Asset tracking refers to tracking the movement of physical assets, either by scanning barcode tags attached to the assets or by using smart tags, like 'passive' RFID, which broadcast their location, but which have limited transmission range (typically a few meters). Longer-range "smart tags" use 'active' RFID -where a radio transmitter is powered by a battery and can transmit up to 2000 meters (6,600 feet) in optimum conditions. RFID-based Asset Tracking requires an infrastructure to be put in place before the whereabouts of tags may be ascertained. An asset tracking system can record the location and usage of the assets and generate various reports.
RFID (Radio Frequency Identification) is a groundbreaking technology for tracking valuable assets. Now there is no need to store whole history and full description about them every time. RFID tags are the simpler way to track them. Every tagged asset can be tracked by interpreting the upcoming radio signals from each tag.
Many companies are becoming interested in simple asset tracking solutions that can help track critical or valuable assets within a specific physical area or process under the company's control. Asset tracking enables organizations to know exactly what assets they own, lease, or control, as well as how those assets are being used throughout their life cycles, from acquisition all the way through disposal.
Companies are looking to generate operating cost reductions by implementing improved asset tracking to enable reduced shrinkage, lowered maintenance costs, and optimized asset utilization.
Benefits Radio Frequency Identification (RFID) is the latest in asset tracking technology and is designed to eliminate the need for direct scanning. RFID tags can offer a great solution to the growing pressures faced by asset managers. Here are 5 of the top benefits of