CompTIA Identifies RFID Opportunities, ROI Sources in Manufacturing, Shipping and Receiving Processes; Findings to be presented at CompTIA EIDX meeting Dec. 1-2.OAKBROOK TERRACE, Ill. -- Elusive sources of return on investment (ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). ) in radio frequency identification See RFID. (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ) technology are coming into focus for companies in the computer, electronics and information technology industries, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. CompTIA, the Computing Technology Industry Association See CompTIA. . CompTIA announced today that an association working group studying how to incorporate RFID into supply chain business processes has identified a series of opportunities to improve manufacturing, shipping and receiving practices; and whether the ROI on such investments will occur in the short-, mid- or long-term. The group will report on its findings at the CompTIA Electronics Industry Data Exchange (EIDX EIDX Electronic Industry Data Exchange EIDX Electronics Industry Data Exchange ) Leadership Group meeting December 1 and 2 in Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif. "RFID is an important issue for our members, especially when it comes to identifying sources of ROI," said David Sommer Sommer is a surname, from the German and Danish word for the season "summer". It may refer to:
Uncertainty over the ROI from deploying RFID has kept many organizations from widely deploying the wireless technology, which will allow them to track inventory with greater precision. The increased flow of information made possible by RFID should help companies improve forecasting and planning with their suppliers and customers. "In theory, the cost-savings and strategic benefits of RFID are huge," Sommer said. "But the cost of deploying the technology is also huge, ranging from several hundred thousand dollars for small implementations to several million dollars for large deployments. That's why it is so important for companies to understand where an investment in RFID makes the most sense." Members of the CompTIA EIDX Leadership Group are committed to addressing electronic business interoperability issues across business boundaries and vertical markets to advance the strategic and global advancement of e-business across all industries. For more information on the upcoming CompTIA EIDX Leadership Group meeting, please visit http://www.comptia.org/events/get_event.aspx?eventid=EIDX200412. About CompTIA CompTIA is a global trade association representing the business interests of the information technology industry. For more than 22 years CompTIA has provided research, networking and partnering opportunities to its 20,000 members in 102 countries. The association is involved in developing standards and best practices, and influencing the political, economic and educational arenas that impact IT worldwide. More information is at www.comptia.org. |
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