Asset management solutions based on RFID technology

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  1. Market research data—asset benefits

According to relevant statistics, the successful application of a complete set of asset barcode & RFID solutions can help companies:

1) Reduce the cost of repeated purchases by 20%;

2) Reduce audit costs by 75%

3) Increase the warranty application by 50%

4) Reduce 40% of spare parts inventory

5) Reduce equipment “missing” by 45%

6) Increase asset utilization rate by 30%

7) Extend the operating life of the equipment by 10%

8) Reduce equipment downtime by 50%

2. Market research data—assessment cost analysis

According to statistics from international research companies, 64% of companies report that employees spend at least one time inquiring about asset information and looking for fixed assets every day, and 27% of employees look for assets more than 10 times a day. Among them, the average time spent each time is about 10 minutes, and what is more, it takes nearly 1 hour a day. Let us settle an account for the business.

Asset management solutions based on RFID technology

Table 1: Cost of asset search

2. Market research data—assessment cost analysis

According to previous customer inventory cost statistics, this customer has 500 million yuan in fixed assets, with a total of 10,000 assets.

Asset management solutions based on RFID technology

Calculated based on these data, the contribution rate of asset management informatization to the direct income of Chinese enterprises has reached more than 40%, and the direct profit generated by enterprises due to the use of information technology to save costs is more than 3 billion yuan per year. At present, Chinese enterprises are in an unprecedented period of rapid development. The average annual growth rate of asset management expenses is more than 10%. Some large giants have achieved rapid development through mergers and acquisitions and other forms. Take Changan Group as an example. In 2005, the company The investment in assets is 6 million yuan, and its management expenses account for 20% of the entire investment, that is, about 180,000 to 200,000 yuan, and the annual growth rate of asset management investment is 30%. Therefore, it can be predicted that the development prospects and huge benefits of the domestic asset management RFID application solution market in the future are bound to be limitless, but at the same time, it also raises an urgent issue for many solution providers, that is, the domestic asset management RFID market is like An attractive piece of cake. Whoever will study the market more thoroughly in the future, whose market positioning will be more accurate, who can better meet the development needs of enterprises in different industries, and be more professional and pragmatic, will be in this big cake. Share to more shares.

Three, system structure

The RFID asset management system is based on the company’s existing asset management system and financial barcode asset management system, using electronic tags (RFID) as the marking medium, and completing the data interface with the RFID back-end asset management system through the operation of the handheld device, the RFID back-end management system Complete the association with existing fixed asset management related information, and mark the relevant physical objects (assets). Mainly focusing on equipment, taking into account the important positions of pipelines, such as integrated management, query and statistics of manpower wells, telephone poles, etc. Through real-time tracking of mobile resources, the comprehensive visibility of enterprise resource information is realized, and it serves for enterprise decision-making, resource allocation, and resource inventory work.

Asset management solutions based on RFID technology

Four, system function

The RFID asset management system is mainly composed of four functional modules: quasi-fixed asset management module, special equipment asset management module, equipment asset inventory module and resource tracking management module.

Quasi-Fixed Asset Management Module

After the relevant data of each newly purchased quasi-fixed asset is input into the computer, the computer will automatically generate an RFID asset tag. The asset tag includes two parts: visual information and a micro electronic file. The content can be set by the user, including Asset name, purchase date, custodian, main equipment configuration, function files, maintenance files, etc. Hanging RFID asset allocation on physical fixed assets not only clearly distinguishes the use sectors of fixed assets, but also brings great convenience to asset maintenance, safety management, and inventory.

Special equipment asset management module

Special equipment assets refer to the sediments left over from the original historical management. Before the implementation of RFID tags, the conversion process was not included in the barcode management of fixed assets. Therefore, they need to be renumbered and included in RFID tag management, and they will be discarded naturally. The physical use department where the asset is located will make a scrap declaration in this system based on the aging of the equipment, and then forward it to the asset management department for scrap declaration verification. Finally, according to the verification result report provided by the asset management department in the system (including the scrap declaration information submitted by the physical use department and the verification result of the asset management department), the financial department obtains the final scrap information in the system, performs scrap processing, and ends the The management lifetime of the device.

Equipment asset inventory module

The equipment asset inventory module will sample inventory of all assets covered by the system (including financially registered fixed assets, quasi-fixed assets and special equipment assets). The financial department shall formulate an inventory plan, listing the scope of assets to be inventoryed. The system automatically generates an inventory list according to inventory requirements and forwards it to the physical management department. Under its unified deployment, the asset use department will take a physical inventory of the fixed assets within the scope. In the inventory process, first check whether the information recorded in the electronic label is consistent with the actual situation (such as location, department of use, etc.). The specific process is that the inventory personnel use the handheld to obtain RFID information and check the specific conditions of the equipment, and then the handheld returns the inventory information to the system, and automatically enters the relevant data into the inventory list established in advance. Inconsistent data must first find out the reason, and then make corrections. The inventory information table is summarized by the system and sent to the finance department, which will check the information in the fixed asset database with the inventory information to check the card’s compliance.

Resource tracking management module

It is mainly composed of a reader and an electronic tag (RFID), which is used to complete the collection and identification of non-disturbance information. The software system consists of two parts: application software and interface engine, which are used to complete functions such as information collection, data processing, and display of position information from time to time. In this way, managers can monitor the status of the entire enterprise’s resources in real time, including the location of personnel and the use of various equipment, and take into account safe access management, so that personnel and related important resources can be adjusted and allocated in time.

Five, system characteristics

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 an automobile factory, and can also manage places that cannot be managed by “barcodes”, such as telephone 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/personnel 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 that it can be modified, the visualization of the 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, and so on.

6. Applicable fields

It is suitable for the management of equipment with harsh working environment, portable valuable assets, important raw materials, and personnel:

1. Communication industry: telegraph poles, manned wells, pipelines, etc.

2. Electric power and metallurgical industries: important raw materials, mobile equipment, personnel, etc.

3. Banking and financial industry: spare parts, ATM machines, VIP customers, etc.

4. Military industry: military vehicle entry and exit, weapon deployment, military resources deployment, etc.

5. Anti-counterfeiting tracking and maintenance of key railway materials and equipment

6. Anti-counterfeiting and circulation process tracking of medical drugs, medical equipment and other products

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