July 12, 2004
Startup Viper Motorcycle Co. Employs RFID
Startup Viper Motorcylcle Co. is budgeting another $14,000 this year on RFID alone for asset tracking in their supply chain.
According to InformationWeek:
Though RFID tags have yet to reach the hoped-for 5-cent-per-item level, Viper in April began putting the tags, which now cost about 50 cents a pop, on transmissions, engines, headlights, gas tanks, and other parts valued at more than $75 each. Viper's investment in RFID, hardware, software, and other IT technology to date is approximately $150,000. [...]
The company saw its first payoff on the RFID investment when Lowenthal identified and located--in an employee's van-- a missing $2,400 transmission after conducting a random inventory audit last month.
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