With growing pressure in the public and private sector for improved asset management, now is the time for organisations nationwide to embrace asset tracking technologies designed to eliminate the laborious and costly task of the manual audit. Despite this pressure, many organisations still remain reluctant to exploit new and improved technology due to the costs once associated with RFID. Many organisations still rely solely on barcode technology and with active tags remaining an unaffordable and unrealistic option for most, passive tags up until now have often been left in the dark – but why?
I want to share 5 reasons why passive tagging has changed and why organisations should now be considering it as a viable option:
- Passive tagging enables organisations to quickly and easily locate any number of assets en masse with a single click – regardless of location. No more trekking round a warehouse or crawling under desks hunting for a barcode.
- Passive tags allow for remote access to a comprehensive list of located and/or missing items. The days of a single central workstation are gone.
- They reduce unnecessary capital expenditure on redundant or under-used assets by providing a full history of previous audit results.
- Passive tags efficiently flag assets as located, transferred or missing and automatically update the asset register – significantly reducing the room for error.
- They provide auditors with reliable, proven data to assist in compliance with corporate governance regulations including IFRS and SOX.
Whilst it may have been true that passive tagging was once an expensive process, times and technology has changed – organisations need to realise that passive tagging can now deliver both time and cost savings.