As of 2014, only 29.4% of manufacturing managers have visibility to real-time asset data.
Many managers estimate their inventory accuracy at 80%.
Research suggests that number is closer to 63%.
RFID Technology gives managers accurate, real-time inventory visibility.
But how does RFID deliver ROI?
1 – Avoid chargebacks
2 – Recover shipping assets
3 – Reduce manual count time
4 – Slash safety stock
5 – Accelerate accounts receivable
6 – Minimize Shrink
RFID technology allows companies to create detailed audit trails for individual products, tools, and equipment.
Supply chain cost reduction: 3-5%
Average revenue increase: 2-7%
“Although RFID implementations are not without costs and risks, typical companies in manufacturing, warehousing and distribution and retail have been known to achieve 200% ROI or more from these projects.” -Tom Pisello, author and entrepreneur
Installing systems that leverage the capabilities of RFID is a complicated process.
Partner with the SMS Group. Our passion is data collection and integration—bringing you the tools that bring clarity to your business.
Our RFID experts are ready to assist your company in making the most of this powerful technology. To learn more, call 937-498-2700 or visit us at www.thesmsgroup.com.
Did you know that less than half of manufacturing managers have access to accurate, real-time data about the location and status of their assets and inventory? In manufacturing, as in other industries, inaccurate information can cost you.
RFID is a proven technology designed to deliver accurate, real-time inventory visibility. Its capabilities are impressive, but its most important feature is its impact on your bottom line.
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