RFID Tracking Technology in Asset Management
What are RFID tags?
RFID stands for “radio frequency identification.” An RFID tag is a small computer chip that can transmit or receive information through radio waves.
How are RFID tags used for asset tracking?
You may have seen an example of RFID asset tracking in your everyday life. RFID tags are often used on clothes and expensive items in large retail stores to deter theft and manage inventory.
RFID tags are also used for tracking fixed assets. Many businesses have important or costly assets such as computers, sensitive equipment, or manufacturing materials. Asset managers want to keep a close eye on these items. Businesses can use RFID technology to easily track asset location, usage, and status.
Top Benefits of RFID Tracking:
RFID technology eliminates the need for line-of-sight inventory activities. You do not need to see an asset to track it; simply scan near the asset to pick up the RFID signal from the asset tag.
This technology also automates asset location updates. With active RFID tags, you can simply press a button to instantly get an update on all tagged asset locations.
RFID technology allows you to receive real-time updates of asset movement. Active RFID tags constantly transmit their location to your asset tracking system. This allows you to constantly track vital assets at all times.
Why Use RFID Technology in Asset Management?
Reduce labor hours
Spend less time on locating assets. With RFID technology, you can receive automatic updates of asset location. This makes it easy to find that vital piece of equipment, reducing time wasted searching for assets.
RFID tags make performing inventory and audit significantly quicker. Workers use a scanner to find RFID tags, counting hundreds of assets in mere minutes. Reduce audit time by as much as 600%
Prevent loss of assets by setting up geo-fencing for assets. Create a virtual boundary in your asset tracking software. When an RFID tagged asset crosses that boundary, you receive an alert. You can use this to know immediately when an asset is somewhere it shouldn’t be.
RFID tracking allows you to collect additional information from assets to assist decision making. For example, you can easily monitor asset movement and use with RFID tags. You can use this to identify key assets to invest in and underutilized assets that should be disposed of.
Why choose eQuip! software for RFID tracking?
- Low cost via built-in middleware connecting with RFID fixed readers and mobile readers
- Streamlined data collection via native Android mobile eQuip! application on RFID readers
- Proven expertise in asset management means our team can help you create the perfect asset tracking system for your business
For more on RFID technology and asset management, view our SlideShare presentation: Bring RFID to asset management