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RFID vs. UPC: A Comprehensive Equipment Cost Analysis for Retail Business Optimization

Explore the costs, benefits, maintenance, and service costs of RFID and UPC systems for product scanning. Evaluate pros and cons, shrinkage reduction, and inventory improvements. Compare initial equipment costs, maintenance, and product promotion benefits. Conduct a long-term cost projection and analyze universal business applications.

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RFID vs. UPC: A Comprehensive Equipment Cost Analysis for Retail Business Optimization

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  1. Team #3RFID vs. UPC Saul Barbosa – Equipment Research Ross Nichols – Organizer Chih-Yun Sun – Cost Analysis Greg Temple – Summarizer

  2. Comparative Analysis • Research the costs of both equipment. • Benefits of RFID & UPC scanned products. • Maintenance and Service Costs. • Evaluate Pros and Cons of both systems.

  3. Analysis Parameters of RFID • Radio Frequency Identification • Cost of Initial Equipment • Cost of Maintenance • Shrinkage Reduction • Inventory Improvements • Product Promotion

  4. Analysis Parameters of UPC • Universal Product Code • Cost Of Initial Equipment • Cost of Maintenance • Limitations of System • Inventory control • Product Promotion • Parallel Anti-Theft System

  5. Costs of Options • Costs of initial equipment • Maintenance Costs • 5 year Cost Projection • Universal Business Applications • Labor Options

  6. Research Plan • Contact RFID companies • Research Applications • Pricing and Options • Internet research • Evaluate Long-term Analysis

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