THE FUNDAMENTALS OF ASSET TRACKING
Effective asset location is a critical part of how businesses work, especially when their supply chain process depends on access to the right items at the right time. Asset tracking essentially deals with tracking physical items and products as they move through the business process. This happens either by scanning a barcode label or an RFID tag that is generated specifically for that item, and which pinpoint the asset’s location.
Technology is constantly evolving and increasing the potential for businesses and other entities to carry out their work more quickly and efficiently. In the past few decades, Radio Frequency Identification (RFID) has greatly contributed to this increasing efficiency and productivity, and is gradually becoming a popular choice for businesses.
It is also becoming an ever more cost-effective investment for businesses who are looking to proactively manage the way they work. With this in mind, RFID can be integrated into Asset Tracking systems to further improve mapping of assets as they move through production processes, or transferred to other sites, as necessary.
How RFID Asset Tracing works
As with many other forms of RFID tracking, asset tracking features a system of generating unique identifying RFID tags that are attached to each asset. Each tag contains the relevant information for the product they are attached to, including product type, color, project name, asset category and other specifications.
The RFID reading device can either be a portable handheld device or attached to static objects at various points throughout a site. It picks up signals sent out by the asset’s RFID tag, either as that asset moves past or when the device is pointed in the direction of the asset to be scanned.
Once the reader has the information from the tag, it will send the information back to the centralized data storage platform. The more tags that are located around a site, the more accurate the location data for assets will be.
Automated asset tracking systems ensure that assets can be counted significantly quicker in stock taking tasks and inventory taking, compared to when this takes place automatically. When the assets are on an out-of-reach shelf in a warehouse or storage area, the user can simply aim the handheld RFID reader device towards the assets. The tag signals will be picked up if they are within the reader’s range.
Assets can be tracked using any of the following:
- Serial Number
- Batch Number
- Any field specified by the user.
Benefits of RFID Asset Tracking
Using the very latest asset tracking technologies from Tracking Vision ensures that businesses gain a fully integrated system that is both efficient and cost-effective. This means, simply, that businesses can easily plan, monitor, manage and control their fixed assets, whilst significantly improving their performance.
Businesses only have to look to Tracking Vision’s RFID asset management system to efficiently maintain comprehensive records of information, specification data, maintenance data and performance details for all assets. You can read more on how RFID Asset Tracking is used in healthcare here.
Using Tracking Vision’s RFID tags provide businesses with a significant improvement on barcodes, as users can scan multiple RFID tags at the same time, rather than individually. Tracking Vision’s system also ensures that data is in real time, creating quick updates to information on the centralized data platform.
As an automated system, there is also less risk of human error and incorrect data being entered onto the system. This ensures that businesses can cut down on the amount of time taken to inventorize assets stored within the warehouse, and can undertake more informed decisions.
Other benefits include:
- Efficient asset location;
- Accurate data on asset levels;
- Efficient inventory taking, reducing time and costs;
- Quick data entry;
- Easy maintenance and upkeep.
For more information on how Tracking Vision can help businesses with their asset tracking capabilities, simply visit our website.