Valuation Methods for RFID Investments

Valuation Methods for RFID Investments

In Lee
Copyright: © 2016 |Pages: 13
DOI: 10.4018/978-1-4666-9787-4.ch038
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Literature Review

The global industry for RFID technology has been growing steadily and is expected to expand fast for some time in the future. The dwindling prices of RFID tags are a driver for widespread adoption of item level tagging. Currently, the United States has the largest market worldwide, followed by Europe. Although developed markets such as US and Europe continue to remain the largest revenue generators for RFID manufacturers and software developers for some time, future growth in the market will be primarily driven by major Asian countries such as China and South Korea with the support extended by their governments (PRWeb, 2012).

Key Terms in this Chapter

Ordering Efficiency: The degree to which the fixed order cost per order cycle is reduced by the investment for the ordering cost reduction.

RFID Technology Management: The process of evaluating RFID technology, developing RFID systems, and managing RFID infrastructure to achieve business objectives.

Operating Efficiency: The degree to which the operating cost is reduced by the investment for the operating cost reduction technology such as RFID merchandise monitoring systems.

JIT Efficiency: The degree to which the time gap between the point of delivery and the time of consumption/production is reduced by the investment for the inventory cost reduction.

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