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Asset Management

For managing Asset, product, people and animal the various form of AIDC and RFID technologies are widely used globally.

Automatic Identification and Data Capture (AIDC) is a term used to group the various technologies employed to automatically identifying items, collecting data about them and the ability to enter that data electronically

In the majority of cases Automatic Identification and Data Capture (AIDC) systems work without any human involvement, where human involvement is required, this is normally confined to a user scanning a AIDC equipped item (i.e. a can of food which is barcoded, or a RFID equipped door entry pass)

A number of AIDC Technologies exist, these include, barcodes, Radio Frequency Identification (RFID), biometrics, magnetic strips, Optical Character Recognition (OCR), smart cards, cards with magnetic strips also known as a magnetic swipe card, voice recognition systems, Electronic Article Surveillance (EAS) and Real Time Locating Systems, also known as RTLS systems.

Globally RFID and AIDC is increasingly been adopted and deployed for tracking asset, product, people, and animal too and in various industry vertical.

Managing and tracking assets properly becomes effortless with RFID. Not only does it serve purposes of financial accounting, preventative maintenance, and theft deterrence but also manages the assets.

Challenges faced by a company with regard to Tracking and managing Assets

  • Inability to Monitor and track Asset movement in real time basis
  • Asset invisibility and Asset under-utilization.
  • Dependency on persons & Inaccurate Asset inventory.
  • Time wastage in searching, picking and inventorying.
  • Conflict between departments on production process.
  • Unmanaged daily, weekly and monthly reports leading unreliable MIS.
  • Unable to find asset maintenance cycle and expiration automatically.
  • Asset security and non-compliance.

Benefits of deploying RFID based Asset tracking & Management system

  • Real time reporting system
  • Automatic and Accurate Asset inventory
  • Less Human intervention
  • Easy & automatic Monitoring and tracking of Asset movement
  • Easy searching, picking and inventorying of asset and Monitor Asset maintenance cycle
  • Identifies the deviations from expected Asset location or condition
  • Access historical data to identify and eliminate operational bottlenecks.
  • Online server based Application
  • Can be integrated with another systems (ERP, SAP,PLCs ,Barcode )
  • Accurate reporting System that generates all sorts of reports that based on location, items, cycle dependencies, department specifics, on a periodic basis and customized as per customer requirement.

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