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How RFID is used in asset management?

How RFID is used in asset management?

Apr 18,2023
Fixed assets are difficult to manage because of their large number, wide distribution, and frequent changes, and have always been a major focus of enterprise management. The fixed asset's management includes asset addition, transfer, idle, scrap, maintenance, inventory, and other operation, making the RFID tag be put into use in the whole process of an asset used to scrapping, and carry out comprehensive information control. In the past, because of the large number of management documents, heavy inventory work, and the need to occupy lots of work forces and material resources, the historical operation of fixed assets and asset statistics have been arduous, resulting in asset loss and repeated acquisition of assets. 

RFID technology has improved fixed asset management greatly. When the equipment is purchased, the asset is bound to the identity of the RFID electronic tag, and the bar code number, name, equipment type, use department, purchase date, price, and other information are encoded in the RIFD tag to life cycle control. RFID technology provides an advanced, reliable, and applicable digital platform for automatic identification and intelligent management of assets.

To improve the supervision of fixed assets, combined with the actual situation of enterprises, the RFID asset management system is of great significance: RFID tag ensures the safety of valuable materials, the stability of enterprise development, and the Security of the self-interest; RFID technology can carry out anti-theft security management of assets to prevent lossor leakage of secrets; anti-theft security management of assets, to prevent the loss or leakage of confidential events;The RFID system can locate, track and automatically inventory valuable assets in real-time, making the management of assets automated and intelligent; RFID technology liberates the manual labor force, saves management costs, and increased the efficiency of fixed asset management.

Highlights of RFID Asset Management:

Inventory: When the staff takes stock of the asset, they can only hold the RFID reader to read the RFID electronic tag information on the property, and pass the read information to the server through the communication interface, and the server can process the information accordingly through the application software. If the scanned data conflicts with the existing data in the database, an alarm is generated, and the inventory operation is over. At the same time, generate inventory, profit, and loss statements.

Inbound and outbound:Set up the RFID access control at the asset access points. When the asset enters and leaves the access control, the access control will automatically identify the asset with electronic labels, read the relevant information, and upload the information to the background server. If the asset is moved unauthorized, it is illegal labels, and the access control will have an alarm warning. Similarly, when the asset reaches its destination, it is read by its access control, and the system updates the asset information.

Advantages of RFID technology in asset management.

Improve the speed of inventory: RFID disk point machine quick inventory, inventory speed increased more than several times, automatically generate inventory report.

Timely grasp of asset information:For each asset, you can timely know the total quantity, location, use status, user, depreciation amount, and other information.

Total life cycle management: RFID asset management can carry out the whole life cycle management process such as asset addition, allocation, acquisition, inventory, maintenance, and retirement.

Improve management efficiency and reduce error rate: Through the RFID asset management system, the automatic asset management is realized, the management efficiency is improved by more than half, and the expected application effect is achieved within a certain range.

Assets can be traced: Whenever the asset is applied for requisition, borrowing, allocation, and maintenance, the corresponding operation records will be generated and approved by the asset administrator. The asset operation is standardized in time and the whereabouts can be checked.

Asset inventory management has always been a vital part of enterprise management. RFID technology is applied to realize the information management of inventory items, including diversified specific processing scenarios such as entry and warehousing and inventory. RFID technology will collect and scan data in real-time to record and transfer to the database center platform.No longer rely on labor power to go to the site for physical inventory, establish a standardized information platform, and carry out all aspects of information collection and management of fixed assets.

If you have any question about RFID used , please feel free to

contact us -- Yanzeo Smart Technology Co. Ltd.

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