Using RFID To Track Your Assets
Due to our current global economic situation, many companies around the world are doing everything they can to cut their costs. One of the growing trends lately in an effort to save money has been improving asset tracking. There are a few major issues that have arisen from poor asset tracking, including high cost, low efficiency, low reliability and poor overall performance.
Until recently, most asset tracking was done by hand, for example construction companies would have to send workers to sites and have them copy down the serial numbers one at a time and take manual inventory. When items were unable to be located, say human error, or maybe they were covered in snow or out sight, companies would have to re-order new parts and would now have extra, unnecessary and costly inventory.
Other alternatives to manual inventory were explored, such as Global Positioning Satellite equipment, however that as well had poorer than expected results. GPS equipment is large, expensive and fragile. It wouldn’t be economically sound to purchase GPS beacons to track inventory with the high costs associated, especially in these times of tighter than normal budgets.
An answer to the asset tracking problem has been found, and is now being implemented by companies all over the world. RFID or Radio Frequency Identification chips, work similar to a GPS system, but instead of satellites relaying the information, local antennas on the chips act as the wireless communicator.
RFID chips are very small, some even smaller than your pinky nail, and are very cost-effective. When coupled with an RFID Asset tracking program, such as AssetTraxx, companies can now cut down the time and costs of tracking their assets or inventory in more than half.
With real-time updates, the RFID chip will update with your every step. What that means, is that no workers will need to run around with a clipboard and pen. Simply place the small RFID chip on your asset, and you will have a low-cost, high efficiency, real-time asset tracking system.
No matter where you are located or what your business is, if you have assets that could be better managed and require real-time tracking, RFID chips offer a stress-free solution that can help save you time and money.
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