How RFID Asset Tracking Changes The Game For Equipment Management

Published on February 16, 2022 • 3 min read

Automation improves productivity and increases efficiency. On this note, we'll be discussing RFID asset tracking, and how it can provide your business with much needed next-gen automation.

What is RFID Asset Tracking?

To put it briefly, RFID asset tracking is quite similar to using QR asset tags. In its simplest form, RFID asset tracking is a way of automating the process of managing and locating physical assets.

By attaching a physical RFID tag to an asset, you can easily associate data with the said asset. As always, data may range from name, assignee to value and location.

How Does Asset Management Work?

You're probably wondering how RFID asset tracking factors into asset management. So, let's start off with the basics: an asset management system allows you to log each of your assets as unique, digital profiles. These profiles can then be populated with data and tracked accordingly.

Moving on, asset tags are physical entities, linking your physical assets to their digital counterparts. These tags can be barcodes,  QR codes, or RFID labels.

Scanning an asset's tag redirects you directly to the asset's digital profile, making editing and updating of asset details a breeze.

Additionally, scanning an asset's tag will automatically log the time, location and identity of whoever performed the scan. This will boost accountability in your business, allowing you to track your assets directly from the ease and comfort of your home!

What Benefits does RFID Asset Tracking Provide to Your Business?

Whether you want to automate auditing or improve accountability, RFID asset tracking got you covered.

Using RFID asset management, you can simply sit back and relax, while your assets collect the data without any need for manual scanning and tracking. Likewise, by utilising handheld RFID capabilities, you can instantaneously update and monitor your assets data.

Though the speed and accountability benefits are of significance, the accuracy achieved from automation is the game-changer, reducing losses stemming from human errors.

However, the list doesn't end here. No matter what industry or organisation you may belong to, tracking your tools and equipment holds immense importance. With the help of RFID asset tracking, you’re able to monitor how your tools and equipment move throughout your sites-all without any form of manual input.

Different Forms of RFID Asset Tracking

Fixed RFID Asset Tracking

Using RFID asset tracking, you can log physical asset location via GPS tracking. For instance, you can log assets as in a particular room, floor, or building. This essentially gives you more visibility over your assets.

In fixed RFID asset management, location tracking is completely automated. What this means is that every time an asset enters a location, the change in location will be automatically logged within your asset tracking software.

This system makes use of RFID scanners strategically placed at key points throughout your facility. As a result, whenever an asset crosses these points, its location is updated accordingly.

Naturally, the benefit is obvious: auditing and location tracking requires no human interaction. Automation leads to assets being less prone to being misplaced, and better tracking of inefficiencies in your supply chain.

On the other hand, fixed RFID asset management has one noticeable disadvantage: it is costly. However, the return on investment can potentially surpass the cost, increasing the profitability of your business in the long run.

Handheld RFID

If you'd rather test out RFID asset tracking before implementing a full-blown fixed RFID asset management within your business, handheld RFID may be the way to go.

Using handheld RFID you can still track and manage assets from speed and at a distance, however, you'll have to scan said assets by hand.

The principles in fixed and handheld RFID asset management remain the same. The only difference is that in the case of handheld RFID tracking If you want to identify all of the assets in a location, you'll have to enter that location and hold down on your handheld RFID reader’s trigger. this will detect every RFID tag in your vicinity.

For small to medium-sized businesses, handheld RFID tracking can easily accommodate all of your needs. The smaller upfront cost guarantees affordability and RFID naturally boosts productivity.

Why is RFID Asset Tracking Better Than Its Alternatives?

Compared to your traditional QR code or barcode scanner, the reason RFID tracking does not require a direct line of sight with the scanner itself. This allows for more innovative ways of incorporating RFID tracking and ensures that less time is expended in manually scanning each asset's tag.

itemit: The Next Step In RFID Asset Tracking

If you want to boost your business's efficiency or reduce losses, itemit is the way to go. Whether you want GPS tracking, image detection, or RFID scanning, itemit's asset management software can help you in any scenario. 

To find out more about how RFID asset tracking can help your business, book a demo here. Feel free to contact our team at team@itemit.com.

In our experience, the best way to gauge performance is to try it out for yourself. If you wish to experience itemit's RFID asset tracking capabilities for yourself, fill out the form below and start your 14-day free trial today!