Financial Services Industry
Industry: Email Alert RSS FeedRadio Beacon: RFID Ripples Through
Accounting Technology, April, 2006
While the requirement to include radio frequency identification tags in shipments affects only customers of big retailers such as Wal-Mart, the impact will spread to the suppliers' suppliers, says Dale Jeffries, president of Radio Beacon.Right now, RFID has little benefit to suppliers except that, "They get to maintain Wal-Mart as their customer. It's a cost of doing business," says Jeffries, whose Toronto-based company provides the Warehouse Management System that interfaces with most major mid-market accounting software packages. Wal-Mart is mandating the use of the system "and saying, 'You can't charge us more for it.'" He says that anyone touting the benefits of RFID to a Wal-Mart supplier, "is likely to get tossed out of the office."
The trick is for suppliers to turn...
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