The many benefits of RFID technology make it possible to build a solid business case for its use in different industries and for different applications.
Higher Productivity
Data collection can be a by-product of other activities, eliminating the need for effort in form filling. Identifying products using RFID is quicker than barcode scanning or manual entry of product details.
Improved Quality
Using an RFID approach means data can be captured rapidly and accurately. Electronic data collection with RFID avoids data transcription errors and avoids missed items when used to collect data on large numbers of items at once.
Reduced Capital Costs
RFID technologies help to lower costs by providing better control of stocks or assets. They can help keep track of business assets such as test equipment, transport packing, computing technology and other portable devices.
Improve Security
Access control systems using RFID contribute to improved security of business premises. RFID tagging of stock and assets makes it easier to track inventory shrinkage and tags can be used to fight against product counterfeiting.
Increased Revenues
By offering improved information on product movements to customers using RFID can provide a service that creates competitive differentiation and promotes increased customer satisfaction with the opportunities for higher sales.
Shorter Processes
Because RFID technologies can be integrated with other manufacturing or supply chain technologies (automated pallet handling, stock picking systems, etc) the time from order to despatch and delivery can be reduced.
Improved Compliance
Using RFID to control when devices have been inspected or to restrict their movement can form part of a strategy to address health and safety issues or to satisfy insurers or regulatory bodies that processes are being followed.
MANAGEMENT INFO
Because RFID allows data to be captured in real-time as stock or assets are moved detailed, up-to-date, management
information is available for planning and operational management purposes.