According to experts, RTI assets have an annual shrink rate of up to 25 percent. The U.S. Postal Service estimates it loses about 20 percent of its plastic pallet inventory every year – at a cost of nearly $23 each. In spring 2009, the USPS was forced to make a $30 million emergency purchase just to make certain it had enough inventory to do its job. A survey of the automotive industry found that 14 percent of annual container budgets are spent just to replace missing RTIs, at a cost of up to $1.4 billion annually. This white paper details how RFID technology can greatly decrease the number of lost RTIs.
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RFID Headlines
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Sector: Entertainment Savings: $1 Million-plus Submitted by ThingMagic Disney is relying on RFID to make the Magic Kingdom even more enchanting – especially for its cast members. The theme park has deployed an RFID solution from ThingMagic to track $100 million worth of costumes worn by the likes of Cinderella, Mickey Mouse and others. By [...]
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Her Majesty the Queen received a primer about the benefits of RFID technology during a visit to the University of Exeter in the UK last week. Queen Elizabeth II was briefed about a joint project between The University and QinetiQ. The goal of the project is to improve the accuracy of RFID when it comes [...]
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Sector: Aerospace Savings: $3-4 million Airbus has always been a leader when it comes to RFID innovation. As of last year, Airbus has deployed nearly 20 industrial projects in the “non-flyable” category, ranging from warehouse logistics to tooling management and work-in-progress tracking. According to a recent issue of Fast 47 magazine, which is produced by [...]
White Papers
White Paper: RFID for returnable transport items
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