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One-Year ROI on this RFID Project
Snack maker Jack Link expects to achieve a return on its RFID investment in less than one year, a huge feat in this atmosphere of short term ROI-lessness.
Oct 14, 2004—This article was originally published by RFID Update.
October 14, 2004—Snack maker Jack Link expects to achieve a return on its RFID investment in less than one year, according to the company's VP of operations. In an atmosphere where many suppliers resent the costly and ROI-less RFID adoption imposed upon them by retailer mandates, Jack Link's story is notable not only because of its bold ROI predictions, but because the company isn't even one of the "Top 100" suppliers mandated by Wal-Mart to comply by January 2005. As part of Wal-Mart's Top 200, the company has all the way until January 2006, but it decided to embrace RFID earlier for reasons other than just mandates: it saw RFID as a way to meet increasingly rigorous federal regulations regarding the tracking of meat products, and it wanted to increase its supply chain visibility. The company will invest $48,000 across the project's four phases and expects that the final implementation will vault the company from a maufacturing-focused firm to one that leverages supply chain management to increase efficiency, enhance sales projecting, and streamline business processes. Technology partners on the project include Avery Dennison, SAMSys Technologies, ABC Computers, SATO America, and Microsoft.
Read the article at eWeek
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