Manage Assets & Inventory With RFID
RFID is commonly used to track and manage assets and inventory items across a variety of industries. By tagging an item with an RFID tag and either reading the tag with a handheld reader with an integrated antenna, or setting up an RFID system with read zones, companies are able to efficiently and effectivly locate and manage their items.
If this is your first time learning about RFID, or if you need a refresher, checkout our beginner’s guide to RFID.
Assets versus Inventory: What's the difference?
An asset is property owned by a company, regarded as having value and can be used to further the needs of the business.
An inventory item is a product that is available for resale and is tracked via stock levels. Raw materials used to manufacture goods are considered inventory.
Examples of Asset Tracking Applications
IT Asset Management (ITAM)
Examples of Inventory Tracking Applications
Retail Inventory Management
Herd Management & Livestock Tracking
Hospital Supplies Control
Why Is It Important to Distinguish Assets Versus Inventory Items?
When setting up an RFID application to track items, it is important to know if the item will be tracked and managed throughout its lifespan, or the application must account for items coming in and leaving a facility.
An RFID application managing a fixed number of assets, is typically more focused on where the asset is in a facility or the asset’s usage.
An RFID application managing a consistently changing inventory, is typically more focused on the number of items in stock and how to best manage those numbers.
Why is UHF RFID Used for Managing Assets?
Assets typically need more rugged tags and/or longer range (BLE & other active technologies apply here, even GPS).
Why is UHF RFID Used for Managing Inventory?
The low cost per tag combined with the average read range of around 20 feet makes UHF RFID much better at tracking and managing general assets and inventory than other solutions like barcodes or GPS.
How is UHF RFID Used for Managing Assets & Inventory?
By placing an UHF RFID tag on an asset and outfitting an area with an RFID system, companies can accurately account for the general location of an asset. RFID Systems can be setup overhead or portals can be setup between areas to create ‘zones’. Additional equipment or technologies can provide more granularity by adding zones or methods like triangulation.
Learn More About Asset Tracking Applications
- File Tracking - Easily find and manage individual files to prevent the loss of important data.
- Hospital Asset Tracking - Track the location and usage of high value medical tools and equipment.
- IT Asset Management - Track and manage corporate-owned IT asset assets within a building or warehouse.
- Laundry & Textile Tracking - Track and manage company-owned textiles like curtains, sheets, and clothing or costumes.
- Returnable Transit Items - Keep track of reusable shipping assets in order to request asset returns or collect payment on lost assets.
- Transportation Asset Management - Keep and manage data on individual assets relating to transportation.
- Tool Tracking - Manage an inventory of tools in a cabinet or room, or on the go.
Learn More About Inventory Tracking Applications
- Herd Management - Uniquely identify and manage cattle and other animals.
- Hospital Inventory Control - Receive reports on stock levels, reorder dates, and missing inventory.
- Jewelry Tracking - Manage and track individual pieces and sets of high value jewelry.
- Logistics & Supply Chain Management - Manage the flow of inventory in and out of a facility.
- Retail Inventory Management - Create retail inventory visibility to prevent out-of-stocks and shrinkage.
- Vehicle Inventory Management - Take fleet inventory and manage individual vehicle information.