The Power of RFID Asset Tracking System in Business Management

RFID Asset Tracking System

Radio Frequency Identification or RFID technology for a long time has been used for access control. However, there are more applications you can expect while using this technology. A good example is using the technology for asset tracking, making it possible to manage your assets better and enjoy other benefits associated with the technology.

We want to see what kind of use you will experience with RFID technology in Asset tracking and the best way to implement the technology.

 

How RFID Asset Tracking Works

How RFID Asset Tracking Works

Asset tracking simply means knowing where the assets are physically located. You would find such technology necessary for precisely tracking a number of things such as heavy machinery, healthcare equipment, and others.

For the technology to work, there are a few things to note. It relies on having a complete RFID system, which includes the RFID tags, antennas, and readers. Each tag contains the asset’s information, such as the name, its use, and more, depending on the use.

Once the RFID readers pick the asset’s signal, they can read the information and relay it back to the software managing the tags. As such, you would quickly identify and manage assets from a remote location with the information being updated regularly.

There are two main options when seeking the types of RFID asset tracking systems. They include an active RFID tracking system and a passive RFID tracking system.

– Active RFID tracking system

This is for those who may want real-time location updates on their devices. They are mostly built to have a 2-meter accuracy, which is okay for tracking physical assets. At least you can always get them as close as possible to the said location.

You can also have a zone-based approach where the tags are shown to be in a certain zone. It does not give you a precise location, but it is good enough to know where to get started. This is a cheaper option that can still serve you quite well without necessarily having to calibrate the system or install anything.

– Passive RFID tracking system

This one is not focused much on real-time location updates. However, it can still be used for tracking the location of an asset as it moves through the supply chain. Yes, you are likely to see such a system being used for retail or warehouse management where many products are being moved.

As an example, once the truck carrying the shipment arrives at the warehouse, the products containing the RFID tags are scanned and then the location is updated. This gives the managers an easier time knowing just how much cargo is located in the warehouse.

The best part about such a system is that you could use it for other applications as well. It is not just meant for warehouses alone.

 

Benefits of Using RFID Asset Tracking for Your Business

Benefits of Using RFID Asset Tracking for Your Business

Adopting an RFID asset tracking system comes with many benefits a business could enjoy. Here are some of the top benefits you should expect.

  1. Save time on operations. Unlike the other approaches to handling assets, you always know where the asset is located. Even if it is not a precise location in some cases, you can have its location in no time. Also, scanning and updating the location is only done in seconds while maintaining accuracy.
  2. There is better data accuracy since there is limited human use of the technology. No more mistakes would cause you to have a faulty location entered into the system.
  3. Since each asset is updated in the system, the issue of ghost assets is minimized. You only have existing assets added to the database. As such, it becomes easier to know which assets you have and plan for those that have to be added in the future.
  4. Scalability is another reason you would find many people using the RFID asset tracking system. Once you have set up the system, it is easy to scale it depending on the needs of the company. If you have more assets, simply add RFID tags to them and then have their information updated in the system for monitoring and tracking.
  5. Companies are likely to get this RFID asset tracking system because they are more affordable. Such cost-effectiveness means you have more on implementing such a crucial system while also getting the best capabilities for tracking assets better.
  6. The tags and other parts of the RFID asset tracking systems are mostly built to last. Most can be exposed to harsh winters or extreme summers, and they will still work without a problem. That means you would only have to keep buying replacement tags some of the time.

There are many other possible benefits of such systems. It all depends on the company’s needs and whether you use the best system in the market.

 

Areas of Use for RFID Asset Tracking Systems

Areas of Use for RFID Asset Tracking Systems

RFID’s performance and affordability mean that the technology can be used in many areas. Below are some of the common areas of use for the RFID asset tracking system.

  • Retail and warehousing are mostly for inventory management. The businesses can better check their stock levels and restock when necessary. Also, a company can easily locate an asset if a customer wants to buy it.
  • The healthcare sector could also benefit from such a system. We see it mostly being used for tracking critical equipment. It can also be used to monitor patient movements. Some need medications taken on time, and that is why such a system is important.
  • RFID asset tracking is still important in the manufacturing sector. This is where the manufacturers can monitor product movement across the production line. This can be suitable for identifying the bottlenecks in the system and work on it to improve workflow.
  • You could still utilize such technology to handle assets in places with events or large gatherings. A good example is when you use RFID wristbands to manage access control, track their movements, and more. There can be many benefits to using such a system to handle assets.

Conclusion

RFID technology has benefits that people could use especially when seeking to streamline their operations. As we have seen above, you need an RFID asset tracking system when proper asset tracking is needed. The best part about such a system is the overall performance you get. Some offer real-time location updates so that you do not have to worry about locating the asset. Make sure to choose the right system and expand more if the need arises.

Update cookies preferences
Scroll to Top