RFID technology allows auditing inventory without line of sight. Integrating RFID with asset management software can support the management of asset life cycle while saving 6x time in inventory audit and preventing theft via real time alert.
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Bring rfid to asset management
1. Bring RFID to Enterprise Asset
Management
E-ISG Asset Intelligence (www.e-isg.com)
February, 2016
2. RFID – Key Benefits
Use of Radio Frequency
Identification (RFID) technology for
automated inventory control
eliminates costly user-initiated line
of sight inventory activities that
other technologies require.
4. How RFID Technology Add Value to
Asset Management?
1 . Reduce counting/audit time by 6.5x – save Labor
costs
2 . Automate the update of asset location – save time
in locating assets
5. What RFID Technology Doesn’t Do
Manage the Lifecycle Infor mation of Individual
Asset or the Relationships among Assets
Schedule and track asset Calibration/Maintenance
Suppor t wor kflows
Generate routine and customized repor ts for
decision making and compliance repor ting
6. What Asset Management Software
Does
Manage Financial, Physical, Contractual
Infor mation of Physical Assets
Manage Asset Life Cycle events – recor d, change of
custody, inventor y audit, maintenance, retirement
Automate Repor ting – Operation, financial,
Compliance
Automate business processes through wor kflows
7. 7
1. Enterprise wide visibility to physical assets – improve
operation
What
Where
Who
2. Streamlined data entry and reporting – save labor hours
and reduce risks
Purchase orders feed into asset management systems
Data from asset management systems feed into
Finance to prepare for depreciation and tax reporting
Benefits from Asset Management
System
8. 8
Reduce labor hours spent on locating assets
Reduce labor hours on auditing assets
Prevent loss of assets by setting up geo fencing for
assets
Collect additional information from assets to assist
decision making, e.g. temperature, meters
Benefits of Bringing Physical
RFID to Asset Management
11. • Specialized Handheld Readers
– Mobile Computers
– Bluetooth attached readers
• Fixed Position Readers
– Mounted near doors/areas
– Fully automated operation
Passive RFID Technology --
Options
12. Don’t know where the materials, parts and equipment are
Expensive tool gets moved around in the plant, but nobody is
alerted
Plant engineers spent overtime labor to inventory parts and
equipment – cost overrun
Unable to track the components in an assembled
workstation (parent/child relationship)
Unable to report to Customs the duration of the individual
equipment in the plant since imported to Mexico
Case Example -- Automobile
Manufacturing Facility
13. Case Example – What We Did at
the Facility
Tag all assets with Passive RFID tags
at receiving
Install read points at doorways
Establish Zones throughout Floorplan
Logged events on:
Units movement outside of
designated zones
16. Case Example – Post
Implementation
1. Eliminated daily cycle count
2. Eliminated overtime hours for
inventory audit
3. Eliminated $2 Million in Customs
fines for inaccurate records