Multibillion-Dollar RFID Investments Will Affect 4 Million U.S. Jobs by 2007

Thursday 1 July 2004 14:18 CET | News

In its report, Users and Vendors are Beginning to Explore the Utility of RFID Technology In the Supply Chain, the Yankee Group estimates that during the next 3 years, manufacturers will spend approximately $2 billion on ePC Radio Frequency Identification (RFID) tags and $1 to $3 billion on infrastructure.

The largest portion of infrastructure spending will be allocated to consulting and systems integration. In the later stages of an RFID rollout, local and wide-area networks will play an important role in providing end-to-end visibility into supply chain operations. On the device front, barcode scanners will give way to RFID readers. Enterprises will turn to vendors that can take them through a rational migration path with practical applications and reasonable changes to the business within a palatable time frame. ERP and supply-chain software vendors such as SAP, Oracle, PeopleSoft, i2 Technologies, Manugistics, Manhattan Associates, and RedPrairie will act as primary migration managers for existing customers.

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Categories: Payments & Commerce | Payments General
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