Asset Management
Asset management refers to the systematic process of managing, monitoring, and optimizing an organization's assets to maximize their value and ensure they are used efficiently. It encompasses a broad range of activities depending on the type of assets being managed, from financial investments to physical equipment to digital resources. Here’s a closer look at asset management across various contexts
What Is RFID Asset Tracking?
RFID asset tracking is an accurate and secure way to track your physical assets using RFID technology and hardware such as readers and tags. It is used in multiple industries to improve inventory management, with companies adopting RFID tracking solutions seeing their inventory accuracy increasing from 63% to 95%. RFID tracking works by loading an RFID tag (active, passive, or semi-passive) with data (ID, condition, quantity, location, etc.) and physically attaching it to the relevant asset for it to be read and captured in an asset tracking system.