RFID Survey Finds More than One Third of Companies Surveyed Are Implementing or Piloting RFID PDF Print E-mail
CIO News - Survey Results
Written by CYBRA Corporation   
Wednesday, 20 July 2011 17:22

CYBRA Corp. 2011 survey shows increased inventory accuracy, increased profits, and improved efficiency are the top three benefits sought from RFID adoption.

CYBRA Corp. has released the findings of its latest RFID (radio frequency identification) trends customer survey, and the results mirror industry-wide trends of increasing adoption of RFID technology.

An analysis of the results of an RFID survey of more than 100 companies conducted by CYBRA showed that 34 percent of organizations are using, piloting, or already in the process of implementing RFID solutions. This is a 21 percent increase over a previous RFID survey conducted by CYBRA in 2008.

Other highlights from the survey include:

  • Of organizations (regardless of their industry) who were either implementing RFID or evaluating the use of RFID, 80 percent of respondents agree that they will do it not only for EPC (Electronic Product Code) compliance, but because they realize they will maximize their profits.
  • Improved inventory accuracy (60 percent) and EPC compliance (55 percent) remain the top two business drivers that determine RFID adoption. Of those who cited EPC compliance as a driver of RFID adoption, (24 percent) also cited item level tagging as a current initiative.
  • The top key anticipated benefits of RFID adoption are improved inventory accuracy (29 percent), increased profits (26 percent), and an overall increase in efficiency (24 percent).
  • The payback period, or ROI, of anticipated RFID investment was less than two years (44 percent). Respondents assert that the reason for this time frame is because RFID can reduce labor costs; software, tags, and hardware are now less expensive; and inventory accuracy can be greatly improved.
  • Only 8 percent of respondents answered that they will not be using RFID at all. These respondents state that their reasons are that they are worried about high costs and that there isn’t enough evidence of ROI. This is down from 2008, where 15 percent of respondents answered that they are not using RFID, and will not be using RFID in the future.

As an incentive for clients and prospective customers to participate in the survey, CYBRA offered a chance to win an Apple iPad2. Keith Shumaker of the J.M. Smucker Company won the iPad.


CYBRA Corporation
About the Author:

CYBRA Corporation  (OTC BB: CYRP.OB) is a leader in bar code and RFID technology serving customers in a wide range of industries. Thousands of organizations worldwide rely on CYBRA’s innovative solutions daily as the Auto-ID engine underlying their critical applications for retail compliance, shipping, inventory, warehouse management, in-plant printing and print and apply automation. A GS1 Solution Provider and an IBM Business Partner since 1989, CYBRA develops solutions in partnership with Alien Technologies, Avery Dennison, Impinj, Motorola, Psion Teklogix, SATO, Zebra Technologies, and other leading printer, reader, and RFID tag manufacturers. CYBRA is represented by a network of value added resellers throughout the United States and sales and support offices overseas. MarkMagic Bar Code Labels, RFID Tags and Forms Software empowers customers to design virtually any type of Auto-ID document—labels, forms, RFID tags, tickets, magnetic stripe plastic cards—and print them on hundreds of types of general and specialized printers from laser to thermal to automated applicators. MarkMagic has been selected as the Auto-ID print engine of such leading software developers as Manhattan Associates, Infor and VAI. CYBRA's latest product, EdgeMagic, is a platform for rapidly building integrated applications that locate objects and people using RFID, RTLS and other tracking technologies. EdgeMagic provides customers with the ability to quickly implement EPC (Electronic Product Code) compliance systems, and RFID closed loop track and trace applications. CYBRA software solutions run on all major computing platforms including IBM Power Systems (System i, iSeries, AS/400, AIX) as well as Linux, Unix, and Microsoft Windows.

To find out more about CYBRA Corporation and its products see their listings in the MC Showcase Buyer's Guide. 

 

 

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Last Updated on Wednesday, 20 July 2011 17:27
 

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