RFID (Radio Frequency Identification) is a tracking system that is
utilized in a range of sectors. This dependable method, which has witnessed tremendous progress over the
last several years and is continuing to grow, benefits the supply chain sector.
While many businesses are looking to employ RFID technology for tracking, these
technologies aren't always effective. We'll go over the basics of how
RFID works, as well as specific applications and which sorts of RFID tags, are ideal
for them, in the sections below.
What industries are
using RFID for asset tracking?
When it comes to tracking objects using RFID, there is a lot of
flexibility, which is why so many different sectors use it. The list is nearly endless, but
we've outlined some of the more frequent and less common uses and industries below to
give you an idea of the types of companies that are employing RFID and what
they're tracking.
RFID tracking in the health industry
RFID is commonly used by hospitals and health/medical providers to track patients (especially
dementia patients), expensive medical equipment, and goods such as wheelchairs,
patient beds, and other important equipment. A hospital can use an RFID
tracking system to swiftly and efficiently track where products are located, allowing
them to give better service to their patients.
Internet of Things
The Internet of Things (IoT) is fast growing in popularity. In the IoT
market, connected automobiles, smart homes, remote health monitoring, and
medical devices are all key players.
RFID tracking in manufacturing
Because a manufacturing process has many touchpoints, being able to
track goods throughout the process allows producers to not only identify and
find specific items regardless of where they are in the development process
but also to identify possible opportunities for improvement.
How RFID Asset Tracking becomes beneficial in Supply Chain?
When compared to alternative asset tracking systems, RFID technology
offers a number of advantages. Here are a few of the most compelling benefits of
RFID asset tracking:
Data is reported Quickly and precisely
RFID tags are the most accurate technique to acquire real-time inventory
and asset information. Without the need to manually scan a barcode, this
system can offer regular position updates, reducing the risk of human mistakes. It
can also send out fast alerts in the event of a problem, such as high humidity.
Reduces Loss and Theft
RFID enables businesses to keep track of their assets at all stages of
the supply chain. This significantly decreases the potential for human error, loss,
or theft. Companies can save thousands of dollars by using RFID technology to prevent these problems. They
will also save labor costs by spending less time searching down missing or
stolen assets.
Increases the visibility of the company
Managing assets that can't be seen is difficult. Employees can use RFID
to accurately locate every item in a facility, including those that are out
of reach or out of sight. This can help to streamline the supply chain and
strengthen the company.
Endings
As your firm expands, start thinking about how you'll keep track of all
the assets you'll need to keep things running smoothly. RFID Tracking is quickly becoming a standard
in asset monitoring as the most economical, precise, and effective technology
for tracking and inventorying assets across your whole organization.
