Findings indicate that among the major stumbling blocks are technology that is both expensive and still in development with no clear standards established yet for the technology. While some companies have had to deploy RFID because they are conducting business with Wal-Mart, Target, the Department of Defense and others, of those surveyed just 5%indicated they would have evaluated RFID if they weren’t required to do so.
According to AMR, while the promise of RFID is attractive, major supply chain inefficiencies exist that keep companies on the sidelines. The principle inefficiencies cited are lack of visibility into goods, out-of-stocks and inventory costs. The research firm notes that, “until and unless the technology matures and cheapens, improvements will remain a promise only, and other solutions to supply chain inefficiency will continue to be sought.”