What Is RFID Asset Tracking?

 Your high-value inventory must be tracked as part of a good inventory management system if your business depends on its availability to generate revenue. Stock, tools, IT devices, vehicles, or employees can be considered.

The RFID tracking technology offers efficient tracking in a cost-effective manner, even though there are various options to monitor and track assets.

As a way of organizing and tracking physical assets, RFID asset tracking can be categorized in two ways. This process involves loading RFID tags with data and attaching them to assets. There are several kinds of data you can find in this category, including name, quantity, and location.

The stored data is captured by RFID readers by capturing the radio waves that repeatedly pulse on RFID tags. Eventually, the data can be tracked and acted on in a sophisticated Asset tracking system.

In order to eliminate the highly error-prone methods of pen-and-paper and Excel spreadsheets, it is possible to automate your tracking and monitoring processes.

Main benefits of RFID Asset Tracking System

 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 

How Does RFID Asset Tracking Work?

An RFID tracking system functions in very much the same way whether it is used to track livestock in agriculture or to monitor a manufacturer's supply chain in a warehouse. The right tools are first necessary:

A RFID tag (passive, active, or semi-passive)

An antenna is a device that receives signals from a source

Readers that read RFID tags

Software for tracking assets in a computer database

In most cases, RFID asset tracking systems are relatively simple, depending on how they are deployed. If you opt for the right hardware, however, you need to consider a number of factors.

What Are the Different Types of RFID Tags for Asset Tracking?

RFID tags can be either active, passive, or semi-passive - according to your asset tracking system's needs. Tags function differently and can be beneficial or detrimental to track.