RFID Is Slowly but Surely Making Its Way into Distribution and Supply Chain

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RFID (Radio Frequency Identification) has been gaining momentum in distribution and supply chain since Wal-Mart and the Department of Defense announced that they were going to begin using it over 8 years ago. While it has taken time to spread throughout the industry, mostly due to costs, 2010 will be seen by many as the year that RFID finally started taking off.

Over 1 billion EPC (Electronic Product Codes) tags were sold which was over double what was purchased in 2009. While retail might have been the big take off with RFID in 2010, other industries like pharmaceuticals are seeing strong growth.

So what does this all mean? Many technology advancements were seen in 2010, such as off the shelf readers offered in a variety of forms and different price points. Where we once had two choices for readers there are now many which increases the adoption rate of RFID at a much faster pace. With this growth there has been an increased interest in investment dollars to RFID research which will help to drive even more advancements in technology and in turn, help to drive costs down and make this technology even more adoptable. In the past 8 years tag prices have come down 10 times in price, read rates of the tags are much more reliable, and the installation of these systems have become more routine. All these signs point to an even further expansion of RFID in 2011.

We here at BIO Analytics can tap into RFID within any SQL database. We can combine that data with other financial and operating data for richer, more robust analyses.  BIO Analytics, Corp. provides business intelligence solutions for Microsoft Dynamics® GP, Microsoft Dynamics SL, and Microsoft Dynamics NAV. Contact us to learn more about our business intelligence solutions.

By Sandi Forman of BIO Analytics, Corp., Microsoft Dynamics Business Intelligence Solution Provider

BIO Analytics Corp. provides business intelligence software and services for Microsoft Dynamics. Visit our website to learn more and to view demos.

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