Home / All / Industry News /

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´╝Ü

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.

Image

News
  • The difference between active RFID and passive RFID
    The difference between active RFID and passive RFIDDec 8,2023
    Active RFID is a category of electronic tags defined by the different power supply modes of electronic tags, usually supporting long-distance identification. Passive RFID uses carrier operating mode and has anti-interference ability. Users can customize the reading and writing of standard data. Electronic tags can be divided into active electronic tags, passive electronic tags, and semi passive electronic tags.
  • Why do foreign cyclists start wearing shoes with NFC labels
    Why do foreign cyclists start wearing shoes with NFC labelsNov 27,2023
    Technical expert Simonelli suffered a serious accident during a motorcycle race more than a decade ago. At that time, he was taken to the nearest hospital and no one knew him, resulting in him being unconscious for two days without anyone being able to contact his family because he did not carry his identity information with him. Leveraging his knowledge in NFC technology, he decided to develop a solution based on this technology.
  • RFID technology makes your luggage no longer "lost"
    RFID technology makes your luggage no longer "lost"Nov 20,2023
    Have you ever encountered such embarrassing situations at airports, train stations, ports, or other places - wrong, lost, or delayed luggage? I believe many people have had such experiences before. But now, with the application of RFID technology, these issues will become history. In luggage management, RFID technology can greatly improve the efficiency of luggage tracking and management, ensuring the safety and accurate delivery of luggage.
Keep up with the latest technology news and innovations with the Newsletter.
Follow Us

Pro RFID & BarCode

www.yanzeorfid.com
Pro RFID & BarCode