Asset Tracking with RFID Benefits

1. Asset Tracking with RFID Benefits A main focus of business these days is improving the efficiency of operations, staying a step ahead of the competition and focusing on ways to improve transparency when it comes to inventory and assets. More and more companies are relying on RFID (Radio Frequency Identification) to help ensure the smooth running of processes. Suitable for a host of industries, RFID technology is growing in demand and expected to be a $40 billion industry in the next five years. RFID is a sophisticated technology that provides easy asset control and inventory counting, saving valuable resources. Relying on an electromagnetic field, it automatically tracks and identifies tags on items, reading multiple tags at any given time. The tags contain valuable information that can be viewed on the reader using radio waves. RFID readers are able to detect tags up to more than six thousand feet away. This provides a fast and accurate count within seconds, saving valuable time, energy and money in the long run. One of the main benefits of asset tracking with RFID is that it increases the visibility of your assets. Stock accuracy is usually around sixty-five percent, this can be increased to ninety-five percent or more when relying on radio frequency identification technology to manage your inventory or assets with confidence. In addition to being effective in use of assets, you can also use asset tracking with RFID to manage your fleet, forklifts or other valuable assets. The tracking information is provided in real time, giving you the opportunity to keep your finger on the pulse. Real time actionable data helps you manage your assets with ease, locating everything with tags in a certain area quickly and effectively. Asset tracking with RFID increases accuracy and improves accountability within the company. The most common use of RFID is for asset management. Using RFID technology helps companies stay updated on their assets, monitoring servicing cycles and reviewing asset availability. This type of asset tracking puts information in the palm of your hand including what assets you have and how they are being used. This enables you to make decisions regarding moving your assets to another location, selling them or upgrading them. When using asset tracking with RFID, you eliminate any product delivery delays. It can help to improve production, creating efficient processes. Improved product deliveries increases customer satisfaction and reduces the risk of employees trying to perform this function manually. Everything can be automated with real time visibility. Asset tracking with RFID reduces loss, theft and risk. If your business involves the use of high value assets, then you need to be able to keep a strict record to identify any missing equipment. RFID technology provides complete transparency, helping you to account for all assets with confidence, saving money and time when it comes to your asset management.

2. Asset tracking with RFID reduces labor costs and boosts productivity levels. Employees do not need to be in line of sight in order to read the tag. Assets are identified and scanned automatically, saving valuable time and energy when it comes to counting inventory. When making your RFID selection it's important you do your research to learn as much about each of the systems available to find the one that is going to integrate with your existing systems in order to achieve the best end results. About Us: Quake Global is a leading provider of synchronized relevant data on demand. This company has a proven track record as the pioneer of machine to machine development. They have been supplying powerful stand alone and integrated solutions to clients in a host of industries since 1998. Quake Global caters to the transport, logistics, industrial and health care industries on a global scale offering real time data via cell, Wi-Fi, RFID and satellite. Their cloud-based system provides actionable data, network flexibility and adaptable products that clients can count on. To find out more, visit https://www.quakeglobal.com/.