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Market Size
by Anita Campbell on December 15, 2005

"One of the biggest tragedies of RFID was that when it was introduced it was called the next barcode," says Jeff Woods, a Gartner research vice president and author of the report. "People looked at where barcodes were being used and tried to supercharge those processes with RFID. It turns out that replacing barcodes is actually one of the hardest processes for RFID to make a successful business case." This is because barcodes are extremely cost-effective and easy to grasp when implemented as inventory identifiers in structured settings like warehouses, while the true benefit of RFID--real-time tracking of movable assets in chaotic environments--is largely wasted in those cases.
* * *
Woods identifies the settings where RFID is best deployed as those where it's important to be able to locate an asset quickly, easily, and accurately, regardless of whether it is in sight. "The trend we've seen in business cases is that there are two characteristics that make great implementations," Woods says. "These are mobile Asset Tracking and business processes for chaotic environments." One example is a hospital ER, "where it's easy to lose track of a wheelchair or an IV pump," he says. The FDA also has found a place for RFID in fighting counterfeiters and black marketers, and the DOD has been a major driver of RFID technology adoption for logistics and asset tracking.
The report goes on to note that the RFID market is expected to grow to $3 Billion worldwide in five years (by 2010).
Apparently from spending on those inventory applications that are a waste. Heh.
UPDATE: Reader Timothy Plakhty writes that he has translated the Destination CRM article into Russian. Go here for the Russian text.
Permalink: RFID Supply Chain Applications A Big Waste?
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/12378
Mr Wong
Vote for RFID Supply Chain Applications A Big Waste?:
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Rating: 10.00 out of 2 vote(s) cast.
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Response from:
Timothy Plakhty
(12/15/05 11:57am)
I have translated tha article from www.destinationcrm.com into Russian...
Response from:
/pd
(12/16/05 1:59pm)
Not sure if this assessemnt is correct or not. With the DoD mandate of 2007, this spending will be bigger then 3b mark by 2010. The risk Managment strategy the world will become highly dependent on that type of technology.. it will grow and grow fast once this happens it will be like a floodgate. Btw, china should not do their own coding that is not EPC stds !!
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