Where Can I Find Market Research & Statistics On Cost Savings, Labor Saving, Accuracy, Etc. For Barcode Systems?
The best source of current statistical information about barcode and other Auto ID systems is Venture Development Corporation. There are white papers and press releases at their site that can be downloaded for free. Other studies you will need to pay for. The BarCode-1 Market Research Page includes information gathered from visitors who answered are questionnaire. In 1986, I co-authored one for the first barcode market surveys. Based on 1283 respondent end users, about 80% of users found that barcode equipment ROI was less than two years (45% found that ROI was less than 1 year). Quickest payback occurred for companies with between 500 and 999 employees. The study also found that 50% found direct dollar savings to be more than $25,000 (1986 dollars) a year and nearly 25% found direct dollar savings to be $100,000 (1986 dollars) per year. Indirect savings was found to be about the same as direct savings. The simple fact is that barcode data entry if far faster and more accurate than key
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