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Report in a Nutshell

Radio Frequency Identification (RFID) is rapidly becoming a cost-effective technology. This is in large part due to the efforts of Wal-Mart and the Department of Defense (DoD) to incorporate RFID technology into their supply chains. In 2003, with the aim of enabling pallet-level tracking of inventory, Wal-Mart and DoD issued the same mandate to its top 100 suppliers. This drive to incorporate RFID technology into their supply chains is motivated by the increased shipping, receiving and stocking efficiency and the decreased costs of labor, storage, and product loss that pallet-level visibility of inventory can offer.

RFID now became a tool for helping visibility, but that feature does not stand alone as a defining characteristic. The ultimate value of RFID is the knowledge it provides, which must be integrated with other valuable information in cross business communication systems. Practitioners want to know not just where their products might be but how that knowledge can be used to be more effectively in their business processing and eventually to sell more products.

The real benefit will come when RFID is integrated as part of a drive for supply chain optimization, full network connectivity, and ERP-to-ERP communication that tells the business partners what the supply might be, where it is, and how it can be brought to the point of need, in quantities that match the actual demand. When it also helps in the data analysis that leads to generating new revenues, the cake will be iced. In short, the use of RFID technology is expected to grow significantly in the next five years, and it is predicted that someday RFID tags will be as pervasive as bar codes.

This publication addresses core RFID technology and solutions as well as evolving market and products. It evaluates the possibilities for developing and deploying RFID systems and applications.

Target Audience

•  Companies targeting RFID deployment in agriculture
• Agriculture process improvement companies
• Animal tracking and farm management solutions providers
• RFID Hardware Manufacturing companies
• Managed services providers and outsourced RFID solutions and application RFID hardware, software, and solution vendors and related professional services companies
• Companies interested in optimizing their RFID business process strategies Venture Capitalist and Startup companies