RFID warehousing automation logistics and asset management under the application of the Internet of Things

As global manufacturing and supply chains become increasingly complex and interconnected, companies around the world are harnessing the power of wireless IoT technology to simplify factory automation, logistics tracking and Asset tracking. According to a report by Data Bridge Market Research, the global asset tracking and inventory management solutions market will continue to grow steadily over the next few years and will reach USD 41.24 billion by 2027, during the forecast period, 2020-2027 , will achieve a market growth rate of 13.7%.

The end-to-end ASSET MANAGEMENT system based on the Internet of Things platform can provide a comprehensive layout of raw materials, work in process (WIP), finished product inventory and real-time tracking, extending from the management of the execution process to the management of terminal delivery. These asset management systems, can also assess the health of the capital equipment used to produce and transport these goods, thereby minimizing the cost of repairs, downtime and downtime. By providing data on the location of high-value goods through RFID technology, companies can have a global understanding of the logistics chain. Regardless of whether a company owns a complete logistics chain or shares resources with other companies, decision makers need a transparent view of real-time information at every point. A comprehensive supply chain management system, ultimately enabling predictable planning, minimal inventory loss, guaranteed regulatory compliance and customer satisfaction.

The future of business optimization lies in collecting details about inventory, people, and the progress of each task in stages (essentially in real time), and RFID technology is the way forward for all of this. RFID technology uses multiple RFID read-write devices and a complete set of RFID electronic tags and RFID Antenna matching solutions, through the installation of RFID devices at each node, to achieve refined asset management and asset visualization.

The application of UHF RFID technology in warehouse management system has the following advantages:

1. Improve management accuracy, management accuracy and convenience of operation;

2. To improve the efficiency of enterprises, with the assistance of RFID technology, two kinds of electronic tags for packaging and cargo location are used for asset management;

3. Improve the accuracy of entry, exit, storage, and movement to track warehouse goods;

4. It is conducive to purchasing and making order plans, and accurately records the inventory of materials corresponding to the location;

5. The staff can quickly locate the goods according to the label and automatically adjust the storage position in the system;

6. In inventory counting, separate from documents to improve inventory efficiency;

7. Effectively distinguish between physical inventory and listed inventory, effectively manage the time difference between tickets and objects, and facilitate reconciliation.

Through RFID technology, each person can be equipped with an RFID electronic tag. Through the RFID reading devices installed throughout the factory, each product has its own "identity code". Through the UHF RFID reading equipment distributed in various circulation links, the location of the product can be known at any time, so that the manufacturing company can know the whereabouts of its products well, thereby helping the company to achieve information standardization and rapid Logistics Management. Through the real-time data processing method of the RFID warehouse management system, the response speed of the system can be improved, high-quality services can be provided for customers, and real-time and accurate decision-making reference data can be provided for managers. It fundamentally guarantees the accuracy and unity of the actual operation, logistics status and background database anytime, anywhere, and at the same time further improves the operation efficiency and truly realizes the scientific management of the warehouse.

Companies across all industries and geographies are harnessing the power of IoT to gain greater value and efficiency from logistics and supply chain operations. RFID technology supports asset tracking of the Internet of Things, allowing enterprises to accurately locate the location and condition of assets anytime, anywhere throughout the entire transportation process.