Agility Systems is urging construction companies to utilise a burgeoning technology that could save them millions of pounds per year.
The Darlington-based company is predicting that the growth of Radio Frequency Identification (RFID) will enable companies to minimise risk of asset losses from construction projects.
Agility believes that the construction of the new Wembley stadium could have been delivered on time had RFID been used to track stock more accurately.
Established in 1995, Agility Systems specialises in ERP systems integration and has extensive knowledge of warehouse efficiency, logistics and information management. Agilitys subsidiary company, RFID Solution Centre, was established last year and in partnership with worldwide reseller, Intermec Technologies, helps businesses to determine how they could benefit from RFID.
Simon Storey (pictured), director at Agility Systems, said: During the next few years, RFID will have an impact on a diverse range of sectors and on a worldwide scale. Loss of assets is a major concern for companies in the industry and several high-profile projects, such as the construction of the new Wembley Stadium, could have benefited from the use of RFID.
The technology, which uses different techniques to traditional bar-coding, gives companies the ability to accurately identify and locate stock at any point in the supply chain process. If more companies discover whether RFID can be applied to their business, there will be fewer Wembley fiascos and more projects will be delivered on time and on budget.