EPCglobal US Introduces Value Models For The Chemical, Aerospace and Retail Pharmacy Industries To Quantify Financial Benefits Of EPC/RFID
Financial planning models and tools target key business processes in each industry
Created jointly between industry experts, Stanford University, the University of Eindhoven and EPCglobal US
Lawrenceville, NJ - EPCglobal US, a not-for-profit standards body and a global leader in supporting fast, low-cost, high quality EPC/RFID supply chain implementations, today announced three new industry-specific EPC Value Models for the Chemical, Aerospace and Retail Pharmacy industries. Developed with leading global universities and world-class companies in each industry, these EPC Value Models, along with those introduced last year for the Fast Moving Consumer Goods and Healthcare industries, help companies and industries determine the financial impact of implementing EPC/RFID in their respective supply chains.
These EPC Value Models were developed in partnership with leading experts from some of the world's foremost companies, students and professors at the Stanford University Global Supply Chain Forum, and the University of Eindhoven, as well as EPCglobal US. These Value Models provide detailed qualitative analysis of the primary industry specific business drivers for adopting EPC/RFID. They are designed to provide companies with specific projections based on real-world variables they input themselves and include critical research notes, financial modeling tools and a user guide.
"The Chemical, Aerospace and Retail Pharmacy industries are moving quickly toward implementing EPC/RFID and these Value Models will help them identify where they can obtain the greatest return on their investment," said Mike Meranda, president of EPCglobal US. "Our goal is to drive implementation and adoption of EPC/RFID across multiple industries and these tools will help businesses leaders understand how they can operate their supply chains better, safer, and less expensively."
SOURCE: EPCglobal US