Using electronic numbering, especially EPC codes, allows RFID technology to help identify assets and improve business functions. Financial returns are routinely, if subtly, felt in major infrastructures such as power and utility systems, oil pipeline networks, electrical grids, agricultural enterprises and transportation networks where rugged and portable RFID is often used in the field.
But, asset numbering is equally apparent in enterprises like medicine, manufacturing and retail trade where business is transacted, more or less, under one roof-not to mention its use in transit.
In all of these situations, the ability to track service equipment, tools and product through the use of numbered tags, readers and software is a boon in reducing the cost of inventory. But, ultimately, because of tag/asset numbering, returns also accrue through better management efficiency in WIP, maintenance, worker safety, and compliance certification.Read more