RFID technology has become widely adopted across various industries, such as manufacturing, logistics, warehouses, airports, hospitals, schools and retail. Asset tracking with RFID can make an immense difference to the efficiency and success of any business.
With handheld RFID tracking systems, you can scan assets from a distance without needing a line of sight. It enables auditing large volumes of assets quickly and efficiently.
Real-time Visibility
Good asset visibility is essential if your business depends on many assets to run smoothly. Knowing how much equipment, tools and parts are in stock lets your team decide what to purchase or keep and how best to utilise them.
Replacing damaged or stolen equipment can be a substantial expense in many industries. However, this process can be simplified and minimised with RFID technology, saving time and money.
Another advantage of RFID tracking is that it helps reduce inventory reordering costs. Companies that adjust stock levels can save up to 20-30% on warehousing and storage fees.
Asset visibility can also help avoid issues like theft, counterfeiting and maldistribution. These risks are costly to resolve and require a great deal of time; that is why having an organised system that tracks your assets helps guarantee they are distributed accurately throughout the warehouse.
Real-time visibility gives your team control of every asset at all times, helping to guarantee none are missing and that stock counts remain accurate. It prevents unnecessary losses and keeps your facility running optimally efficiently – leading to higher profitability in the long run.
Asset visibility can be improved using several locating technologies, but radio frequency identification (RFID). This technology allows you to identify and scan assets without moving them physically around your facility.
No matter your industry or size, real-time visibility is becoming an integral component of today’s supply chain. Not only does it save your team time and money, but it also guarantees that your products arrive promptly and undamaged.
Increased Security
RFID tags are miniature electronics with an electronic chip and antenna, read by an RFID reader connected to a computer. The information from the tag is sent to the computer for analysis, with data then stored in a database.
Asset tracking requires various types of RFID tags in different shapes and sizes. Which type you select depends on your requirements.
Passive RFID tags are the most prevalent, less expensive and more versatile than active ones. Passive tags lack a battery, requiring energy from an external reader to activate their signal. While this limits their read range, passive tags offer greater versatility regarding size and form factor.
These tags are perfect for small or confined areas and hazardous environments. For instance, Molex’s low-profile tags are made to withstand extreme temperatures and vibrations.
Another advantage of RFID is that it helps you track assets throughout your facility. It improves efficiency in the workplace by eliminating needless manual processes and streamlining production lines.
Inventory management also helps reduce costs, as you can monitor precisely how much of a given item is in stock. It allows you to decide if you need more of something or remove it entirely from your stock list.
RFID also enhances customer service by giving customers real-time access to their orders. It can help keep customer satisfaction high and encourage repeat business.
Selecting the ideal system for your business is essential to reaping the rewards of RFID technology. It would be best to consider how many assets need tracking, the environment in which they will operate, and whether additional security features are desired. Furthermore, select an appropriate combination of readers and tags according to your requirements.
Increased Efficiency
Asset tracking is critical to keeping your company’s products and equipment in optimal condition and ensuring you always deliver the correct ones to customers. Unfortunately, managing asset tracking can be an intricate process requiring considerable time and energy.
RFID technology can significantly boost your efficiency when it comes to asset tracking. It automatically tracks assets across your facility in real-time, eliminating the need for manual data collection.
Saving money and effort with RFID asset tracking can be a great way to save you money while helping keep your facility running efficiently. In addition, using the technology provides other advantages like increased visibility, strengthened security and superior inventory management.