![]() The typical components required to make up an RFID system are tags attached to the items you need to track, an antenna that receives data and forwards it to the RFID reader, the reader that connects to the antenna wirelessly and captures the tag data, and a computer database with your use-case applications, such as receiving, inventory management or checkout software. ![]() Alternatively, if you're moving large pieces of equipment between locations and require additional features like temperature or shock monitoring integrated into the tag, the cost may increase significantly. If you are simply trying to track your inventory from stock room to retail floor, you can obtain a low-end solution that will cost about 7 cents per tag. Since there are many different types of tags (transponders) available, you'll need to determine what functionality you'll require. The first step to your cost/benefit analysis is to define your exact use case. How Do You Calculate RFID Costs?įor SMBs, the upfront investment required for RFID systems used to be cost-prohibitive, but prices are now trending down, making the technology viable. Read on to find out if you can benefit from the technology, as well as where RFID costs will be non-prohibitive for your business. For enterprises like Walmart, RFID is helping them to streamline the entire supply chain, from manufacturing to the retail floor. ![]() RFID is a versatile technology that supports many use cases. If you're considering using RFID in your business, here's what you need to know about the technology, where it will provide the greatest benefits and how to identify suitable suppliers. While the technology has been around for decades, only recently have RFID costs come down enough to be a viable consideration for SMBs. ![]() Implementing a radio frequency identification (RFID) solution in your small or midsize business (SMB) may help you save on costs, provide greater oversight and increase the efficiency of your day-to-day operations.
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