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Radio Frequency Identification (RFID) is gaining considerable attention not only because of the business imperative for suppliers to be compliant with RFID/EPC mandates from retail chains like Wal-Mart, Albertsons, Metro and Target as well as the Department of Defense and FDA, but also due to the promise the technology holds in streamlining logistics operations and delivering real benefits in data accuracy, labor savings, higher visibility and improved customer service.
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Although many companies have invested considerably in traditional transactional systems such as ERP, SCM and CRM which have helped them in their planning, scheduling and execution operations, however, most of these systems do not provide insights into performance-driving metrics and key performance indicators (KPIs) that can seamlessly link and provide demand, supply, operational and customer views. In order to integrate, access, analyze and share information across the enterprise, companies must rely on the information within their organizations and use it as a strategic asset to gain competitive advantage. In fact, according to industry analysts, one of the top business initiatives influencing IT investment decisions is better utilization and analysis of data.
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