RFID tracking technology is revolutionising warehouses, factories, offices, and retail stores worldwide. By automating inventory management, it reduces time and labour expenses while offering real-time updates of inventory statuses allowing an accurate view of stock levels in real time.
RFID tracking technology uses a machine capable of reading tags from a distance without direct line of sight. Furthermore, it can detect whether the tag has become covered with dust or dirt and accurately read its data.
Benefits
Misplaced inventory costs businesses time and money by disrupting production lines, delaying product deliveries, and incurring fines or lawsuits for lost inventory. RFID can help eliminate these errors and boost overall productivity across their enterprise.
RFID also enables more effective inventory management by providing instantaneous and accurate data. This makes it easier for staff to locate items more quickly, reduce cycle count times, and automate reordering at safety stock levels automatically. In warehouse environments where dust or dirt may exist, RFID also functions perfectly well despite this issue.
RFID provides companies with additional benefits beyond these benefits, helping prevent theft of costly assets and equipment. It can help retailers combat shoplifting and employee fraud in stores while decreasing equipment/vehicles sitting idle on job sites for inspection. This technology is particularly helpful for construction firms or manufacturers that must replace reusable packaging/tools regularly.
Cost
Costs associated with RFID tracking technology vary considerably depending on the solution chosen by an organisation, as its implementation involves replacing or upgrading many components used in traditional barcode-based systems with RFID technology – this includes self-check-in/check-out units, sorters and any automated equipment.
With RFID tracking technology, businesses can keep track of all their assets in real-time and automate workflows to reduce labour needs and human error, which often result in costly delays. Furthermore, organisations can identify inefficiencies that impede production or product delivery to speed up production or delivery and remove bottlenecks that reduce productivity.
Loss or misplacement of costly business assets such as test equipment, computer tech and field vehicles can be devastating to an organisation. With RFID solutions in place, businesses can accurately track inventory in real-time – saving money while decreasing loss.
Security
RFID not only tracks inventory but can also enhance processes. RFID cable ties are one such example that allow technicians to keep an accurate record of every component used during maintenance on offshore wind farms – providing traceability while simplifying and optimising processes, ultimately leading to reduced costs and enhanced processes.
RFID can also be employed in hospitals. Smart cabinets equipped with RFID tags that link supplies directly to patients can reduce hospital waste and billing errors, and even help protect companies by tracking items stolen from storage.
Accessing inventory information instantly eliminates costly mistakes such as misdistribution and loss, counterfeiting and recalls, while improving security by linking RFID data with video footage to identify shoplifters and thus reduce human error and increase productivity while cutting asset management time from days to hours with accurate, reliable data.
Integration
Many companies utilise RFID to automate inventory counting processes and save both time and errors during manual counting. RFID works through tags and readers connected via internet that communicate to one another; tags contain unique identification information with sensors that send data when activated to readers that convert radio waves into digital data that is then stored in databases.
The RFID tracking technology tag can contain various pieces of information about its subject matter, from identification numbers to data regarding production dates or even moisture or temperature sensors. For instance, barcode numbers and production dates could be present as well as additional sensors such as moisture sensing layers for moisture monitoring or temperature sensing purposes.
RFID tags send data to an RFID reader, which transmits it to a cloud gateway and is processed and transferred into a big data warehouse for further processing and storage. This enables healthcare organisations to monitor hospital staff workflow efficiency as well as track medical assets while helping reduce medical, medication and diagnosis errors.