Application of RFID technology in asset management

Use RFID technology to identify the real-time location of Assets

In many manufacturing, logistics, and other business environments, tracking or identifying assets can be a significant challenge in a real-world work environment. Knowing exactly where your assets are located saves time locating, using and maintaining them. This applies to any type of mobile asset: including recyclable shipping items, Tools, test equipment, safety equipment, laptops, and finished goods in production lines. The inability to locate key parts, tools or personnel will reduce the efficiency of the entire production line and even affect normal production, resulting in unnecessary cost waste and production delays.

Application of RFID technology in ASSET MANAGEMENT

Real-time location tracking

Applying asset tracking to healthcare systems

In order to know the specific location and available inventory of medical equipment at the first time, the company uses real-time location systems (RTLS) to track critical medical equipment and report and analyze key data to improve the efficiency of the medical system. The system detects and records the location of various medical assets in real time, allowing this information to be used to provide smart inventory alerts, oversee workflow and improve efficiency.

RFID medical device management

How does RFID technology realize asset tracking?

Companies can customize the best RFID asset tracking solution based on specific usage requirements and budget. For asset tracking needs where it is sufficient to obtain the approximate location information of the asset (i.e. which room, which department), you only need to install passive RFID electronic tags on the assets, and then place fixed readers in each area or area. Entrance, for example in the form of a passage door. The reader then identifies the tagged asset as it passes through the door and updates the asset's location in a central database.

In order to accurately locate assets in real time, active RFID electronic tags can be installed on the assets. Active RFID electronic tags will emit radio signals in real time. After receiving the signals, the receiver will upload the information to the backend system, and then the backend system software will calculate the actual location of the asset in real time.

The web-based application allows users to access a central database to obtain the location of assets during a specific time period.

The company's RFID technology management solutions can interface with other business systems, such as asset management databases or ERP systems, to help improve asset visibility, optimize utilization and enhance overall operational and financial performance. The system can also help you automate data collection, which can reduce the resources required for management, manufacturing, logistics or other operations.

Application of RFID technology in outdoor asset management

Advantages of RFID technology in asset management applications:

Improve efficiency

Knowing the real-time or last known location of an asset allows users to find the asset they need faster, reducing the time spent searching for it. Historical data can also highlight when assets are in short supply or help control inventory levels and whether the number of assets in stock can be reduced to free up funds.

save time

Using RFID technology, assets can be identified and their location recorded faster than any manual process such as barcode scanning. Using RFID can automate a task that might take employees hours or even days, such as performing an audit.

cut costs

Knowing where your assets are can significantly reduce costs. Increased utilization levels mean that less inventory of assets is typically required, without the need to purchase additional items to meet demand. Additionally, misplaced items can be easily found, saving replacement costs.

For analyzing and reporting asset data

Tracking assets allows you to collect data on maintenance history, usage, location, and Store entry and exit. This can provide valuable data to hold buffer stock or allocate assets.

strengthen accountability

Asset location increases manager accountability because it is possible to know who is using an asset where and where. This often makes workers feel more responsible for the items and reduces damage to the equipment in the long term. It can also help identify training needs if a specific asset is frequently damaged after use by a specific department or by a specific user.

Improve security

In an emergency, knowing the exact location of critical items is crucial. RFID technology can be used to track these items and ensure they can be found quickly. It also ensures regular servicing to ensure proper maintenance and safe use.

Compliance

Tracking assets can help you meet regulatory requirements, for example, by being able to locate assets when they need repairs. This ensures that you are following regular maintenance procedures and that all assets are being used safely.