Guide to Asset Management

The biggest investment for any company is its assets from office electronics to heavy machinery; everything a business owns is an asset. It is important to keep a track of all your assets and maintain and inspect them regularly. Radio Frequency Identification or RFID is a very cost-effective solution for asset management. It refers to the process of developing, operating, maintaining and selling assets in a cost-effective manner. It allows you to automate the tracking system while reducing manual labor and time. The RFID tracking system is designed to read the individual RFID tags attached to items automatically. The management of assets varies from company to company. It depends on whether the organization in question is aware of the assets they own, and whether they’re aware of the potential ramifications of an inefficient tracking system. An accurate, real-time asset tracking system is more important than a lot of companies realize. Unfortunately, companies who don’t have a handle on their asset management typically lose considerable amounts of money and time before they begin to seek a better solution. Fortunately we at Inlogic provide you with every asset management solution you need.

How RFID works?

The radio frequency identification systems work by loading a tag with data and attaching it to the asset which is scanned by the system later. The basic tools needed for this system include

  • RFID tag which contains a unique identification number and data about your assets.
  • An RFID reader which has an anteena, and a handheld or fixed reader.
  • RFID database system that is equipped with an RFID database.

Data is stored on the tag with a unique code and the tag is attached to your asset. An antenna that is wirelessly connected to the RFID reader detects the tags and the reader then sends its data to the system to be stored. RFID scanners or readers can be fixed or mobile depending upon your needs and they can read the tags and update the central system at the same time.The whole process is fast and reliable and the system will maintain the record for you without any hassle. RFID tags can be battery-powered or they can be powered by the antenna depending upon the system you choose. They can have a range of 150 meters with the reader.

Why You need our RFID system

The RFID system modernized the lengthy spreadsheets and bulky documentation. This technology is now used in every business be it retail, logistics, manufacturing, or even healthcare. There is a significant change in the market in the last decade and RFID systems are estimated to be worth more than thirty-six billion dollars by 2025 globally. RFID systems come in handy for inventory management. Here are some of the many benefits of using our asset management solutions.

Customized software

You can get a customized software according to your need so that it is easy for you to get the results in no time.The data that you gather through RFID tags helps in knowing the patterns of sales, needs, product seasonality, and even estimated time of failure. A tag can provide all kinds of data and then the company can choose which one to analyze.

Time management

The RFID technology is mainly automated so it helps in keeping the record in less time. RFID tags can be scanned multiple at a time, unlike barcodes which have to be scanned one at a time. It is a smooth process that keeps the data flowing without much human interference. It can help manage large inventory quickly and efficiently without physically examining anything so it is very helpful for any business.

Cost reduction

The use of RFID is very cost-effective for your company. It can manage big warehouses very easily without any manual labor requirements. The manual labor cost is close to nil as the process is automated. Due to our system, the unnecessary cost of ghost assets is minimized because the assets are counted via tags. The savings you make while using RFID systems help the company grow and also recovers the cost of installing the system in no time.

Workspace potency

Because of RFID tags the inventory space is used to its full potential because the manager knows the availability and transaction of every item. The process is not manual so it is perfect for the new normal social distancing scenario. The assets are scanned without any physical touching so it’s a safe and sanitized way of scrutinizing assets.

Inlogic IT Solution can help you in Asset Management.

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