Small, Medium-Sized Businesses Turn Towards RFID

Aug. 8, 2005
Taking clues from the successful implementation of RFID by medical and retail companies, small and medium-sized businesses (SMBs) are looking more seriously at how RFID can add to the bottom line, according to the Information Technology Solution ...

Taking clues from the successful implementation of RFID by medical and retail companies, small and medium-sized businesses (SMBs) are looking more seriously at how RFID can add to the bottom line, according to the Information Technology Solution Providers Alliance (ITSPA). Dallas-based ITSPA is an alliance that helps SMBs understand how technology can help them succeed.

"RFID solutions adopted by medical and retail enterprises integrate seamlessly with workflow and business process automation software," said ITSPA President Russell Morgan. "This trend is encouraging SMBs to turn their focus to RFID technology and how it can potentially reduce and even eliminate inefficiencies in the supply chain that cost millions of dollars each year."

Last year a Gartner Dataquest study reported that 49% of "inventory-intensive" SMBs in the U.S. will have a wireless tracking solution such as RFID by the end of 2005. The study also revealed that RFID could reduce location errors by 90%, increase productivity by 12-15% and decrease inventory-counting time by 40%.

ITSPA offers tips for those seeking out RFID technology solutions:

  • Be informed: Learn what other manufacturers are doing.
  • Investigate ROI: Do a cost benefit analysis as RFID can be expensive.
  • Partner with Solution Providers: Work with the pros.
  • Have a long-term view: Standards are changing and the field is growing quickly.

Information Technology Solution Providers Alliance

Interested in information related to this topic? Subscribe to our weekly RFID eNewsletter.

Popular Sponsored Recommendations

Discover How an Eye Tracking Study Improves Training Procedures

Oct. 29, 2023
Did you know that your training processes can be streamlined by visualizing and analyzing key skills within your employee base? Find out how we use eye tracking to capture advanced...

Discrete and Process Manufacturing 2024 Trends and Outlook for North America

Oct. 29, 2023
Manufacturers are reaping the benefits of automation and cloud-based solutions. Discover what is driving today's industry trends and how they can shape your growth priorities ...

Gain a competitive edge with real-world lessons on private 5G networks

Nov. 16, 2023
The use of private networks in manufacturing applications is rapidly growing. In this paper, we present valuable insights and lessons learned from the field with the goal of enhancing...

You Cannot Stay Competitive by Bolting New Technologies to a Legacy ERP

Oct. 20, 2023
Read this white paper to understand the benefits of shifting to a next-generation ERP system as part of a DOP.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!