Budgeting

Budget Allocation and cost deriving is a challenge in this project. It is not easy to get a profoma quotation from vendor because of the pricing is confidential information. Even we pretend we are interested in their product, soon they will find out that we are not keen to buy because they asked a lot of question about company profile and main product, annual Revenue etc which we have limited information on that.

Hence, the costing is derived based on the result from visiting vendor’s website, making phone call & sending email (pretending as buyer), from rfid Journal and also making own assumption on our best knowledge.

The job is shared by all members and I have been assigned to consolidate the result from each member. I like to give a Big thanks to our member, Tzuu Bin, his expertise in doing project for his company help us a lot to understand how the cost likely should be.

Second challenge is ROI (Return on Investment) calculation. After a long discussion, we agreed to perform ROI based on the cost saving has been generated from implementing RFID successfully. We have made some assumption and estimation on the figure as in this part we need some information which F&N does not release due to confidential issue.
Below attached is our result: