RFID Fixed Asset Tracking System Of Your Valuable Inventory

package tracking system

Almost all companies and government entities carry inventories stocked with expensive assets. The items may differ widely – from high-cost tools to electronic equipment to unique valuables – and each of them needs to be protected. One of the best ways to do this is by using an RFID equipment tracking system. Such asset tracking systems provide you with the ability to locate, identify, and track items specific to an organization from anywhere and at any time.

In this blog, we are going to talk in detail about the RFID fixed asset tracking system and how it contributes to the smooth functioning of businesses.

What Is RFID Fixed Asset Tracking?

Gone are the days of obsolete technology and of all the old-school manual methods that were used for tracking assets and managing inventory! RFID fixed asset tracking is a better alternative, as it requires the latest technology to do the job.

In such systems, fixed assets tracking software is used to track and manage fixed assets in an organization. The software relies heavily on RFID tags and RFID readers that are linked to a database to collect and store the gathered data. With the help of RFID technology, you can not only speed up your audit tasks and conduct asset tracking in real-time, but also efficiently complete the production with reduced downtime.

Basically, there are two types of RFID tags – active tags that offer long read ranges up to 100m and passive tags that are powered by the radio frequency energy transmitted from RFID readers. Depending on your business requirements, you can choose one that will give you the best results.

What Is The Difference Between RFID And Barcode?

The full-form of RFID is Radio Frequency Identification. Just like a barcode system, RFID uses a unique tag that is connected to an individual asset. RFID devices, however, are far more advanced than old barcode tracking devices. They capture information from digital data encoded tags through radio waves and then provide it to you. RFID not only has a wider capture region in terms of radius, but can also reach assets that are not easily accessible – such as mines. Another prominent difference between an RFID and a barcode system is their cost. An RFID tracking system is more expensive to implement in businesses as compared to simply adding a barcode machine.

The Key Benefits Of Tracking Assets With RFID

Remember that fixed assets are tangible things used in your organization to create value. Hence, not managing them properly can lead to costly consequences. It is a wise choice to put an RFID inventory management system in place to track them and ensure that your asset records reflect the stock’s physical reality. Here are some of its many benefits.

  • RFID allows you to read multiple tags at once without requiring a direct line-of-sight between the reader and the tags. With RFID, an entire room full of assets can be tracked within a few minutes!
  • RFID makes it easy to keep critical information on assets’ usability and lifecycle. It helps you know when your inventory will be going out of stock and procure the items before being in an actual crisis.
  • RFID makes it possible to locate and manage assets from a remote location by connecting to a wireless LAN.
  • After syncing with sensors and GPS technology, RFID not only gains the capability to provide asset condition data, but also crucial information on its location.
  • RFID improves asset security by generating real-time alerts and alarms if an asset is moved from its place.

Ultimately, with easily accessible information on assets’ locations, most management tasks can be done more efficiently and with enhanced productivity.

Whether it is a laptop or an important warehouse item, RFID tracking systems help you track your valuable assets, so that you know exactly where they are at all times. If you have any questions, you can reach our experts at support@trakaid.com!