Element ID

http://www.businessinsider.in/Droom-raises-20-million-in-Series-C-led-by-Integrated-Asset-Management/articleshow/59453412.cms

Droom raises $20 million in Series C led by Integrated Asset Management Droom raises $20 million in Series C funding

Toward the end of the year, ICM needed to carry out a full inventory of ICM’s facility, including weighing of each of the thousands of containers in the production and warehouse areas. After a trial inventory proved out the approach to be used, the full inventory was scheduled for 3 weeks after the trial’s completion.

Recognizing a major opportunity for ICM, it was proposed that all of the product in the warehouse be barcoded when it was handled, warehouse locations be identified and laid out, and the company start using barcode / RFID scanning immediately at the conclusion on the inventory.

http://element-id.com/2017/06/accelerating-sage-x3-adc-solution-changed-everything-increased-time-delivery-46-percentage-points-50-96/

How Accelerating a Sage X3 ADC Solution Changed Everything - Increased on-time delivery by 46 percentage points (50 to 96%) - Element ID “We’re delighted with the process and outcomes, and the support provided by 4aBetterBusiness and Element ID, as impressive as those results are, we’re especially pleased with the way the process developed the engagement and buy-in of our employees. This will enable ICM to sustain those gains and ac...

Jack Romaine, CEO of Element ID, will make an appearance at the Sage Summit US 2017! Please reach out to set up a meeting over coffee!

New Blog post from Element ID! | http://element-id.com/2017/05/getting-sage-x3-lot-just-accounting-tool/

Are you getting the most out of Sage X3? There is a lot more there than just an accounting tool. - Element ID You’re reading this because you either already own Sage X3 or you are thinking about buying it. It’s great for accounting and Sage is clearly a leader in the field. But if that’s all your using it for you are really missing out. We’ve seen many customers select Sage X3 because of the other capabilit...

Newest Blog Post from Element ID - http://element-id.com/2017/04/compensation-costs-visionary-companies-still-increased-profits-rfid-can-boost-profitability/

Compensation costs are up but the visionary companies still increased profits – RFID can boost your profitability too. - Element ID According the US Department of Labor, compensation costs in the US increased 2.2% in 2016. Did this reduce your corporate profits? A typical manufacturer that we work with is spending about six minutes per transaction recording production using pen and paper. Often, we find their production workforc...

Blog post by Element ID Reposted by NexTec Group - Barcode & RFID help manufacturers take back control of their warehouses

https://twitter.com/NexTecGroup/status/856641335268429827

NexTec Group on Twitter “Barcode & RFID help manufacturers take back control of their warehouses https://t.co/ZXSvlfMIiH”

Surprise! Switching to RFID can reduce your label costs by $100K+

Debunking the myth that RFID tags always cost more than barcodes:

When comparing the consumable costs of an RFID solution relative to a barcode solution, it is very important to differentiate between "open" and "closed" loop applications. A closed loop application occurs when a tag is affixed to an asset or product carrier and used over and over again in the system. Many manufacturing companies use some type of product carrier like totes, trays, and bins.

These customers print a new identifying barcode each time the carrier is reused. This results in a lot of barcode printing. While each individual barcode may be cheaper than a corresponding RFID tag, the total cost must be evaluated.

Total barcode cost = (cost of individual barcode) * (number of carriers in the system during the time period) * (number of cycles for each carrier in that time period)

The advantage of RFID tags is that they can be permanently affixed to these carriers. Special coatings and fasten- ers can be used to make sure they stay on. They don't smudge, tear, or fade. They can withstand temperature extremes and still work when covered with grease and grime. Selecting the right RFID tag can mean a tag is affixed only once and reused over and over for five or even ten years.

Total RFID cost = (cost of RFID tag) * (number of carriers)

An Example:

A customer with 5000 totes used twice a day with $0.04 barcodes would pay ($0.04) * (5000) * (2) = $400/day or $100K over a 250 day work year or $500K over 5 years. Using a permanent RFID tag with polypropylene coating and aggressive adhesive would reduce the total cost to ($0.30) * (5000) = $1500 over the same five year period - a savings in excess of $499K!

Looked at another way, the $1500 in RFID tag costs would have a payback period of just over two days for this customer. A modest RFID deployment (tags + infrastructure) at this manufacturer would be paid for in less than 6 months by label savings alone without any other benefit from using the RFID data. Once other benefits are considered, this customer would reach breakeven in less than 3 months by switching to RFID and experience significant savings year after year.

http://1m.ag/mNweb

Element ID Element ID is a full turnkey RFID solution provider with a focus on manufacturing and warehousing.