3 Major RFID Asset Tracking Benefits in the Supply Chain

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Presently, a large share of people has been investing in supply chain businesses. Are you one of them? If yes, then you might know how difficult it is to manage the supply chain, especially when you do not have enough experience, proper training, and knowledge.

To increase operational efficiency, you need to upgrade your tech infrastructure and ensure that your business meets new supply chain needs. When it comes to supply chain technology or warehouse technology, everyone usually counts on RFID first. Radio Frequency Identification or RFID is a method of tracking or identifying tags, attached to specific objects. In the warehouses, where so many products are stored, businessmen track the specific item by using the RFID warehouse management system.

RFID vs. Barcode – Which is Better?

RFID serves two purposes – it takes care of inventory management as well as asset tracking. Through barcode technology, the supply chain businesses only track the inventory while RFID technology allows them to track the movement of their trucks, returnable transit items, forklifts, and other valuable items that come in and out of the warehouse. You cannot scan the barcode of an item unless you know where it is.

RFID Asset Tracking Benefits

1.      Locate Your Item

Let’s start with the basic one. Yes, through a hand-free RFID asset tracking system, you can easily locate all your items in the large warehouse.

Tracking every small item in your warehouse is not that easy as it sounds. Fortunately, RFID technology makes it easier for you to keep track of all your precious items. Even if you cannot see your product in the large warehouse, the RFID inventory management or asset tracking system makes it possible for you to find your item within a short time.

2.      Improve Your Employee Productivity

As it is already mentioned, RFID technology does not need employees to find or locate assets in the warehouses. Your employees do not have to waste their time performing the following tasks – scanning individual barcodes and searching for specific items. The RFID retailer or warehouse management system will carry out the mentioned task that is to track assets on their behalf. This means, when you opt for RFID solutions for retailers, you will be able to improve your employee productivity.

3.      Minimize theft risks

With RFID inventory management, retailers and supply chain businesses can quickly gain inventory information and location. No matter where your asset is in the warehouse, you can track it easily. By tracking all the movements of your precious product, RFID systems will help you minimize the risk of theft and loss.

Warehouse employees or retailers will never have to worry that their precious products will be lost when they have an RFID system. With the help of a renowned RFID technology company, you can always keep track of your warehouse items.