Benefits of RFID
Reduction of supply chain shrinkage - Opportunities for reducing shrinkage within supply chains as a result of diversion of goods or losses are ostensibly in the region of 50% at case level and between 10-15% at pallet level
Sortation of items - Opportunities for enhancing item sortation processes, such as those encountered in clothing manufacture and distribution, wherein time and associated cost savings of greater than 40% may be achieved
Flexible manufacturing - Opportunities for more item-specific manufacturing operations to be performed using automated read and control functions to achieve more efficient processes, wherein process improvements of greater than 10% may be achieved
Item identification in condition monitoring - Opportunities for improved identification of system components and tools for conditioning monitoring purposes, wherein the management may be achieved more efficiently with potential cost savings greater than 10%
Reductions in inventory - Opportunities to reduce inventory by more than 5% or more in appropriately selected circumstances
Improved asset management and maintenance - Opportunities for improved management and utilisation of assets, such as reusable containers, wherein savings in time and associated cost and maintenance could be greater than 10%
Enhanced field services - Opportunities for location, plant and item tagging that can facilitate more efficient and effective field maintenance and support services, wherein savings in time and associated costs could be greater than 20%
Labour and more efficient time-and-attendance management - Opportunities for improved labour management and associated costings yielding savings in excess of 20%