How do companies use the EPC data to become more efficient and more profitable?

How companies use EPC data and the EPCIS will be up to them, just as it’s up to them to decide how they want to use the Internet. But the EPCglobal has hosted committees of end users in specific industries to create the framework for what data will be collected and shared and what software codes will be associated with tag reads to provide context for the RFID data. For instance, the fast-moving consumer goods industry worked with Walmart and Target to develop standards for sharing data about the movement of consumer goods through the supply chain. The goal was to reduce safety stocks in the supply chain and out-of-stocks in stores. Greater visibility of the movement of goods both within a company’s four walls and in the supply chain will lead to greater efficiencies and profitability.

Posted in: The Electronic Product Code