Asset tracking using RFID technology

Is your business losing profit because of bad inventory management? RFID is the solution.

 Asset tracking is the process of tracking vital information on the status and location of the asset using RFID technology. RFID solutions in Saudi Arabia are helping many businesses to run on profit through various RFID technologies.

Asset tracking is the process of tracking, capturing and updating data regarding the status and location of material through scanners or RFID tags. These are carried out by organizations to improve the usage and security of valuable items. Asset tracking is used for auditing to check the stock and usage of various materials supplied into the market by an organization. It is noted that organizations that fail to track assets can lose huge amounts on an annual basis.

Managing and locating important assets in the key challenge for every business. Business loses profit searching for critical equipment can lead to expensive delays or downtime, missed deadlines and customer commitments, and wasted labor. In olden days, this was managed using serial numbers, spreadsheets or using barcodes. But then, these conventional methods didn’t yield many results as these were time-consuming and tiresome.  Manual labour was required in checking the process. Studies and research in the field of security solutions found that RFID( Radio Frequency Identification Device) is the best solution for asset tracking.

An RFID asset tracking system uses electromagnetic fields to transmit data from an RFID tag to a reader. Whether you are talking about office equipment in a multi-story building or oxygen cylinders in a large hospital, tools, and equipment in a factory, or pumping equipment in far-flung oil fields, RFID can provide accurate, real-time tracking data for fixed and mobile assets. As an alternative to scanning, data can be entered manually into a central asset register. The register should offer fully-customizable fields for recording valuable asset data.

RFID is the future of asset tracking. RFID equipment now becomes a device of daily use in every business establishment. Construction companies, hospitals, and libraries are using RFID scanners to locate their tools, vehicles, valuables, hospital devices and also patients in hospitals.

Screencheck is one of the prominent dealers in the sales of different RFID equipment for various business requirements. Screencheck sells one of the most trusted brands in RFID, Impinj. Impinj wirelessly connects billions of items from the medical field, hospitality, air transportation, and automobile parts to consumers as well as to organization that deals with inventory management, patient safety, and asset tracking. Screencheck experts stress that Imping RFID solutions can bring considerable profit and can be easily maintained within a safe budget.

RFID equipment tracking is used in tracking valuable assets within a company which can be monitored from the very first day of installation, through their entire usage duration. A study done with various organizations showed that they were consuming a lot of man-hours in locating and sorting inventories. Some organizations found it difficult in knowing the whereabouts of various equipment and devices once delivered to their clients.

Brands like Impinj and other RFID manufacturing companies designed asset tracking solutions that didn’t interfere with any on-going projects and also they came up with a solution to track mission-critical assets and for non-mission critical assets. Impinj after various studies with dealers like Screencheck is now providing long-range active solution and a short-range passive solution. Mission-critical asset tracking using RFID asset tracking tag has a reading range of 1700 feet in open space and they have minimal impact on their infrastructure requirements. The technology used is 915Mhz and it doesn’t interfere with any Wi-Fi network. This could enable any client to take a real-time inventory list of all their assets at any time with just a push of a button.

Short-range passive solutions with a range of 8- 35 feet were also manufactured which were less expensive and more affordable to start-ups as well as medium warehouses. RFID machine comes with interfaces and data storage features so that the RFID asset tracking system would read all the tags and update the system with the last location of all assets in the cart.

Various industries benefit from RFID technologies which makes their system work orderly and more efficiently.

1. 1. Airline companies: Flight equipment and luggage can be tracked faster by the implementation of RFID technology.

1. 1. Animal Farm: Various data regarding the vaccination, immunization and feeding habits can be now stored in an RFID tag worn on pets.

1. 1. Health and Pharmaceuticals: Medical stores can now able to monitor their stocks quickly without a nurse wasting time counting the availability of medicines. Hospitals can utilize this technology for recording and saving a complete medical history of a patient.

1. 1. Retail Stores: Supermarkets are now able to track millions of their items using RFID chips, in a cheaper and timely manner. This helps to minimize having goods that are in demand and thereby keeping an active warehouse without losing money on unnecessary items.

1. Logistics: The radiofrequency readers make it possible for distributing companies to confirm their existing stocks within their warehouses. Because these chips are automated and unique, this whole delivering and receiving process with a company’s consumer goods is now human error-free.