Even though not technically correct, some people call RFID an advanced barcode system because of the way it can transform inventory management. But RFID can take inventories and warehouses to the next level through asset tracking systems. These asset tracking systems could help one identify a particular item on a particular shelf of a corner or even have some lighting or sound notification to distinctly identify them. But are they really worth the investment? This article covers the value they bring and if you really need an asset tracking system.
Benefits of implementing an asset tracking system
To cover shortly, RFID-based asset tracking can read multiple RFIDs at a time and maintain traceability of all the cards present. They can track and find a particular tag and therefore a particular item in virtually no time, saving operational costs and increasing productivity. On top of that, such technology-based tracking can thoroughly prevent the loss, misplacing, or waste within an inventory that might occur due to human errors. These are a few common advantages; RFID can add a lot of value to this list with other benefits for particular implementations.
Challenges to implement RFID solutions
The advantages mentioned earlier are for any efficient and thoroughly thought implementations of RFID. As such, one must account for any potential challenges and hurdles along with the installation of RFID solutions. Here’s a list of precautions to consider:
- To not “over-do” the asset tracking system:
It is important to understand that the purpose of asset tracking systems should be to simplify the process. With the involvement of middleware and countless possible use cases, it is essential to keep the system straightforward, easy, and efficient.
- Account for human errors:
There’s human involvement when it comes to scanning an item or listing them on a database. Therefore a mistake can take place eventually, and the asset tracking implementations must consider such events.
- Computers can have a breakdown:
There can be network issues, power unavailability, or even hardware failures as computers and the internet come into the picture. As such, it is crucial to ensure that a business can afford such occurrences without severe casualty.
Should you really implement an asset tracking system?
Based on the benefits and challenges, one can evaluate if they actually need an asset tracking system. You might consider an asset tracking system, if:
- A business consumes heavy time in identifying or finding a particular item.
- There might be a significant loss or misplacement of items in inventories or warehouses.
- Network architecture can be possible to implement in the system.
- The business can withstand the possible unavailability of power or network connectivity.
- A well-organized database of assets can be easily implemented, and it can be cross-verified without gaps.
- The slight overhead cost of using RFID-based asset tracking can be managed with the product cost without any loss or significant profit cuttings.
There’s definitely a huge value to implementing RFID-based asset tracking systems compared to any potential challenges or costs. Therefore, RFID solutions can offer great value to businesses if done right with considerations of any possible challenge and their mitigation plans.