This PPT described top 6 advantages of asset tracking system using RFID.

1. RFID Systems for Asset Management — The
Young Technology on Its Winning Path

2. Intro
In the competitive business era, success is mainly about maintaining the focus
between increasing efficiency and decreasing the operational cost. Advancements
of technology world do attract industries to fetch the maximum out of tech tools
to accomplish their business objectives. Diversified RFID systems are one the
young technological developments that are expected to automate many laborious
processes in industries like retail, supply chain and logistic, manufacturing,
aviation, hospitality, healthcare.
RFID Radio frequency identification is a simple form of wireless communication. It
has got ability to detect objects through radio signals. Based on requirement and
usage, its different frequencies are utilized to create RFID systems with different
standards.

3. Out its many active usages, the most popular usage is related to asset
visibility. Once the little, battery free and barcode look like RFID tag is fixed
with the asset, it is easy to track that asset with integrated readers or
systems. It is possible to use relevant RFID solution as an independent asset
management system. The best part is potential RFID systems can easily get
integrated with enterprise solutions or other software solutions and enable
the end to end automation of asset management along with relevant
compliance processes.
Customized or industry specific RFID system solutions have positively
influenced many critical business areas.

4. Top 6 Advantages of Asset Tracking
System using RFID

5. Effective inventory management
Inventory issues are one of the most critical affairs for many industries such
as retail, manufacturing and healthcare as sometimes they unnecessarily
block the flow of investment. Poor inventory management may lead to loses
as well. Asset Management System using RFID not only increases the accuracy
level at inventory but also supports the strategy of driving profitable business
through efficient inventory management. Easy tracking of asset type, quantity
and location along with its predefined movement priorities provides a clear
and bigger picture visibility to decision makers.

6. Smooth supply chain management:
Supply chain plays a vital role in on time delivery of goods leading to greater
customer satisfaction and long term business relationships. Business houses
keep maximum efforts to make it cost effective and error free. Asset Tracking
System using RFID can manifest the possibilities of having smooth and
reliable supply chain. Shipping items glued with RFID tags allow the head
custodian to recognize that how transportation is transpiring. RFID systems
specific to logistic industry can deliver even more effectual results in systemic
approach of handling routine or event base freightage operations.

7. Escalated security of assets
Security of goods or assets is of course very significant for any business.
Whether the assets are sitting in inventory or they are involved in any other
process, their security does matter to industries. Especially for high priced
assets, it is feasible to integrate RFID systems with security alarm system
through customized application of technology. Precise solutions offer even
advance features and they can obstruct any unapproved movements or
activities if done while handling assets.

8. Automated record and compliance management
Industries such as healthcare and aviation have to maintain huge level of
record keeping for the assets as a part of regulatory compliance procedures.
Advanced RFID solutions consolidated with enterprise solution or other
relevant software solution automate this tedious, time consuming still
extremely crucial practice.

9. Reduction in operating cost
As projected, it has been noticed that strategic usage of RFID systems reduces
total operating cost up to possible level. It enables maximum utilization of
asset life cycle, especially in industries like aviation which ultimately gets
resulted in optimum cost saving.

10. Incredible quickness in work flow
It is possible to set up automated tracking of multiple assets concurrently. It is
also feasible to set up the digital signal to observe them as per predefined
parameters. It saves huge amount of human time and efforts and make the
work toil free. As a result, business houses can easily optimize their routine
work practices.

11. So far, logistic and aviation industries have tried to explore the maximum
advantages of RFID solutions and have achieved remarkably positive results
as well. Retail chains have also initiated experiments with such technological
advancements.
Technically, there are various methodologies for development, customization
and implementation of RFID system solutions. RFID specific iPad Application
Development is also a popular technique in which the iPad application gets
incorporated with the RFID reader and enterprise solution to attain desired
goals. As mentioned, this technology is still passing through the young phase
and there is a long way to go.

12. Original Source :
https://medium.com/@AzilenTech/rfid-systems-for-asset-management-the-
young-technology-on-its-winning-path-7cfaa23eb0b5

13. Thanks You
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