Unchaining the Value of RFID
How closed in(p)-loop systems provide flexibility and fast ROI
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Executive Summary
For organizations that have additions that are hard to find, the benefits of RFID are easy to see. The return on investment (ROI) for RFID comes from reducing the sentence and labor required to way assets and materials, reduced losses and theft, probable improvements to maintenance operations, and improved efficiency through better asset availability and utilization. These benefits are typical of closed-loop applications and dont require participation from suppliers and customers. disdain the headlines generated by retail and supply chain projects, RFID is much more(prenominal) widely used for asset management and other closed loop applications, as Figure 1 illustrates.
Figure 1: Top Objectives of RFID Initiatives in Manufacturing
Finished Goods Inventory Control mandatory Compliance Raw Materials Management Supply Chain visibility Production Efficiency Asset Tracking
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Source: Aberdeen Group 2007 bench mark Report: RFID in Manufacturing
As Figure 1 shows, RFID is enforced more than four times more often to track assets than it is for compliance or supply chain visibility. Asset introduce is a leading RFID application because the resulting process improvements provide several(prenominal) of the clearest business benefits and fastest-documented ROI for...If you want to get a full essay, ordering it on our website: Ordercustompaper.com
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