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ArticlesRFID TechnologyWhy You need to Plan for RFID Today Currently RFID technology is capable of increasing efficiency, providing a high level of data integrity, lowering costs, delivering goods faster, increasing accuracy and providing inventory visibility. Widespread adoption of RFID has been limited due to cost, but each year costs and prices tend to decline consistently. The Catch-22 is that in order for considerable cost savings to occur, widespread adoption must take place. Yet the cost of RFID tags shouldn’t always influence the adoption of the technology. RFID TechnologyWhy you Can Afford to Wait for RFID Technology to Mature The limitations of RFID aren’t all technological, in the end it boils down to synchronizing business relationships. In order to reap all of the benefits that RFID has to offer, all partners in a supply chain must be equipped with a common data format. Like most up and coming technologies, RFID is still working through some kinks. RFID readers currently have difficulty reading tags through metal or liquid, however future efforts are expected to correct the design. Reading single items on a pallet produces a quite respectable 99% accuracy rating, but reading all individual cases on a full pallet has produced unimpressive results with an average 66% accuracy. RFID has a wealth of potential, but the technology also has several important limitations that need to be corrected before mass acceptance. BEHIND BARSGET WHAT YOU NEED FROM BARCODING TECHNOLOGY. North Americans tend to believe that the newer the technology, the better it is. But that may not always be true. Just ask David Shapiro. Shapiro, director of marketing for Barcoding Inc., Baltimore, Md., knows that the newest isn’t always the best. “You need to assess the needs of your company, and then consider how to best address those needs,” he says. Today barcoding technology is nothing new, and yet its use hasn’t diminished. In fact, barcoding equipment suppliers are consistently finding new ways to stay competitive in a technologically advanced market. But how can you decide what’s best for your company? Cycle Counting By FrequencyBeyond Pareto's RuleIt is well understood that cycle counting is a key component of keeping an accurate count of your inventory. However, the latest innovation in inventory management is "cycle counting by frequency." Until now, most people relied on Pareto's rule of "80/20" - 20% of the inventory will likely represent 80% of the inventory's value. While most accountants will be happy with this way of cycle counting, it is very inefficient in the supply chain. Performing Physical Inventory CountsBarcoding Inc. has various software and hardware solutions to help you conduct year-end inventory counts that will drastically reduce the time and effort it takes to perform them. As items can not be added to, or taken away from, your inventory as it is being counted, performing an inventory count in as little time as possible while maintaining its integrity is critical to keeping your business up and running. Reduce Tax Liability and Improve Cash FlowLike most businesses, you allocate significant time, money and resources into improving your business. If
you’ve developed new products or made improvements to your products or your processes, you likely have
incurred costs that qualify for the Federal Research and Development (R&D) tax credit. In addition, there have
been recent developments surrounding R&D that are business-friendly, so now is a perfect time to let the
experts at Clifton Gunderson perform a research and development review and find opportunities to reduce tax Need help with a complete barcode system, or just a few parts? Contact Barcoding Inc. |
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For Further InformationContact us for a complimentary evaluation of your needs. Call Now: 888.412.7226Our sales team will answer all your questions about inventory control and automatic data collection. |
