EPCglobal Launches Value Models for Chemical, Aerospace, Retail Pharmacy Industries

June 19, 2006

EPCglobal U.S. announced three new industry-specific electronic product code (EPC) value models for the chemical, aerospace and retail pharmacy industries.

Developed with universities and companies in each industry, the EPC value models, along with those introduced last year for the fast moving consumer goods and healthcare industries, help companies and industries determine the financial impact of implementing EPC/radio frequency identification (RFID) in their supply chains.

The value models provide detailed qualitative analysis of the primary industry specific business drivers for adopting EPC/RFID, according to EPCglobal U.S. The EPC value models were developed with experts from companies, students and professors at the Stanford University Global Supply Chain Forum and the University of Eindhoven, as well as EPCglobal U.S.

They are designed to provide companies with specific projections based on real-world variables they input themselves and include research notes, financial modeling tools and a user guide.

"The chemical, aerospace and retail pharmacy industries are moving quickly toward implementing EPC/RFID and these value models will help them identify where they can obtain the greatest return on their investment," said Mike Meranda, president of EPCglobal US. "Our goal is to drive implementation and adoption of EPC/RFID across multiple industries and these tools will help businesses leaders understand how they can operate their supply chains better, safer and less expensively."

The EPC value models and other tools are available to EPCglobal U.S. subscribers.

Source: EPCglobal U.S.