The Benefits of Using RFID Technology in Asset Tracking

The Benefits of Using RFID Technology in Asset Tracking

These days, more and more businesses are using RFID technology to help with asset tracking. RFID stands for Radio Frequency Identification. This method of tracking is so named as it relates to the way that your chosen assets communicate with tracking software. 

When an RFID tag is affixed to an asset, you can track multiple aspects of that asset. You can also have much more control over your assets all day, every day. This ensures that you can complete more tasks that you think, allowing your business a better opportunity to thrive. 

Let’s take a look at just some of the benefits that come with using RFID technology with asset tracking.

This Technology Saves You Time

RFID technology is perfectly capable of saving you a lot of time. Let’s imagine you want to locate a specific laptop. You know that the laptop is likely to be somewhere within your warehouse but you’re not exactly sure where. 

In the past, you may have spent a lot of time looking for your laptop. You may have even stopped to ask your colleagues where the laptop might be. All of this can take a lot more time than it should. However, when you bring RFID technology into the equation you make asset tracking work for you. 

At the touch of a button, you can locate that all-important laptop with ease. You can see where the laptop is and even who is currently using it. If this was not enough, you can also see whether someone else has booked the laptop for use.

Business Asset Tracking

RFID Can Help You To Save Money

There is a real chance that RFID technology can save you money. Not only can you track your assets so you know where they are, you can also track the maintenance status. In other words, you can see when a tool, for example, needs to be inspected. 

The right type of asset tracking software will allow you to set up maintenance reminders. The reminders will alert you whenever a tool or anything else needs to be inspected. This can potentially save you money because it ensures that all of your assets are well looked after. As a result, it’s less likely that they will need to be replaced any time soon. 

Regular maintenance can help to keep your tools in good working order so they work well for you. An added benefit of this is that you and your team are more likely to have the tools you all need to get your jobs completed. As a result, productivity is also likely to increase. This is something that could be of great benefit to your business.

Fixed Asset Registers Can Easily Be Created

While creating a fixed asset register may seem like a lot of work, the process can be relatively simple. All you need to do is to affix an RFID tag to your assets and create a digital profile for each one. This process has been made relatively easy by many asset tracking companies. 

Within moments, you can create a profile that holds a lot of information about each fixed asset. You can add details such as the asset’s date of and cost at purchase, warranty and insurance details, and more. You can even upload photographs of each asset so they’re easily identifiable. What’s more, you can also upload the asset’s instruction manual. This ensures you can gain quick access to it when you need it the most. 

You can typically add as much information to a digital profile as you wish. The more you add, the better as it allows you to have the information you need when you need it the most.

Many Of Your Operations Can Be Automated

One of the additional benefits of using RFID technology to help with asset tracking is the automation of operations. You can quickly and easily assign tools and equipment to users. This means you won’t have to fill in mountains of paperwork each time. All you need to do is select the tools and equipment and assign them to the person or people in question. 

Issue reporting is another operation that can be automated. If a machine you’re using, for example, stops working you can report the issue quickly. You can even leave a note to suggest what may have gone wrong with the machine. It really is that simple and you could save quite a bit of time. As a result, you could complete other tasks and potentially boost productivity again.

If you would like to learn more about asset tracking talk to us today. You can reach our helpful team now at: Alternatively, you could also complete the form below to sign up for our 14-day free trial.

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