RFID technology presents a great potential for creating competitive advantage. By automating
and simplifying data collection it lets users more accurately track assets and monitor key
indicators which in turn gives greater visibility to the operations. However the benefits
received from this technology will be determined by how well it is integrated with the business
processes and overall information flow. Because of the fact that the decision to deploy RFID
technology in an enterprise is a business decision instead of a technology decision
cost-benefit analysis is a key component of this decision. If an RFID deployment cannot be
justified in terms of its economic value to the company it is not likely to help the company
and consequently it is not likely to remain a viable deployment over the long term. The Value
of RFID describes the business value of RFID and explains the costs and benefits of this
technology comprehensively. Different investment evaluation models are proposed to use in
various application areas. Techniques to guide the selection of appropriate implementation
levels and to handle uncertainty and risk in RFID are explained. Written for researchers
undergraduate and graduate students and lecturers working in the field of RFID and supply
chain management readers will learn evaluation practices for RFID investment for different
application areas. The book also guides managers in making to accurate decisions on RFID
investment to maximize the return.
