RFID in Fixed Asset Management & Warehouse Inventory

RFID in Fixed Asset Management & Warehouse Inventory

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RFID For Fixed Asset Managment & Warehouse Inventory

Fixed asset management using RFID tracking is effective in maintaining the viability of any business operation.  Whether used for traditional asset inventory or more unconventional implementations, RFID technology use is growing and more efficient than other technologies.

Using RFID For Fixed Asset Management in Manufacturing, Construction and Warehouse Inventory

Deployment of an asset in manufacturing, construction and merchandising realms begins with control of the quality of inputs. Tracing the composition of inputs through RFID allows manufacturers to be discriminating in what they pick to contribute to a final viable product.

For a simple example, take a contractor selecting shingles. If the warehouse inventory has RFID tagged shingles which indicate recycled paper as a base, the contractor might choose another tagged in-stock shingle with a fiberglass base known to have fewer deterioration problems than the paper based shingles to deliver his quality product, the leak proof roof.

RFID tagging also ensures an authentic product. Using the simple example of the contractor again, when the warehouse delivers the tagged shingles to a construction site, using a reader, construction management can tell immediately if the tagged shingles delivered were the shingles ordered.

Looking at Passive RFID for Livestock Management

Thinking of livestock as a fixed asset may seem unconventional but animal deployment (putting animals into use, an initial step in asset animal management) might starts with monitoring the location and activity of animal assets. In animal operations especially livestock, often to detect fertility opportunities, managers identify females with rugged RFID so males can be placed in close proximity to females for mating. Then, at mating, RFID communication is used to accurately identify the female serviced, identify the male counterpart, and tabulate the time of mating to predict the birth date and to predict the preparation needed prior to and at the date of birth. From software analysis, managers are up to date in real time as to the offspring’s genetics and are able to put into place future pairings and culling procedures to enhance ROI. These RFID strategies put producers in a position to deploy outstanding products: meat products/prime steaks;  leather products/saddles;  entertainment events/horse races . . . .

Deploying or putting animals into an operational or fixed asset management system might also start with ensuring animals are what they are claimed to be. Mouthing to determine age is often associated with horses and, often, is instrumental in determining the price of an animal. RFID tags, however, embedded with an animal’s history makes answers to such queries reliable.

Likewise, according to www.bloodhorse.com, by 2017, RFID tagging will become a requirement along with other official markings for registration of Thoroughbred foals in the American Horse Council’s Stud Book to provide an effective means of confirming the very identity of Thoroughbreds for the duration of their lives. Real-time authentication beyond mouthing can be made at purchase by investors or at race time by officials ensuring blood lines are intact as represented. The same can be said for bloodline (pedigree) validation in other species: livestock and pets.

In February, bee-filled hives being shipped to the almond groves of California for pollination purposes are managed to prevent theft by marking hives with tamper-proof passive UHF RFID tags which identify owners. The tags can also be programmed to identify the bee species and more. Purchasers who are expecting docile bees need to take note if the tag reader indicates in real time that the hive about to be placed contains aggressive bees that produce more honey, but are not suitable because of their behavior. 

Certainly, a plethora of examples can be cited to support the use of RFID technology in deploying assets in animal operations (deploying being a step in asset management).

Thankfully, RFID tags are extremely durable, tamper-proof and capable of withstanding extreme environments. They are a practical choice for efficient and effective deployment in asset management because components of an asset must be in place for operations to go forward.