RFID in SMEs
Fixed Asset Management is the process of managing fixed assets from purchase to disposal, including replenishment. RFID is the emerging technology to identify fixed assets in the most accurate and rapid way possible. Every organization uses hundreds of fixed assets on a daily basis. A fixed asset is any item that a business uses internally, such as IT equipment, office equipment, tools, etc. Fixed assets are a primary constituent of any small or medium sized business or organization, but tracking those fixed assets can be challenging and time consuming. But with the technological advances, many solutions have been developed to simplify and organize work tasks such as fixed asset tracking software, ensuring high efficiency and more productivity. A properly integrated fixed asset tracking and managing solution can help your company track your fixed assets efficiently and accurately. Instead of wasting time searching for and replacing lost fixed assets, you can keep track of all your fixed assets with a suitable, easy to use complete fixed asset and inventory tracking and managing system. The best fixed asset and inventory tracking and managing software solutions enable small and medium enterprises to track and manage fixed assets, keep maintenance schedules, identify fixed asset locations etc.
RFID Fixed Assets Tracking Software provides the key for sustaining a competitive advantage. RFID Fixed Assets Tracking software saves valuable time and rids you of the need for spreadsheets, while guaranteeing a suitable inventory management for your organization. With an RFID Fixed Assets Tracking Software, you can immediately know who has which fixed assets, when should the fixed assets be retrieved, the date of purchase of the fixed assets, and when do the fixed assets need replenishment of repairing.
The first step in determining a fixed asset tracking software is to understand whether you are handling fixed assets or inventory. As we have previously stated that fixed assets are those permanent items that are used internally to accomplish tasks like the computers, printers, etc. thus must be returned back to the organization’s premises when employees are through with them. A fixed asset is tracked as a unique item hence each item has its own unique RFID tag. The main issue is to have the exact information about each fixed asset like the fixed asset’s location, the fixed asset’s condition, purchase date of the fixed asset, value of the fixed asset, custodian of the fixed asset, when was the fixed asset’s last maintained, etc…
Inventory tracking, on the other hand refers to objects that are sold, distributed, or consumed by a company. Ultimately, you want to know how many you have in stock and when to order more. Thus, reporting is the very essence of tracking and managing software as it will provide you with a substantial degree of visibility of fixed assets.
When choosing to implement a reliable RFID fixed assets tracking software there are typically few questions to address and keep in mind:
- How many fixed assets do you need to track?
• What type of fixed assets are you tracking?
• Where are the fixed assets located? How many locations do you have?
• Are the fixed assets already labeled?
• How many RFID tags do you need?
• What type of reporting will you need from the software?
• How many users will you have?
Gathering and keeping accurate records of your fixed assets can be a time consuming and expensive task. Integrating the best convenient solution will put your company’s valuable fixed assets under your full control. The aim of any robust system is to maximize your fixed asset control efficiency and minimize your fixed assets’ loss.
Tragging’s Fixed Assets tracking software comprises the following components:
• Tragging Fixed Assets Tracking Software -Software is the spine of any system and will determine what features and options are available
RFID Handheld Reader– in order to properly track all fixed assets, you must embed a unique RFID tags onto them. RFID tags offer a lot of advantages with wireless reading of the fixed assets and the possibility of automating your whole process.