2018 RFID Journal Live

Using Business Optimization to Maximize the ROI of IIoT and RFID (Room 210 C)

11 Apr 18
4:40 PM - 5:20 PM

Tracks: Defense/Aviation/Energy

Aerospace manufacturing organizations can significantly improve operational efficiency by undergoing system-wide business analysis before implementing an RFID or Industrial Internet of Things (IIoT) program. A proper implementation of a business-optimization strategy can provide immediate cost savings, capacity improvements, productivity gains and a clear definition of requirements for the IIOT or RFID deployment. This can ensure cost savings to pay for an IIoT or RFID implementation, while maximizing the long-term benefits. This session will demonstrate how using a holistic approach that analyzes order-to-delivery product and information flows typically results in more than 20 percent improvements in labor productivity, production capacity and operating margin, compared to levels prior to the investment in the IIoT or RFID. Implementing such a business-optimization strategy, as well as an IIoT or RFID program, future-proofs an organization by ensuring its cost and cycle-time competitiveness.