RFID Asset Tracking – How it works?

How to track assets & inventory with RFID? This technology is a cost-effective and process-efficient model, which is helping various industry segments to manage several types of assets. Real-time tracing of large number of assets poses a challenge in warehouses and manufacturing industries with small spare parts in huge numbers, and in healthcare where large numbers of movable medical equipment is handled. RFID asset tracking system enables data transmission from every single asset. The asset tags transmit real-time location of assets and their movements in and out of the facility. This ensures that businesses keep track of their highly valuable assets and manage them effectively given a large facility and large number of assets. 

Location tracing is the critical function of the RFID tags and are capable of transmitting information even during harsh environmental conditions. Various industries use such tags to monitor their valuable assets down the supply chain; nevertheless, such systems can also monitor heavy assets on the move.

Based on the usage and environmental conditions, RFID tags vary in size and durability. For indoor use and most subtle environment, a simpler and cost-effective types of tags are used. The reader range is another critical factor which determines the type of tags to be used. Nowadays, RFID tracking systems are becoming popular when compared to barcodes for monitoring assets and inventory.

RFID Asset Tracking – how it works down the Supply Chain?

Let us have a look at some of the major benefits of using Active RFID asset tags:

Accurate and rapid data transmission

Need accurate real-time information about your assets? Then, implement an Active RFID tracking solution to provide real-time location of assets without human intervention.

Reduce loss or theft of your high-value assets

With RFID asset tracking, businesses can seamlessly track their assets between the supply chain. This helps reduce errors, theft, and loss of assets. This reduces costs on unnecessary human intervention and replacement of lost assets.

Enormous Visibility

Active RFID with real-time location tracking enables good visibility of all your assets in a dashboard. This ensures the supply chain process is made efficient reducing unnecessary costs.

Increases Productivity of Manpower

Eliminating manual intervention of asset identifying and monitoring, RFID solutions saves employees’ time increasing productivity of such employees on other business-critical functions.

Conclusion

Any type of industry with large numbers of assets to be monitored benefit out of using RFID solutions in a cost-effective model. Preventing loss of assets, movements of assets out of a warehouse, streamline asset monitoring, and reducing manual effort count to the return on an investment.  Implementing an RFID system is sure a big milestone in a project, but the outcome is way bigger than that effort. The technology is evolving enabling for more businesses to adopt to this and protect their assets and streamline their supply chain operations.