RFID-based asset tracking solution

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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, supervise and promote the proper custody and reasonable use of fixed assets, and continuously improve equipment utilization and integrity rates It is the core goal of fixed asset management to give full play to the effectiveness of fixed assets, enhance compliance with laws and regulations, improve auditing capabilities, and bring maximum benefits to enterprises.

  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 assets;
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 bar code technology that appeared later has greatly improved this situation, but due to the limitations of bar code technology itself, such as: damaged, poor anti-fouling, short reading distance, etc., they cannot access resources (assets) in all directions. ) Working in the management field.

With the help of RFID solutions, automatic inventory counting can also be realized, which can comprehensively and accurately grasp the condition of assets 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 laptops 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.

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

·Applying 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 controlled by “barcodes”, such as telephone poles, manual wells, pipelines, cables, etc.

·Realize the automation of asset identification from procurement, warehousing, transfer, inventory to scrapping.

·Compared with the financial account from the physical point of view, the two correspond to each other, so that the account, card, and object match in the true sense.

·By using suitable RFID tags, equipment can be tracked to ensure that expensive equipment can be obtained anytime and anywhere when needed.

·The fully visualized information platform provides users with timely access to asset status, provides convenience for the rational allocation of resources, and realizes 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 the 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.

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