RFID in Asset Tracking Systems: Practical Solutions

Find out how RFID can track the location of a product at just about any stage in its lifecycle. From a mining site to the store shelf, RFID makes it easy to keep tabs on every item.

A rise in consumer and stakeholder needs has solidified the desire for asset-heavy agencies to adopt more streamlined asset tracking solutions. By implementing RFID technology, businesses can more efficiently monitor the activity associated with their capital goods.

How does RFID work?

RFID tags use radio-frequency identification technology to broadcast a signal through an antenna that is received by an RFID reader, which transmits data to a computer or database where the information can be stored for immediate use.

What is the difference between active RFID tags and passive RFID tags?

Passive RFID tags are powered by radio signals emitted from an RFID reader. The signals are sent to the chip of the tag, activating and powering the tag to send signals back to the reader along with the data contained in its chip. This process is known as backscatter.

Active RFID tags contain a power source, such as a battery, within the tag for a more substantial read. When using active RFID, the reader and present RFID tags continuously send signals to one another to collect data in real-time.

Passive RFID tags are a less expensive option than active RFID and can last a lifetime. However, active RFID is beneficial for receiving data from longer distances at faster rates.

What are the benefits of utilizing an RFID asset tracking system?

There are many unique advantages to purchasing asset tracking systems.; some of which include:

  • Reduce labor costs and increase efficiencies by knowing where your assets are and when they need to be repaired or replaced.
  • Save time locating asset documentation on spreadsheets and manual tracking methods with customized software that eliminates data errors with timestamps, dynamic dropdowns, e-signatures and conveniently stores information in one universal database for easy access.
  • Accessibility to asset tracking systems is relatively inexpensive and fits a wide range of business revenues.
  • Reduce theft and increase asset visibility with real-time tracking that allows businesses to pinpoint exactly where their assets are located.

What industries utilize RFID Asset Tracking Systems?

Asset tracking systems can be utilized throughout many different industries and are being adopted by more businesses every day.

  • HealthcareWith a wide range of high capital assets being purchased and transferred around medical facilities, it can be a time-consuming burden to track down equipment. With RFID technology, each asset can be labeled and tracked instantaneously.
  • AviationRFID technology has progressed exponentially throughout the past few years. Airlines across the globe are utilizing this technology to quickly determine the expiration dates on life-saving oxygen generators, establish whether each seat has a life vest safely secured underneath, and find out if medical kits have been tampered with. These seemingly menial tasks used to take airlines hours and sometimes days to complete, grounding operations and further reducing their bottom line. However, RFID technology has shaved days off what is now considered an archaic manual process, creating a positive return on investment.
  • Cleaning and Janitorial ServicesUpon initial thought, cleaning services probably don’t ring the loudest bell when it comes to high theft potential, but that would be a presumptuous thought. As of 2019, commercial janitorial services had a market size of 67.3 billion U.S. dollars. With the amount of personnel management and inventory control associated with this number, RFID technology allows these businesses to thrive. By attaching RFID tags to personnel badges, companies can manage employee performance, attendance, and location with the click of a button. RFID tags can also be affixed to company vehicles, laundry bins, and expendable goods to enable immediate inventory levels and real-time whereabouts.
  • RetailAccording to NASP, more than $13 billion worth of goods are stolen from retail establishments each year. This number equates to roughly $35 million EACH DAY.With the ability to tag products with RFID asset tracking labels, retailers can easily control stock and track inventory to reduce the threat of loss and theft.

By pairing RFID technology with asset tracking software systems, you can expect to save time, money, and sanity. These cost-effective systems are necessary for accurately managing and maintaining inventory, assets, and personnel in many different industries around the globe. Learn more about RFID tags and asset tracking software by visiting us today!

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