RFID Benefits

RFID Benefits for Drugmakers: There are many RFID Benefits as RFID will help improve the process of developing drugs and running clinical trials of drugs, increase patient safety and cut down on counterfeiting and diversion of product whereby drug shipments are stolen in transit and illegally resold. The four key features of RFID that can deliver business benefits to pharmaceutical companies are the ability to identify individual bottles and containers of drugs; to eliminate line-of-sight requirements to read product information; to remotely track movement and location of drugs; and to provide assurance that the ID on the bottle has not been forged.

RFID Benefits:

• Offers highly reliable data collection in harsh environments
• Eliminates manual data entry—slow and prone to errors
• Inspires new automation solutions. Fundamentally changes how processes are managed and how businesses operate. Causes a paradigm shift
• Good information management structure is a MUST.

RFID Benefits not universal: The costs and benefits of radio frequency identification will not be uniform among manufacturers of consumer packaged goods.

RFID Benefits for High-impact manufacturers - those who sell over-the-counter drugs, video games, electronics, high fashion, and cosmetics, for example - sell lower volumes of expensive goods. They typically experience out-of-stocks and shrinkage. There are potentially big benefits for them to adopt RFID technology as mandated by Wal-Mart and the U.S. Department of Defense.

Low-impact manufacturers - those who sell groceries, perishables, beverages, frozen foods, and soaps, for example - sell high volumes of less expensive merchandise. They enjoy limited shrinkage and have efficient supply chain systems and processes already in place, so they won’t realize significant net benefits from RFID.

RFID Benefits vs. Barcode: The optical nature of barcode requires labels to be “seen” by lasers.  That line-of-sight between label and reader is often difficult, impractical, or even impossible to achieve in industrial environments.  In order to function properly, a barcode reader must have clean, clear optics, the label must be clean and free of abrasion, and the reader and label must be properly oriented with respect to each other. RFID technology enables tag reading from a greater distance, even in harsh environments.

• No line of sight requirement. 
• The tag can stand a harsh environment. 
• Long read range 
• Portable database
• Multiple tag read/write. 
• Tracking people, items, and equipment in real time. 

RFID Benefits for libraries:

• RFID smart labels can be applied easily to different types of media from books to magazines, videos and CDs.
• Automated self-check out system enables the visitor to issue items themselves, avoiding long queues and freeing librarians from repetitive tasks.
• Automated book return system allows books to be returned and logged back into the system automatically, at any time.
• EAS functionality integrated on the chip for theft protection.
• Fast, convenient and reliable inventory can be made using handheld readers, eliminating the endless searching for misplaced books.
• Easy integration into existing library circulation software.
• Fully compliant with ISO 15693, a key requirement for libraries that cannot afford to become reliant on a proprietary chip technology that might eventually become outdated.