As a business that relies on the availability of its high-value assets to generate revenue, you’ll understand the importance of asset tracking and effective inventory management. Whether that be stock, tools, IT devices, vehicles, or even employees.

Although there are various options available to ease the process of monitoring and tracking assets, there is one tracking technology that offers complete efficiency in the most cost-effective manner; RFID.

In its simplest form, RFID asset tracking is a way of automating the management and locating process of physical assets. It works by loading an RFID tag with data and attaching it to a relevant asset. This data can include anything from name, condition, amount, and location.

Through an RFID tag’s repeatedly pulsating radio waves, an RFID reader is able to capture the stored data. Eventually collecting it in a sophisticated asset tracking system where the data can be monitored and actioned.

The ability to automate your tracking and monitoring processes aims to put an end to the highly error-prone methods of pen-and-paper and excel spreadsheets. Among other benefits such as:

Tracking multiple assets at any one time:

• Eliminating human intervention
• Collecting data in real-time
• Improving asset visibility
• Locating lost or misplaced assets
• Maximizing accuracy of inventory