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SkyeTek Launches
MetaFi Application For RFID-Based Sales Chain Optimization
Other topics:
RFID Safety Solution
SkyeTek, Inc.
September 2, 2008
SkyeTek, Inc., the leading provider of embedded RFID solutions for
field-based applications, recently announced the introduction of
MetaFi, an application service for sales chain optimization,
enabling manufacturers to dramatically improve the visibility of
goods as they move outside the factory to customer locations. While
much of the attention in the RFID market has focused on the cost
savings from supply chain optimization - SkyeTek's sales chain
application substantially increases revenue and distribution
efficiency by providing accurate, real-time data on field-based
inventory and employees. The increased visibility results in fewer
out-of-stocks, higher inventory turns, increased sales productivity,
faster invoice-to-cash cycles, and proactive removal of expired or
defective products.
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"SkyeTek's historic success
in developing an embedded RFID reader platform for use in field
based products allows us to uniquely understand the requirements of
a turn-key application that provides real-time visibility to
inventory and employees throughout the sales chain," said Rob
Balgley, CEO or SkyeTek. "Our decision to add a business application
to our existing portfolio was driven by our installed base of
customers who need software to fully leverage the new data streams
created from deploying readers onto their customers' premises."
Manufacturers currently struggle to gather accurate and timely data
on inventory levels throughout the sales chain due to manual
tracking methods used inconsistently by time-constrained field sales
and service representatives. MetaFi leverages RFID and wireless
technologies to provide manufacturers with the means to
automatically collect, analyze, and act on real-time data from
mobile field representatives and remotely located smart-containers
including cabinets, totes, and shelves.
"Many RFID vendors and market observers continue to focus on
technological minutiae, but the users we've surveyed and interviewed
tell us loudly and clearly that to them, 'RFID' is about 'real-time,
fully integrated data' they can use to improve their businesses,"
said Michael Dortch, senior analyst, Aberdeen Group. "SkyeTek's
MetaFi solution responds to the top challenges facing RFID users -
easing the integration and maximizing the business value of
RFID-generated data, to help turn that data into higher revenues and
better business processes."
The ROI generated by MetaFi impacts the following areas across the
company:
* Sales and service reclaim lost productivity by spending less time
taking inventory while also increasing accuracy and frequency of
data collected
* Operations reduces out-of-stocks, over-stocks, and shrinkage while
increasing inventory turns and SLA achievement
* Finance reduces working capital, increases return-on-assets, and
accelerates cash collection cycles
* Legal improves regulatory compliance and decreases liability
related to product expiration and recalls
MetaFi is a purpose-built, horizontal field inventory management
application that allows:
* Consumer goods manufacturers to augment direct-to-store delivery
(DSD) operations
* Industrial goods manufacturers to improve the efficiency of their
vendor-managed inventory (VMI) initiatives
* Medical device manufacturers to optimize consignment and loaner
processes used at hospitals
* Service providers (eg, utilities, transportation lines, IT managed
services) to improve field productivity and SLA attainment
In all cases, MetaFi delivers extraordinary ROI with payback
typically in six months or less. For more information, view the
MetaFi product overview here.
SkyeTek will also be demonstrating the capabilities of MetaFi at
RFID World, which is being held September 8 – 10 at the MGM Grand
Hotel in Las Vegas. SkyeTek will be exhibiting at booth 509.
About SkyeTek, Inc.
SkyeTek, Inc. develops reader hardware and software that enables the
pervasive adoption of RFID as intelligent networking technology.
Numerous Fortune 500 and mid-market customers use SkyeTek's products
in applications such as item-level inventory, product
authentication, and patron management. Based in Westminster, Colo.,
SkyeTek sells primarily through indirect channel partners. For more
information, visit www.skyetek.com. |
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