Editor's Note: This is the second in a series of excerpts from an in-depth research report written by the chief information officer at Rock-Tenn Co., have been published by 2004 which mean some figures in this article does not meet the right situation now due to the different developments in the last 7 years and we introduce this article for open discussions
Much of the focus surrounding the cost of RFID has been on the price of RFID chips or tags. But implementing a fully functional RFID system incurs multiple costs, including tags, readers, printers, middleware, infrastructure, consulting, R & D, system changes, implementation, training, change management, and service provider fees. There is also the cost for additional labor that will invariably be needed with today's RFID deployments.
For early adopters, we think it's likely that implementations will prove to be more costly in the beginning stages of adoption, given the likelihood of first-time mistakes and the lack of industry best practices.
Though the range of total investment will vary widely between companies based on many factors, in most cases, companies are looking at investments that can easily reach into millions of dollars. Industry analysts predict that typical, large-scale manufacturers in the consumer goods industry will spend from $9 million to $25 million on RFID mandate compliance.