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: RFID Systems for Asset Management – The Young Technology on Its Winning Path

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Title: : RFID Systems for Asset Management – The Young Technology on Its Winning Path


1
RFID Systems for Asset Management??The Young
Technology on Its Winning Path
2
Intro
  • In the competitive business era, success is
    mainly about maintaining the focus between
    increasing efficiency and decreasing the
    operational cost. Advancements of technology
    world do attract industries to fetch the maximum
    out of tech tools to accomplish their business
    objectives. Diversified RFID systems are one the
    young technological developments that are
    expected to automate many laborious processes in
    industries like retail, supply chain and
    logistic, manufacturing, aviation, hospitality,
    healthcare.
  • RFID Radio frequency identification is a simple
    form of wireless communication. It has got
    ability to detect objects through radio signals.
    Based on requirement and usage, its different
    frequencies are utilized to create RFID systems
    with different standards.

3
  • Out its many active usages, the most popular
    usage is related to asset visibility. Once the
    little, battery free and barcode look like RFID
    tag is fixed with the asset, it is easy to track
    that asset with integrated readers or systems. It
    is possible to use relevant RFID solution as an
    independent asset management system. The best
    part is potential RFID systems can easily get
    integrated with enterprise solutions or other
    software solutions and enable the end to end
    automation of asset management along with
    relevant compliance processes.
  • Customized or industry specific RFID system
    solutions have positively influenced many
    critical business areas.

4
  • Top 6 Advantages of Asset Tracking System using
    RFID

5
Effective inventory management
  • Inventory issues are one of the most critical
    affairs for many industries such as retail,
    manufacturing and healthcare as sometimes they
    unnecessarily block the flow of investment. Poor
    inventory management may lead to loses as
    well. Asset Management System using RFID not only
    increases the accuracy level at inventory but
    also supports the strategy of driving profitable
    business through efficient inventory management.
    Easy tracking of asset type, quantity and
    location along with its predefined movement
    priorities provides a clear and bigger picture
    visibility to decision makers.

6
Smooth supply chain management 
  •  Supply chain plays a vital role in on time
    delivery of goods leading to greater customer
    satisfaction and long term business
    relationships. Business houses keep maximum
    efforts to make it cost effective and error free.
    Asset Tracking System using RFID can manifest the
    possibilities of having smooth and reliable
    supply chain. Shipping items glued with RFID tags
    allow the head custodian to recognize that how
    transportation is transpiring. RFID systems
    specific to logistic industry can deliver even
    more effectual results in systemic approach of
    handling routine or event base freightage
    operations.

7
Escalated security of assets
  • Security of goods or assets is of course very
    significant for any business. Whether the assets
    are sitting in inventory or they are involved in
    any other process, their security does matter to
    industries. Especially for high priced assets, it
    is feasible to integrate RFID systems with
    security alarm system through customized
    application of technology. Precise solutions
    offer even advance features and they can obstruct
    any unapproved movements or activities if done
    while handling assets.

8
Automated record and compliance management
  • Industries such as healthcare and aviation have
    to maintain huge level of record keeping for the
    assets as a part of regulatory compliance
    procedures. Advanced RFID solutions consolidated
    with enterprise solution or other relevant
    software solution automate this tedious, time
    consuming still extremely crucial practice.

9
Reduction in operating cost
  • As projected, it has been noticed that strategic
    usage of RFID systems reduces total operating
    cost up to possible level. It enables maximum
    utilization of asset life cycle, especially in
    industries like aviation which ultimately gets
    resulted in optimum cost saving.

10
Incredible quickness in work flow
  • It is possible to set up automated tracking of
    multiple assets concurrently. It is also feasible
    to set up the digital signal to observe them as
    per predefined parameters. It saves huge amount
    of human time and efforts and make the work toil
    free. As a result, business houses can easily
    optimize their routine work practices.

11
  • So far, logistic and aviation industries have
    tried to explore the maximum advantages of RFID
    solutions and have achieved remarkably positive
    results as well. Retail chains have also
    initiated experiments with such technological
    advancements.
  • Technically, there are various methodologies for
    development, customization and implementation of
    RFID system solutions. RFID specific iPad
    Application Development is also a popular
    technique in which the iPad application gets
    incorporated with the RFID reader and enterprise
    solution to attain desired goals. As mentioned,
    this technology is still passing through the
    young phase and there is a long way to go.

12
  • Original Source
  • https//medium.com/_at_AzilenTech/rfid-systems-for-as
    set-management-the-young-technology-on-its-winning
    -path-7cfaa23eb0b5

13
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