RFID asset automatic tracking management

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As one of the most important components of corporate assets, fixed assets are an important guarantee for the completion of production and operation tasks, and at the same time have a significant impact on the financial status of enterprises.Therefore, strengthen asset management, ensure the integrity, preservation, appreciation, and full utilization of assets, correctly calculate the quantity and value of assets, clarify economic responsibilities, and supervise and promote the proper custody of fixed assets.

Reasonable use, continuous improvement of equipment utilization and intact rate, full use of fixed asset efficiency, enhancement of regulatory compliance, improvement of audit capabilities, and maximum benefits for enterprises are the core goals of fixed asset management.

The current enterprise fixed asset management process has the following shortcomings:

The lack of business contact and business communication between the financial management department of fixed asset management and the physical management department makes the book unable to reflect the existence of the asset;

Possess a large number of expensive assets, but no integrated information system, lack of valuable fixed asset management information, difficulty in managing fixed assets, and low work efficiency;

The asset information card does not match the actual situation;

It is difficult to effectively control the loss of fixed assets;

Asset inventory is time-consuming, laborious, limited in effect, and “clear before and after chaos”;

Operating costs are difficult to calculate in a timely and accurate manner.

Fixed asset management currently relies more on traditional manual management methods and means. Data collection and entry have always been manual operations, with low efficiency and high error rates.The barcode technology that appeared later has greatly improved the situation, but due to the limitations of the barcode technology itself, such as: damaged, poor stain resistance, short reading distance, etc., they cannot be fully integrated.

Enter the work in the field of resource (asset) management.

With the help of RFID solutions, automatic inventory counting can also be realized, and asset conditions can be comprehensively and accurately grasped in a short period of time. Compared with manual inventory counting, it takes much less time. To use RFID solutions to track assets, all assets (from servers, racks and portable computers to office chairs, carts, and even kegs) must be tagged. When performing inventory counting, staff do not need to deliberately identify assets, locate barcodes, or scan assets one by one. They only need to hold a handheld RFID reader or push a cart equipped with a mobile RFID reader. Just walk around in the workplace. Without heavy work, companies can change inventory review from yearly to weekly, or even shorter cycles. The automatic capabilities of RFID solutions also help eliminate costly errors (including omissions or misclassifications) caused by manual inventory. This will enable companies to grasp accurate asset conditions in a timely manner, so that they can best implement business management as needed.

RFID asset tracking management

The use of RFID technology for asset management has the following advantages:

It is easy to recognize and can be read from a long distance;

Fast reading, can be quickly displayed in the handheld;

The reading is accurate, and each marked fixed asset has a unique label;

Wear-resistant labels, not easy to damage, more acceptable to the environment than bar codes;

Good anti-collision performance, can be read in a large amount instantly;

The content of the chip can be rewritten more than 10,000 times;

The maximum memory of the chip can be as high as 2k.

 The main components of the system

RFID electronic tags (asset tags);

RFID fixed reader;

RFID handheld reader;

Yapu RFID middleware.

 Energetics ™ RFID asset management system system function

Apply RFID technology to realize the whole life cycle management of equipment from purchase to scrap.

Using RFID technology, it can manage as small as an extremely valuable integrated circuit board, as large as a car factory, etc., and can also manage places that cannot be controlled by “barcodes”, such as telegraph poles, manual wells, pipelines, cables, etc.

From procurement, warehousing, transfer, inventory to scrapping, the automation of asset identification is realized.

From a physical point of view, it is compared with the financial account, and the two correspond to each other, so that the account, card, and material match in the true sense.

By using appropriate RFID tags, equipment can be tracked, ensuring that expensive equipment can be obtained anytime and anywhere when needed.

The fully visualized information platform provides users with the convenience of timely grasp of asset status, reasonable allocation of resources, and realizing the tracking of non-networked tangible resources.

The “Fixed Asset Management” function effectively manages the quasi-fixed assets that have not been converted and makes up for the shortcomings of the original bar code asset management system.

The system integrates asset, financial and business management departments through a centralized management operation mode, aiming to establish a unified, effective, real-time and electronic process asset resource management system.

It saves time for inventory of fixed assets and improves the efficiency of inventory of fixed assets.

Strengthen quasi-asset management to avoid repeated purchases and waste.

The powerful RFID information collector can record more asset-related information and assist in the refinement of asset management.

Asset management is more flexible and accurate. Through the large amount of RFID information and the characteristics of modification, the visualization of asset status is realized.

RFID can record the dynamic information of assets, such as: equipment configuration, requisition and return records, main components, annual inspection status, etc.

RFID asset tracking management

 System performance

Using RFID solutions can gain advantages in the following 5 main areas:

Increased productivity — the time employees spend tracking missing or misplaced equipment is significantly reduced

Improve asset maintenance to ensure that important daily maintenance procedures (such as calibration) are followed

Without the help of human intervention, the warehouse can be used around the clock, thereby improving work efficiency

Improved equipment utilization. The increase in asset monitoring capabilities and utilization greatly reduced the purchase and lease of spare parts and equipment

Reduced capital and operating costs, and reduced asset loss issues reduce the need to purchase and manage more assets

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