3 Ways RFID Enhances Fixed Asset Management
Conventional asset management systems, including barcode readers, asset tags, and human involvement were used previously to track asset management. However, with the use of RFID technology, a requirement of line of sight isn’t necessary for staff to keep track of assets – quantity-wise or condition-wise.
For example, aerospace RFID has been utilised to keep track of plane components, keeping a constant check on their condition, without having to be physically present with the parts in person to assess their state of health.
Read on to understand how RFID technology has a significant impact on fixed asset management.
Increasing data capacity
Initially, companies and businesses used barcodes to store data on products. The problem was that these barcodes were limited in the amount of data they could store. Therefore, a new innovative method presented itself as a solution – RFID technology.
As mentioned, any information can be obtained from a distance as long as the RFID tag is embedded – easily getting hold of data of numerous assets in mere seconds. Similarly, it also allows staff to alter any data about certain assets.
Tightening security
Past labels used on items and assets are a lot easier to counterfeit due to their particularly weak security form. Additionally, traditional asset tags will usually have to be visible for checking purposes and can be easily altered or removed by an individual.
RFID tags, on the other hand, comprise of unique identifiers which cannot be changed. Also, they are completely invisible and can be hidden inside mechanisms or covers. If necessary for safety reasons, RFID tags can be moulded into the fibre or plastic components of the asset, where the tags cannot be accessed without causing damage to the asset.
With RFID tags, it’s also possible to passively monitor the existing location of assets. Using RFID portals, the movement of assets within the warehouse or facility can be tracked, and it’ll also inform the staff if an asset is taken out of the facility.
Improving flexibility
Traditional asset tags may only allow information to be stored for that period of time, and be unable to alter any existing data or replaced or updated with new information.
Besides being known as a great asset tracking system, RFID tags can be reprogrammed with new data whenever required. Moreover, tags can be re-assigned from an old item to a new one.
As such, it’s able to provide a lot more flexibility, ensuring that items are constantly updated over time.
Enhancing durability
Generally, traditional asset tags are known to be significantly durable. But less costly poly and papers labels are more prone to damage, hence, making it tough to read data when required.
Meanwhile, RFID tags are made in a way that makes them able to overcome different conditions, such as harsh weather patterns, without being damaged. This is due to the identifying function within the RFID tag, known as the antenna, which protects it from damage through a protective layer of material.
Hence, this makes them a great option to use during the delivery of products due to its durable nature.
With RFID implementation in place, it doesn’t only help to improve fixed asset management; but also help in other areas like customer service and increase work productivity. So, be sure to engage with the right RFID companies and the businesses can see a significant improvement in several areas.
