5 ms·
RAIN Rfid tag is < 10cents.
by cobookman 10y ago
RAIN Rfid tag is < 10cents.
- Someone 10y ago1% is a decent average margin in a grocery store (http://smallbusiness.chron.com/industry-standard-gross-margin-groceries-38121.html http://smallbusiness.chron.com/industry-standard-gross-margi...). So, it would require a $10 item to break even on a €0.10 tag.
- tgb 10y agoI don't think you can make that conclusion. Presumably this store will be saving money on cashiers by instead using RFIDs.
- Someone 10y agoThe article I quoted claims 1% is the _gross_ margin, in which case my argument is valid. I now think that is incorrect, as other high-ranking Google results claim it is the _net_ margin.
- cobookman 10y agoBut if using RFID saves them more than the cost of the technology its a win. Basically if Savings from reducing sales persons > Cost of New Technology, you'll add the new tech.
- Someone 10y agoIt doesn't have to be strictly cheaper, as it also adds convenience. Not having to wait at the checkout will be worth something to customers, possibly quite a lot in the case of a shop targeting richer customers.