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Tanweer Technologies
May 27, 2021

RFID in Asset Management

After the tremendous technological growth of the Internet of Things, Radio-Frequency Identification, or what is known as RFID, has become a necessary technology.

Radio-Frequency Identification

In the past 20 years, global adoption of asset management solutions has reached its peak all over the world. Leading the manufacturing, logistics and retail sectors.

As companies continue to evolve and strive to manage their vital, high-value assets to generate revenue. RFID technology has proven itself as an effective assets management tool (whether for inventory, equipment, vehicles, or even employees),  because of its advantages, such as reducing the actual working time and providing complete efficiency in the most cost-effective way.

RFID asset tracking is a method for automating the management and location of physical assets. It uploads the data, attaches it to a related asset, and includes the name, amount and location. Through frequent waves, the RFID reader can capture the stored data and send it to the intermediary program that collects it and sends it to the database in the integrated asset management and connecting the site information with the asset information to monitor it and take the necessary actions for it.

In recent years, organizations have become increasingly aware of their need for asset management measures. It is developing solutions that allow for accurate and efficient management of organizational assets. The required information can be collected automatically and at a low cost by providing a convenient tool for automatic collection of information on security settings of IT equipment.

This policy aims to maintain information and software security as well as make full use of information related to assets, which includes information on asset purchase and rent contract information, maintenance contract information, information related to cost sections, personal information about owners, information about installation sites and land layouts, as well as inventory information for IT equipment that can be obtained through the automatic inventory.

What is important about this is that these elements are managed in an integrated manner. The information is also kept up-to-date. Here, work is automatically progressed and information is updated about purchases and asset disposal. This technology allows for a simplified process of adding and updating information. Moreover, it automatically checks whether this information is the most recent one or not.

It also aims to put an end to highly error-prone technologies and methods such as paper files, spreadsheets, etc., and to track multiple assets simultaneously without human intervention, collect data on time, identify lost assets, and maximize inventory accuracy.

Despite the different organizations that rely on RFID technology and its diversity, the basic principles of how the RFID tracking system works are almost the same, and the tools they use are:

RFID signs are active, passive, or semi-passive


RFID reader

Computer database equipped with asset tracking software

The RFID asset tracking process can be divided into four phases:

First, the data is stored on the RFID tag with an Electronic Product Code (EPC), and then attached to an antenna asset that identifies a nearby RFID tag.

Then the RFID reader is connected wirelessly to the antenna and it receives the data stored on the RFID tag.

Then the reader transfers the data to an asset-tracking database where it is stored, evaluated, and necessary actions are taken.

Active battery-powered RFID tags which constantly transmitting signals (such as vehicle and transit fees) are widely used.

Active RFID tags have a signal range of about 15 meters, but they are generally more expensive than passive RFID tags.