Finding RFID’s Break-even Point
RFID tag costs will cut a manufacturer’s profit margin but also boost sales by reducing out-of-stocks. Here’s a formula for finding the break-even point on tag costs.
RFID tag costs will cut a manufacturer’s profit margin but also boost sales by reducing out-of-stocks. Here’s a formula for finding the break-even point on tag costs.
No one has taken up my bet that end users will be able to buy a 5-cent RFID tag in 2008. Here’s why you might have missed a chance to make some easy money.
Mobile Aspects says end users helped the company drive development of its newest suite of RFID products for tracking drugs, patients and assets in hospitals.
There have been no takers for the RFID Journal Editor’s offer to bet $10K that passive UHF RFID tags will be available for “5 cents in volumes of 1 million or more by the end of 2008.”
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Research firm IDC predicts 47% growth for the RFID services sector in 2004, with the market’s value rising to $2 billion by 2008.
ABI Research of Oyster Bay, New York, lists RFID enabled supply chains in its recently published list of “What Isn’t Going to Happen in 2005.”
Often considered a representative metric for overall industry activity, RFID tag production looks ready to explode in 2005.
RFID technology continued making inroads to the gaming industry last week with the announcement that gaming supply giant Shuffle Master had purchased two patents from Enpat.
Starbucks is considering using an RFID solution to enable stores to receive deliveries from its 40,000 suppliers after business hours.