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Chapter 47. Objects that Communicate: Sm... > Features and Considerations

Features and Considerations

The adoption of the RFID tags within the retail industry is very much dependent upon the price point of the tags and readers. Today the tags are in the 20 cent to $1 range, and readers are in the $100 range. As the price of tags comes down, they become more competitive with the printed UPC barcode labels and become economically feasible for labeling on low-priced items. Many experts agree that it will take a 5-cent tag to really spur the adoption in the marketplace so that tags become pervasive.

The promise for the general consumer is that once these tags are adopted, manufacturers and retailers will have better data about their products and will be able to deliver better service. Healthcare companies will be able to better manage their pharmaceutical supplies and to limit the amount of inventory that is beyond its expiration date. They will also be able to better match prescriptions with patients and minimize errors. Clothing retailers will be able to better understand customer demand and adjust their inventories and product assortments in close to real time within their stores.


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