Is your company dealing with identical fixed assets? If yes, making mistakes can be frequent. It would help if you integrated a built-in Radio Frequency Identification (RFID) software to verify all the assets in real-time.
Whether a large enterprise or a small business, a holistic asset management solution is very helpful in streamlining the life cycle of assets. Since these assets are highly valued, businesses must always track them to generate maximum revenue.
The technological boom has prompted every organization to adapt this tracking solution with the physical assets so that logistic management remains fully operative. With the universal adoption of the asset tracking system in multiple business sectors like logistics, manufacturing, retail, and healthcare – the global market share is expected to grow in the next few years. If your company is also looking for the most potential RFID asset tracking system, read this informative blog and learn what the tracking technology offers its customers.
A Basic Understanding of RFID Asset Tracking Technology
These days, distribution channels face something that is proper management of valuable assets. Manual management often causes wasted labour, expensive delays, and missed deadlines. Among all the available asset monitoring systems, RFID tracking technology comes the most effective solution to provide complete efficiency.
As against manual monitoring, the RFID asset tracking warehouse automates the administration process; thus, it becomes easy to know the assets’ names, amounts, present conditions, and locations.
The highly efficient system helps a lot in making everything easy as well as saving time. Moreover, the electromagnetic solution helps lower labour costs and stock levels, thus enhancing customer satisfaction.
Also read: What is RFID Technology and How Does It Work?
Benefits of Automating Your Asset Tracking System with RFID Technology
The versatile technology is applicable in various applications of a business firm – from taking control of the manufacturing process to equipment maintenance, asset tracking, and management to end goods distribution. RFID has become the heart of the business, which is highly beneficial in marinating the overall system’s efficiency. Look at some pros of operating the business with an RFID solution.
- High accuracy of the inventory records
- Zero-error monitoring of valuable assets
- Real-time data collection
- Keeping track of numerous assets at once
- Maximization of inventory accuracy
- Enhanced asset visibility
- Easily locating misplaced goods
- No need for human intervention
- Enhanced traceability with checking of asset quality
- Up-to-date information on the stocked goods & items
- Automation helps in saving a lot of time and money
- Improved compliance with regulatory authorities
- Higher productivity with revenue growth
- Mitigation of theft, loss, and misdistribution of each asset
How Does the RFID Asset Tracking Software Perform in Supply Chain Management?
Whether you integrate the asset tracking software in warehouse management or agriculture management, the basic functioning will remain the same. For considering the electromagnetic system, you require basic equipment like an antenna, RFID tags, an RFID reader, and an electronic database system furnished with the asset tracking system.
With the asset, you have to attach the RFID tag to store real-time data, the antenna spot the signal of the adjacent RFID tag, the reader will receive the stored data, and the data is evaluated on the database system. Depending on the nature of your business, you must deploy the right tracking solution.
Factors to Take Into Account for Selecting the Best Tracking System
It is best to select the tracking system only after checking its capability to be fit for a typical application. Since the market is filled with plenty of tracking technologies, you must imply the best one after considering the budget and other influences.
Tracking Quantities
Before you install a robust tracking system, you need to know the complete quantity to decide on the number of tags, as it will be sufficient to track down the whole batch.
Automation Level
It is always better to opt for an RFID solution to automate the identification. With an increased shortage of manual labor force, companies are turning towards seamless tracking of assets.
Value of the Stocks
If your distribution channel handles low-valued parcels, opting for a barcode system is best. On the contrary, the RFID tracking system should monitor costly assets.
Geographic Location
You must identify whether the stock items will be kept indoors or moved around a geographic area. To know the tracking location precisely, it is better to opt for GPS capable tracking system to get strong signals of the tracked items.
Environmental Condition
If your tracked items have to stand against extreme weather conditions or chemical exposure, it is better to adopt RFID tags. In a highly contaminated environment, barcodes are not at all suitable.
Does Your Business Need Personnel Tracking Software?
Along with the importance of numerous asset tracking, large enterprises ensure that every employee gets the utmost safety within the organization. Personnel locating enables pinpointing the exact location of the employees, especially in emergencies.
If you do not want to welcome unauthorized entry into your working environment, you should enable this RFID personnel tracking software to increase productivity and workforce transparency.
Managers must monitor their subordinates to determine their daily routines and ensure increased productivity. This employee tracking system helps keep track of the employees’ working hours.
To simplify the overall core HR management, it is best to establish a robust personnel tracking solution so that you can easily monitor the employee’s locations and endeavours. With the decision to integrate a powerful personnel tracking software, you get the following information on your workforce:
- Growth in overall productivity and efficiency
- Controlling employee conversations through phone
- Tracking of websites visited by the employees
- Monitoring of movement of employees within the workplace
- Surveillance through video tracking software
- Streamlining performance of each employee
- Building a strong employee-employer relationship
- Understanding the employee performance on a real-time basis
Get Started With an Employee Monitoring System to Boost the Company’s Capabilities
Are you concerned with employee engagement in completing projects on time? The automated tracking system enables the overall controlling performance of the workforce. Employees often take advantage of the given privileges and miss their deadlines to generate profits. When you use the best tracking practices within your organization, you have full access to each person so that the assigned tasks will be completed on time.
To focus on the organization’s security system, it is worthwhile to prioritize employee tracking to deeply understand their contribution to the company’s development. It is not always possible to manually monitor each employee within a large enterprise at a time.
Thus, efficient employee monitoring software contributes to boosting employees’ morale and meeting the company’s goals.
Educate Yourself With the Most Potent Tracking Software to Boost Overall Productivity at the Workplace
This article shows the potential advantages of using RFID asset tracking software and personnel tracking software within your organization. By effectively functioning these all-new automated tracking systems, employers and employees can enjoy maximum benefits.
You must first identify the project requirements to decide on the most suitable software to boost work efficiency. Make sure the adapted system can be customized to expand its application at its best.
Hope the discussion above was insightful and will help you to have a better understanding. In case of any suggestions or queries, please feel free to share with us below in the comment section with us to make it more interesting for others.
