Business owners and managers have long faced the challenge of locating important assets in order to effectively manage their operations. From spreadsheets to barcodes, traditional asset tracking methods have been found wanting – requiring significant resources and manual processes, which aren’t always effective. RFID asset tracking is shifting norms, with a range of benefits for business. What is RFID asset tracking, how does it work, and what does it do?
RFID Asset Tracking: An Overview
Radio frequency identification technology (RFID) tracks and monitors assets using electromagnetic fields. Favoured for its role in automation, different RFID systems of varying complexity exist – including passive and active varieties. Essentially, however, a system of tags and readers transmit information to remote computers. This can be done across a broader range than barcode solutions – and without the cost of GSM technologies. Furthermore, this has the potential to be done automatically, without the need for human intervention. The kind of RFID system you need will depend on the nature of its application and your needs.
The Benefits and Features of RFID Asset Tracking
Unlimited applications
The advantages of RFID asset tracking have resulted in it being implemented across an almost infinite range of industries and applications in recent years. From high-profile, government applications and multi-site large corporate operations to single warehouses and logistics, the scope for RFID is expanding – especially as the technology advances.
Far enhanced supply chain productivity
RFID can be deployed throughout the supply chain for full visibility of operations. This is an invaluable tool in operational planning, optimal equipment usage and maintenance planning, security and recoverability. Through big data collection, businesses have the information they need to circumvent or strategise around bottlenecks, avoid operational downtime, and maintain and enhance productivity, whilst allowing you to accurately monitor ROI.
Advancements are making RFID asset tracking more accessible
Initially, some sectors found the RFID systems they needed prohibitively expensive. Along with technological advancements, cost-effective solutions are emerging, which are making RFID asset tracking a viable option for more and more enterprises.
Cloud-based record-keeping
RFID transmits data to cloud-based platforms for unified, remotely-accessible records. Automated processes minimise the risk of human error on this front, with broad compliance benefits. Additionally, it greatly simplifies taking inventory of assets at any given time.
A tool for security
By having an accurate overview of your assets, you are better able to manage them – and so aid in their security.
Data-backed decision-making
The world of business is coming to rely on data more and more intensively for strategic planning and decision-making. As data analysis inspires action, so this alters the minimum requirements for competitiveness. This simple means of collecting data takes the guesswork out of decision-making for a wholly strategic approach to operational planning.
Bespoke RFID Asset Tracking Solutions for Business
At Tracks360, we provide thousands of GPS RFID tracking systems – tailored to meet the needs of just about any operations. Our solutions are perfectly adapted for applications with even high-profile security requirements, as well as industries which are reliant on high levels of traceability for compliance. Contact us today to design an RFID asset tracking system to suit your needs.
