The business value of RFID

RFID can be defined as a strategic technology tool redesigning business processes, cutting costs, and improving the operational performance. It is used for a wide variety of application areas ranging from retail to manufacturing, healthcare, logistics, and defense. It may improve the potential benefits of supply chain management through increase of the four factors: efficiency, accuracy, visibility, and security. Calculating the return on investments, the impact levels of RFID on these factors should be quantified accurately for each supply chain member. This chapter focuses on the question how RFID adds value to business processes in the context of these factors.