In a survey conducted in Q4 2010, we asked over 300 RFID end users about the operational benefits they associate with the technology. They were asked a series of questions pertaining to pre- and post-RFID operational topics such as resource allocation, increased asset utilization, quality improvements, labor management, error reduction and process efficiencies/time on task. The respondents had all been using their solutions for at least 12 months and the average operational improvement for each primary vertical is provided in the chart below.
Noteworthy Data and Observations
- The average improvement in operations for the entire user population was approximately 30%.
- Those using RFID in a broader/more advanced capacity (supporting more than 2 applications/product types or being used in more than 1 group/division) achieved average benefits in the range of 35-40%.
- These benefits resulted in significant positive improvements to the respondents’ companies’ bottom lines, with some larger firms citing hundreds of thousands to millions of dollars saved.
- Based on these results, more than 70% of the more advanced users indicated that they will be significantly scaling and/or expanding their solutions over the next 24 months.