In most industries, successful businesses are defined by the products,
services, and solutions they create and deliver--in these times of
economic uncertainty, a new paradigm of business is emerging. This
new-generation business will be different and will be defined and
measured by the effect it has and the value it adds to its shareholders
and customers, and its customer's markets--this forces a major rethink
on strategies. Real-time visibility into supply chains and operations is
critical for the next-generation business. The promise of RFID is to
improve supply chain business processes through global visibility of
physical objects--products and other assets. Visibility not just within
your own four walls, but also within your trading partners' walls.
Visibility is about getting access to new data and then transforming the
data into real value. Visibility enables traceability and authentication
of products, enabling critical and li- saving processes such as
effective recall, product authentication, brand protection, and chain of
custody for pharmaceuticals. The biggest challenge that companies face
today is knowing where to start the journey, and how to get a firm grip
on the potential areas of value creation and eventual return on
investment.