RFID Asset Tracking
Radiofrequency identification, or RFID, is a sophisticated technology when compared to barcoding and other tracking technologies. RFID is a good asset tracking solution in challenging environments that need fast and accurate real-time data. There are several benefits to using RFID for an asset tracking solution:
- Accuracy and speed of data capture and transmission no matter the environment.
- Increased, consistent productivity.
- Accurate, real-time information resulting in a decrease in theft.
- Automated process means reduced opportunity for human intervention and error.
- Access to information for performance management and quality control.
Plus, RFID is extremely beneficial because RFID tags can store way more data that barcode labels can’t. This will ensure that you keep track of all the details of each asset. Companies typically save information about the assets themselves such as item name, item type, location, condition, last person to use, and more.
1. Increased Asset Visibility
RFID is the ideal solution, not just for asset tracking but also asset management and visibility.
RFID can be used to track all types of company assets. From merchandise, trucks, forklifts and other assets that move to, from and around facilities. RFID supplies information in real-time without a direct line of sight in order to retrieve data. RFID makes it easy to track valuables as well as locate lost or missing items.
The ability to track inventory in terms of quantity and location provides an over-the-top view for managers about workflow and the flow of merchandise.
2. Erase Lead Time
Tracking the movement of company assets allows management to easily identify bottlenecks in operations. As a result, businesses can prevent delays and save on unnecessary labor costs. Asset tracking makes sure that products move efficiently and adhere to strict delivery schedules. RFID and asset tracking tighten up the supply chain and delivers exceptional money-saving benefits. Asset tracking solutions prevent the accrual of unnecessary costs while delivering valuable analytics that can promote better managerial decisions.
3. Minimize Loss
Asset tracking is a paramount tool within organizations that perform rentals or receive a high volume of returned goods. Assets that are missing or unaccounted for can have a big negative impact on a businesses bottom line. Asset tracking allows businesses to keep tabs on inventory when it distributed, stocked, relocated, delivered or returned. Additionally, RFID can provide a host of other information outside of locations like quantity and even the conditions of merchandise.
A fully visible picture of your supply chain and flow of goods provides peace of mind and clarity about an organization’s assets. With this in mind, managers know in detail what products are leased, in stock or in delivery. Consequently, it further promotes accountability among customers, managers, and employees.
4. Automate Processes.
Receiving a high volume of goods can be a time-consuming process when it comes to scanning items and making sure all merchandise is accounted for. Equiping these assets with RFID tags automates processes for employees so they don’t have to scan or record each item that passes through. Though the use of RFID checkpoints, assets are automatically accounted for.
As a result, labor can be redirected toward other areas that aren’t automated and increase productivity in operations.
The simplified RFID Asset Tracking Solution – ASSETracs™
ASSETracs™ – Asset Tracking Software: ASSETracs™ is an RFID and barcode-based software package that allows companies of all shapes and sizes to track multiple types of assets across their entire organization. RFIDPro’s ASSETracs application is adaptable to most enterprise software solutions and adds value by:
- Performing Asset Inventory
- Counting and Locating
- Real-Time Reporting
- Quality Control
Download the ASSETracks datasheet below for more information and specifications and how ASSETracs can help you and your business.