
193
16
Engineering Economics of RFID
16.1 INTRODUCTION
In order to ensure cost-effective production of specialized products, many companies use calibrated
tools. Failure to use the proper calibrated tool can result in scrap and rework. This inefciency
results in events such as audit costs, higher labor costs, and loss of customer trust that translates into
lost sales. Further, customers often sue companies that produce defective parts that cause injuries.
These events not only produce negative publicity for the companies but may result in costly lawsuit
settlements.
Calibrated tools are essential to producing quality products and should be efci ...