3 Ways RFID Can Save Costs & Boost Operational Efficiency
Due to fierce competition and rising consumer demands, manufacturers seek to streamline and improve their operation processes. With RFID, workers can identify and track assets across the supply chain using RFID technology, which has proven to be a highly successful.
RFID readers provide pinpoint accuracy, can easily monitor and identify assets in their immediate surroundings, unlike barcodes, which require a direct line of sight with limited information.
RFID in facility management: what is its role?
Location tracking is one of the many uses of RFID technology. For example, RFID in retail is used to manage inventories. Software interfaces allow users to monitor pallet counts and exact amounts of products on the loading dock.
A CMMS used by facilities management can generate work orders, but it may take a while to reach the technician. RFID integration combined with an online solution would make tracking mobile assets in real-time easier and reduce the need to search for them.
Moving assets can be identified, items like hospital wheelchairs or utility carts. In addition to providing security, RFID can provide helpful information. A transfer of assets outside a particular area or building could trigger an alarm. RFID can prove to be a handy tool when it comes to maintaining assets or buildings.
Aside from optimisation and efficiency, one of the lesser-known advantages of RFID is its ability to reduce costs in terms of time and money.
Find out how RFID can help companies save costs in 3 ways.
Real-time tracking of supplies
An RFID tag can be attached to every item in the supply chain, from raw materials to finished products. Warehouse managers can verify departing and incoming shipments with specific data, facts and numbers to ensure daily, weekly, and monthly progress levels can be maintained.
Data availability ensures a productive workday, any inaction caused by delayed data is no longer an issue. Workflow systems, however, can experience errors and delays at any time, such as delays in shipments. Nevertheless, managers may quickly detect such problems with the help of technology such as an RFID asset tracking system.
Enhances receiving bay throughput
Many businesses use barcodes in their fixed assets, such as warehouses, factories, and other similar processes. However, barcode technology has limitations because it can only scan one item at a time and requires direct line-of-sight to function.
Companies may lose time by going through this gradual but consistent process. RFID upgrades have dramatically increased throughput levels in the receiving process. With RFID, items can be scanned several times simultaneously without requiring a direct line of sight, which makes it possible to accomplish these tasks. With improved speed, businesses can save both time and money.
Improves Fulfilment Centre Picking
Order picking is one of online fulfilment centres’ most costly and labour-intensive fulfilment processes.
With RFID tags, warehouse pickers can instantly identify the contents within a box, reducing picking errors and allowing fast verification.
Conclusion
RFID technology is essential in many businesses involving tangible products and materials. Undoubtedly, one of its many benefits is its cost-saving measures. RFID companies such as e-TagRFID provide customised solutions to meet individual business needs.
