What is RFID Asset Tracking?
If you’re in charge of a business or a particular unit within an organization, chances are you’ve wanted to know about which assets are owned, who they’re being used by, or where they may be located.
You’re not alone.
This need is shared by decision makers around the world and is the reason why Asset Tracking Systems have emerged as a must-have technology in today’s competitive business landscape.
Here are some common questions Asset Tracking can solve for businesses:
- How can we keep track of our laptops, tablets, and other electronic devices?
- Is it possible to help our nurses find wheelchairs and infusion pumps quickly?
- How can we minimize misplaced parts and tools in our factory?
- How can we track our armored vehicles and specialized equipment?
- How do we reduce expendable packing costs?
- We need to track which trailers are entering or exiting our yard. Is it possible?
- How can we track our pallets?
- How can we track our returnable containers?
- Is it possible for us to tag and track individual livestock?
Asset Tracking using Radio Frequency Identification (RFID) is the answer to these mission critical problems. By using GAO RFID Asset Tracking, you are deploying state-of-the-art equipment to locate the whereabouts of your company’s valuables. Knowing where they are means you can show accountability in your business units and have an extremely clear grasp of your asset utilization.
Asset Tracking using RFID
Asset Tracking uses Radio Frequency Identification (RFID) technology to locate assets. RFID tags take the guesswork out of Asset Tracking. These tags are attached to the things that matter most to your business, anything from computers to livestock. In turn, the RFID Tags broadcast the locations of these items. This gives you real-time information on the status, movement, and position of every asset.
As an example, in the Automobile Manufacturing industry, suppliers struggle with locating returnable containers. By using RFID Asset Tracking, an enhanced visibility of the containers is provided, giving you the ability to locate them within the expanse of your supply chain. This ultimately reduces your cost of ownership for returnable containers and puts knowledge in your hands.
Does your business need Asset Tracking?
Many companies are not familiar with the existence of Asset Tracking systems and often struggle with determining the cost/benefit of this technology. The following questions will help you decide whether your business is ready for Asset Tracking:
Do you have long-term physical assets that are moveable?
If you have expensive mobile or portable assets that can be misplaced or stolen, then being able to track and locate these items might be what you need.
How many of these items do you own?
The more mobile and portable assets you own, the greater the need you have for Asset Tracking. While sometimes the thought of losing one small asset is trivial, imagine how in a shipping yard that is charged with maintaining thousands of containers, one small loss can quickly multiply if left unmonitored.
Once lost, what are the chances for these assets to be located again?
If you feel it is virtually impossible to locate valuable company resources once they go missing, an Asset Tracking system will provide you with a greater potential return on your investment.
What are the consequences if you cannot locate these assets?
For many industries, the loss of certain assets may result in consequences more severe than financial losses: legal, safety, health, security, and privacy can all be greater concerns to your company when an asset is lost. This is where an Asset Tracking System can become an integral part of your operations.
How much can you potentially save by being able to track these assets?
While every company calculates potential savings differently, a general approach is to accept that the savings for a company can be significant due to gains in labour, productivity, and the prevention of theft.
If any of the questions above touched on issues you are currently experiencing, then GAO Asset Tracking can help you better manage your business.