Martin Parsons: Creating a Faster ROI for RFID

Feb 09, 2016—The benefits of radio frequency identification are many and varied and span numerous sectors, but RFID products have something in common with all other types of capital equipment: Before purchasing and deploying an RFID solution, a company must first be convinced that the system will provide a return on investment (ROI).

The RFID solution provider must convince its client not only that the product will solve the problems being addressed, but also that the benefits of that solution, which always comes down to a fiscal calculation, will be realized within as short a time as possible. In some sectors, this will be easier than in others. In situations for which all assets benefiting from an RFID system are already equipped with RFID tags, the return starts as soon as the system is implemented; in others, this isn't the case.

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