One of the most complex challenges large organizations face is efficiently keeping track of critical assets while reporting real-time item disposition. It is a scenario that, without a reliable, automated asset tracking system, often increases redundancies, expenditures, and labor. Asset tracking system is a fully integrated asset locating solution that tracks and monitors assets in real-time.
Key Benefits of Asset Tracking
Sales Growth
Retail stores have shown 8–10% sales growth by knowing what they have in real time. Using RFID technology for real-time stock analysis ensures popular items don’t run out of stock.
Quick, Precise Identification for Inventory
RFID allows items to be identified quickly and reliably. The speed of data capture using an RFID system is less than 5% of the time required for a manual process.
Data Source
RFID tags have a memory chip installed, allowing storage of an item’s location, serial number, manufacturer, photo, use history, and maintenance schedule.
Live, Accurate Database
An operational RFID-based asset tracking and inventory management system ensures a live, accurate asset database.
Faster Distribution
The efficiency and accuracy of the selection process created by RFID management systems enable faster distribution.
Reduced Labor in Logistics Management
Keeping track of assets can be extremely labor-intensive and time-consuming. RFID reduces this with enhanced logistics control.
Improved Read Accuracy
RFID achieves a read accuracy of over 99%, and its process speed is less than 2% of that of a manual process.
Multiple Items at Once
RFID tags use radio signals to identify an item, so there’s no need for line-of-sight. The ability to read multiple items quickly results in a faster read than with a manual barcode scan process.
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