Food distributor Reynolds has slashed losses by tracking a key asset integrating RFID tagged crates with its Infor M3 ERP system
Fresh food distributor Reynolds has saved itself as much as £150,000 per year following the implementation of a project to embed RFID tags into its delivery crates.
Also known as ‘totes’, the project enabled the £210 million turnover company to track the crates to customers and demand their return, rather than writing them off or packaging deliveries in disposable plastic or cardboard material.
He continued: “It wasn’t as if it was just a small number. People were finding them useful, they weren’t returning them… We were losing a significant sum of money each year having to replenish crates that just seemed to disappear out of the system – we know this isn’t a unique problem to Reynolds. You only need to walk round any farmers’ market.”
It got to the stage where even Reynolds’ finance director was questioning how much the company was spending on its delivery crates.
“It came at the right time, just as RFID tags were dropping in price and had become more reliable,” added Calder.
Source: How Reynolds saved up to £150,000 per year with RFID tracking project