Do More with Less

Manual data entry leaves a lot of room for error. People in the industry know that reading, writing and entering asset data take up much of their workers’ time and that people are not available anymore for this tedious error prone work. When you have numerous people throughout the company inputting asset data, there are going to be mistakes. You could deal with this by having several people look over the entries, but this is time-consuming and still wouldn’t eliminate human error. On top of this, the process is repeated multiple times during receiving, filling, issuing, and tracking. As assets grow from hundreds to thousands, the errors grow exponentially. Up to twenty percent of manual entries are incorrect, and this sets a chain reaction with the result that neither you nor your customer trusts your data. These errors aid in losing the asset resulting in low productivity and big losses to the bottom line.

Most errors occur during the “last mile” – delivery of wrong asset to wrong customer makes it non-useable. No actionable data is available to logistics team at point of action – test due, asset recall, and customer outstanding. If physical damage data is collected, no mechanism is in place to transmit it automatically to operations at the plant to embargo cylinder for service. Ultimately, lack of up-to-date data results in the inability to easily locate asset and access asset’s operational status when it is most needed.

TRAKAID Asset Tracking Solution is a cloud hosted comprehensive asset tracking and logistics solution and covers all aspects of the business including Receipt, Issue, Delivery, Pickup, and Service. Solution helps the enterprise to manage its multiple locations, view real-time data from anywhere at any time of all their critical assets, and their impact on associated business processes. The solution offers rich dynamic on-line reports complemented with rule-based alerts and notifications that helps manage assets proactively and apply timely controls.

The Solution uses latest web, mobile, and database technologies – agile, modular and scalable architecture – data validation and processes in compliance with good manufacturing practice – and Information Governance for ensuring data integrity.

The Solution automating data acquisition and uses the latest auto-ID and RFID technology. Data is acquired when the cylinder passes in front of a fixed or a hand-held reader thus eliminating errors associated with manual processing. This provides 100 percent accuracy in data and at the same time reducing the manual effort and lowers the labor costs.

The Solution empowers the user by providing intelligent actionable data at point of use, and uses the latest mobile technology integrated with RFID readers to bring the process validation in the hands of the user at the point of action – managing manufacturing processes or logistics functions of pickup or delivery. The mobile RFID Reader reads the RFID Tags associated with the asset and the same is validated and processed before aggregating the information about an asset’s location and status.

Assets are registered and checked-out \ checked-in within intra company locations, with company personnel, or with customers. Asset may be sold to customer.