case for RFID
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There are two major reasons for adopting RFID:
- Mandated compliance or
- Business case justification
Mandated Compliance
Wal*Mart, Target, the Department of Defense (DoD), Albertson’s, Metro, Marks and Spencer, Tesco and many others have announced their use of RFID technology to enhance product visibility. To participate in these supply chains, partners and vendors are obligated to apply a RFID system consistent with their clients’ standards.
Business Case Justification
RFID offers an evolutionary leap forward with its potential to improve several areas of operations including process efficiencies, greater asset protection and visibility, supply chain management, error reductions and overall competitive posture.
Turn a mandate into an opportunity
If your organisation sees RFID as a matter of compliance, consider seizing the issue as an opportunity for improved performance. After all, mere compliance burdens you with additional shipping expenses without giving you all of the new technology benefits. The same printers, readers, tags and systems needed to satisfy mandates may be applied to a variety of other applications. Now is the time to consider using RFID to improve inventory, warehousing, distribution, logistics and security.
RFID technology can greatly benefit supply chain management, asset tracking, access control, authentication, maintenance recording and work-in-process applications. To determine whether RFID is advantageous to your organisation, examine those areas where the technology would provide a direct quantifiable return on investment, including:
- Non-revenue generating activities
- Throughput and process efficiencies
- Environments with high levels of shrinkage
| GET OBJECTIVE ADVICE In many instances, it makes sense to consult with experts in business process and RFID applications to objectively identify where efficiencies can be gained in real-world applications. Outside agents give you an important advantage: freedom from bias, an ability to match technological capabilities with process optimisation across multiple business verticals. Their independent recommendations can help you optimise return on investment and company-wide efficiencies and, at the same time, eliminate silo applications that represent a drain on profitability (e.g. slap and ship practices).
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