RFID tracking is an efficient, cost-effective way to manage your assets and improve the efficiency of your business. It can be used for a wide range of applications, from inventory to supply chain management and more.
An RFID asset tracking system can automate the manual processes of asset management and bring significant labour savings. It also increases data accuracy and increases visibility.
Asset Tracking
Asset tracking using RFID systems is a popular way to monitor and track equipment, tools, vehicles and more. It is used in various industries, including healthcare, transportation and manufacturing.
RFID tags are attached to the assets that need to be tracked so that data can be transmitted wirelessly. It allows for more efficient asset management and inventory.
For example, when Air Canada needed to track food carts, they could put RFID tags on each one so that employees would know where each cart was located at any given time. It saved them millions of dollars in lost or unaccounted-for carts each year.
Additionally, RFID can be used to store critical service information so that technicians can access it on-site. It helps ensure that maintenance work is completed correctly and that critical components are not missing or misplaced.
The technology also allows for real-time location updates, eliminating the need for manual scanning of barcodes. It saves time and improves the accuracy of the information collected, making it more useful for business operations.
Various industries rely on asset tracking systems to help them keep tabs on everything from a single laptop to complex equipment, such as a production line or a warehouse. Many also want to streamline their processes and use the technology’s labour savings and efficiency gains.
RFID tracking solutions have been designed with today’s mobile working environment in mind. They can manage various processes, from check-in and checkouts, transfers and inventory to asset maintenance and repair.
In addition to tracking, RFID can also be used for quality assurance and health and safety checks. It can prevent costly process delays due to improper asset use or failure to follow quality procedures.
Another benefit of asset tracking is that it can help companies save money and reduce waste. When a company has accurate information about its key assets, it can avoid overpaying for goods or services it doesn’t need and saves money by not re-ordering items when they aren’t in stock.
Inventory Tracking
RFID inventory tracking is a system that uses tags to identify products and track their movements throughout warehouses. It can also be used to track goods that have been lost or stolen.
There are several benefits to using RFID, including improved security and efficiency. However, it’s important to consider the cost of implementing an RFID system and whether it is the right solution for your needs.
The costs of creating and managing RFID tags have decreased significantly over the last several years, making them affordable for most businesses. They are also a great way to increase inventory visibility in warehouses and distribution centres, allowing operators to know where goods are at any given time.
Unlike barcodes, RFID tags don’t require line-of-sight scanning to be read. It reduces the time it takes to do inventory and improves overall accuracy.
In addition, RFID can be used to track pallets and containers, making it easy for warehouse managers to keep an eye on these items as they move around. It increases employees’ productivity and ensures that goods get where they need to go quickly and efficiently.
Another benefit of using an RFID inventory system is that it can eliminate labour costs. Labour costs account for as much as 50-80% of the cost of a distribution centre so any savings can impact bottom lines.
RFID can also help streamline other inventory tasks, such as check-in, counting and shipment verification. It can save warehouse staff time and prevent costly errors, such as shipments being counted twice
RFID is a powerful asset management and inventory tracking solution that can be used in any industry, from health care to retail. It is designed to replace manual and outdated ways of tracking assets, boosting efficiency and visibility.
