Feb 22, 2005This article was originally published by RFID Update.
February 22, 2005—Raytheon, the enormous defense contractor based in Waltham, Massachusetts, has calculated that it can save almost $250,000 each year by deploying an RFID equipment tracking system. That sum was calculated based on a successful pilot the company had been running with middleware provider RedPrairie and integrator RadiantWave to monitor the location of equipment as it moves across the company's corporate campuses. The system was deployed to reduce theft and misplacement and the time and labor costs of manually tracking equipment. With RFID readers stationed in key points around Raytheon premises, the company can monitor in real time the location of equipment as well as generate notifications of irregularities. According to one test, the system has proved seven times faster than the manual method currently in use.
Raytheon isn't the only big name predicting RFID ROI. Last week we wrote about Tandy Brands, accessory manufacturer and Wal-Mart supplier, who is certain of achieving long-term ROI from its RFID deployment.
More about the Raytheon pilot at Frontline Solutions
