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A Barcoding solution is never just a piece of hardware: This is the heart of Barcoding’s Process, People, Technology (PPT) philosophy.
First, we work to understand our clients’ businesses—their workflows, people, cultures, and goals—and then we discuss the types of technology available to fit their needs.
Barcoding, Inc. is a premier partner with the best manufacturers and software providers in the automated data capture, mobility, and supply chain spaces. Because of our strong relationships, our clients have access to high-level resources at our partners’ organizations—from the executive teams to sales, engineers, and support.
Radio frequency identification (RFID) systems are everywhere. Industries as varied as retail, farming, healthcare, human resources, airline/airport, and the military rely on this technology to track their assets—whatever those assets might be. As long as you can stick a tag on it, you can use RFID to monitor and manage it.
RFID has become ubiquitous because it’s very cost-effective and helps optimize supply chain performance, all while saving organizations significant time and money. Let’s take a look at how it works, where it’s best used, and how it can benefit you.
RFID systems use short-range radio waves to send data from assets (boxes in a warehouse, for example) to devices designed to capture the information. The simplest and most affordable systems consist of just a handheld RFID reader (with an integrated antenna) and RFID tags.
This is an example of a basic RFID system; more sophisticated solutions may also include multi-port readers, GPIO boxes that interact with the reader, multiple antennas and cables, added functionality, and associated software.
“Where can’t it?” is a better question! RFID asset tracking is a “no-brainer” for the Warehousing & Logistics industry, but really any organization that would like to better manage its assets will benefit from deploying an RFID solution.
Here are some of the business types that leverage RFID in order to improve the efficiency of their supply chains and businesses:
There’s virtually no business, regardless of size, type, or industry, that doesn’t need to maximize efficiency and improve the customer experience, especially with today’s increasingly complicated (and competitive) supply chain challenges.
Tracking assets using RFID technology gives decision makers the accurate data they need, in real time, to take actions that lead to improvements in:
Another benefit of the visibility RFID systems provide is a reduction in misplaced assets and theft. Many industries are particularly prone to theft, but with RFID tracking every tagged item can be triangulated to pinpoint its exact location at all times. The benefit to the Construction industry, which reports losses of $1 billion every year...just in copper alone! Add losses of lumber, tools, and equipment, and you can quickly understand the value of tracking.
So, what will all this visibility cost you? RFID systems—even the more complex ones—are relatively inexpensive and easy to deploy and run, and benefit small to medium-sized businesses just as much as those with multiple locations and warehouses.
As an example of the payback some industries can expect after implementing an RFID system, statistics put the ROI for the Retail sector at about 200%. According to Loss Prevention magazine, retailers can speed cycle counts by 25 times those done with manual bar code scanning, and help them achieve 99% inventory accuracy. They’re also more quickly alerted of replenishment needs, improving on-floor availability and decreasing out-of-stocks by up to 30%. All this leads to sales increases of up to 10%.
So, how does RFID compare to barcodes, you ask? Well, both have their place, and which you use will depend on the nature of your assets, how and where they’re warehoused, how much inventory you have, and other considerations. In general, though, RFID does have some distinct advantages over barcodes:
In short, barcodes are ideal for businesses with smaller inventories and that don’t need a high level of automation; RFID is preferred for large inventories and complex processes that benefit from being automated.
When you consider all its features and benefits—cost, flexibility, effectiveness, and others—it’s clear that to many industries and situations, RFID’s power to streamline and automate asset tracking is invaluable. If you’d like to know more about the technology and how it can drive efficiencies in your business, we’re ready to talk—just click the link below to start a conversation with our experts!
Learn about the latest Supply Chain Trends, Technologies, and Best Practices on Barcoding’s Geek Speak blog!