RFID Journal Staff asked 5 years ago Is it evaluated by time and quality, or has a specific set of matrices evolved over time for various solutions?
—Cynthia
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Cynthia,
There are different ways to measure a radio frequency identification deployment. It all depends on what you are trying to achieve.
Retailers measure improvements in inventory accuracy, reductions in out-of-stocks, decreases in shrinkage and increases in sales due to better on-shelf availability. Health-care firms often measure boosts in asset-utilization rates, improvements in inventory management for implantable devices, and more accurate billing for equipment used and services rendered. Manufacturing companies benefit from increased visibility of work-in-process, better inventory management and improved shipping accuracy. Logistics firms, meanwhile, often measure improved inventory accuracy, better on-time delivery performance and fewer shipping errors.
Since there so many ways to use RFID to improve the ways in which companies do business, there are many ways to measure the benefits. In building your business case, you should identify the areas in which RFID might save your company money, or enable you to deliver better service to your customers, then define ways to measure success so that you can determine how well the system is performing.
—Mark Roberti, Founder and Editor, RFID Journal
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