RFID Cost Savings Calculator

Use the RFID calculator below to determine your potential savings when upgrading your inventory system to a barcode or RFID based system. The calculator does not take into account to the upfront costs of an inventory system. However, The difference in cost between a Barcode and an RFID system can be somewhat comparable.

Inventory Data

Number of Items to Inventory

Number of employees performing the inventory

Number of inventories taken per year

 

Labor Cost (Per hour, Per employee)

Read Rate (Per employee)

Pen/Paper

Barcode

RFID

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Costs and Savings

 

Cost Per Read

Cost Per Inventory

Inventory Cost Per Year

Savings Per Year

Pen/Paper

Barcode

RFID