Upgrade Your Asset Management with an RFID Asset Tracking Solution

By September 9, 2019Asset Tracking, Blog

Many companies believe the only way to track assets is through barcode technology. While this may be true, using an RFID asset tracking solution is another great technology that can make your fixed asset tracking process more efficient.

What is RFID Technology?

Radio frequency identification (RFID) is technology that uses radio waves to capture the data digitally encoded into relevant tags or labels. RFID systems automatically identify objects and collects the information associated with them. Within seconds, it puts that data into the database. 

Most RFID technology is made of three elements: a tag or label, a reader, and an antenna. Tags have both a circuit and an antenna,                                              which is used to send data to the reader. Using radio waves, the reader converts that information into usable data and sends it to a database for analysis.

How Can it be Applied in a Business Setting?

Many companies already use RFID technology in their workplace. For example, if you’ve ever had to use a badge to get into specific areas of the office or sign on to a computer system, you’ve used an RFID tag.

However, there are many more applications for this technology. Most tags can’t carry more than 2 kilobytes of data. While it doesn’t seem like much space, its more than what most barcodes can hold, which means you won’t be able to store a ton of information on each tag. Good thing you don’t need to keep all your asset database on a single RFID tag. Each one is capable of storing data about each one of your assets separately. 

But you don’t need to keep all your asset database on one RFID tag. They have the ability to store individual data about all of your assets. 

RFID technology can also be used to manage your inventory and the supply chain. Each time an item gets taken out of the warehouse, you can scan the tag to indicate where it’s heading. Tags can also help you track where each of your items are as they are moving from vendors to your business.

These tags are generally more durable than barcodes. You won’t have to worry about the label being ripped, smeared or damaged. So, if you work in an environment that’s subject to weather changes or wear and tear, RFID technology is the perfect choice for you.

There are many advantages in choosing an RFID system over one that relies on barcodes. The most obvious one is that you don’t have to connect your reader with the tag in order to transmit data.

Tips for Implementing Your RFID Asset Tracking System

If you’re thinking about implementing an RFID asset tracking system, but aren’t sure how to do so, there are a few things you’ll want to keep in mind.

First thing to note is that switching systems is always a cumbersome process. It’s going to take some time and effort to retag everything with RFID labels. But remember, these tags are more durable and less susceptible to failure than barcoding systems. You’ll get plenty of use out of it before having to assign another label to each item.

Secondly, you’ll need a system that supports RFID tracking. Because this technology uses radio waves to transmit data, you’ll need scanners that use the same frequency and connect to a central database. Many software programs out there allow you to connect assets and inventory tracking to your records system. Asset Panda’s highly configurable program can be configured to work with RFID technology, so invest in a platform that will change with you, rather than being replaced as soon as it gets outdated.

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