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1. Accurate physical inventory One of the largest benefits for companies, RFID-enabled asset and inventory tracking takes the place of typical time- and labor-intensive physical inventorying of a company’s assets. Because they take so much time, most companies only inventory their assets once a year ¿ and a lot can happen in a year. RFID speeds up the inventory process by automating it. Because RFID doesn’t need line-of-sight reading, it speeds up the process of inventorying assets and as a result, companies can perform more frequent inventories. This means they have a better idea of what they have, where it is and the status of each asset. No more guessing. 2. Security for high-value or critical assets Nearly every company has certain critical assets, many of which tend to "disappear" for one reason or another. Loss and shrinkage on a large scale can really impact the bottom line. RFID helps alert companies to asset movement and status, thereby proving to be a powerful tool in the fight to keep assets safe and where they should be. 3. Improved capital expenditure Better tracking and management of assets leads to better asset utilization. When a company knows what assets are being used and the "when" and the "how" they’re being used, they can get a better handle on realistic capital allocations for the year. Companies that previously had to rent equipment to compensate for items that couldn’t be located are realizing the benefits of asset tracking and management. Other organizations that have to buy more assets because they have been lost or stolen also could benefit from real-time tracking of assets with RFID. Fluensee helps companies faced with the above issues achieve a rapid ROI on their asset management investments. Contact us to find out how we can help your organization.
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