OVERVIEW OF TRACKING ASSETS:

In financial accounting, an asset is any resource owned by the business. For an asset to be present, a company must possess a right to it as of the date of the financial statements. An asset tracking system can record the location and usage of the assets and generate various reports.

Fixed assets undergo depreciation over the years and lose their value due to wear and tear, excessive use. Valuing fixed assets is important for cost savings. Accounting teams must revalue these assets on a regular basis to ensure that the accurate costs are included on the books when it comes to audit in the ongoing year or budgeting for the next year.

Companies need to evaluate whether the assets need to be completely replaced or discontinue its use. Depreciation helps the company determine the cost of its daily operations and business profit. The best way a company can track their fixed assets and accurately evaluate the depreciating cost of the assets is by using a fixed asset tracking solution.

SOLUTION:

A Fixed Asset tracking solution helps companies gain operational efficiency by maintaining the information about the business property.

Barcode Gulf provides a reliable fixed asset tracking solution for tracking physical assets either by scanning barcode labels attached to the assets and calculate the depreciating value of assets. However, this method will require a significant amount of manual labor. Additionally asset management can be improved by using radio frequency identification (RFID) technology to automatically track the assets.

RFID based asset tracking requires an infrastructure to be built in place. The system can provide real time information of fixed and mobile assets by using electromagnetic fields to transmit data from an RFID tag to a reader.

RFID Tags are generally classified as Active and Passive Tags. These tags can be identified for use based on the purpose to accomplish.

‘Passive’ RFID tags broadcast their location but have a few meters transmission range whereas in longer range ‘Active’ tags a radio transmitter is powered by a battery and can transmit up to 2000 meters in optimum condition. RFID tags are quite expensive compared to traditional barcodes.

‘Passive’ RFID tags are cost effective than ‘Active’ RFID Tags. ‘Active’ tags have a limited lifespan than ‘Passive’ tags. ‘Active’ RFID tags are divided into two types namely beacons and transponders. Transponders help conserve battery life by being alert when they receive a radio signal from a RFID reader on the other hand the beacons emit a signal at a pre-set interval.

By using this solution, the company gets a complete understanding on the location, quantity and the condition of a company’s physical property without costly and time consuming efforts involved in manually managing equipment. There are multiple advantages of using this solution which are as follows:

• No line-of-sight is required between tags and scanner. Multiple tags can be read in very few minutes.
• Assets can be located remotely by integrating solution with Wireless LAN.
• Asset Inventory can be reduced from many days to few hours.
• Real time alerts and alarms are activated if the assets are moved into unauthorized locations, which provide security of these assets.

For any enquires contact our barcode gulf team on sales@barcodegulf.net

INVENTORY TRACKING USING RFID SOLUTIONS

To gain operational visibility of inventory locations throughout the supply chain loop, a company must track its stock items. An accurate inventory helps businesses to fulfill customer orders on time.

As brands in business grow out of small warehouse into larger facilities, there is a need to accurately track and manage their inventory. With conventional systems that rely on human counting, inventory accuracy decreases over time. Inventory accuracy is particularly important for retailers, wholesalers or distributors, manufacturers who stock high volume of products for different customers and want to gain complete inventory control.

Barcode Gulf Solutions helps businesses with a perfect inventory tracking solution using Radio Frequency Identification (RFID) technology. RFID is a technology that uses radio waves for communication between a tag and a reading device. Each part of stock items is assigned a SKU or stock keeping unit by manufacturer and is printed directly on packaging. These SKUs are used to associate transactions like stock receiving, transfers and issuing.

Inventories are entered in the system with the SKUs, shelf, bin location and quantities. To issue inventory, SKUs are scanned, the location is selected and the quantities issued are entered into the system. Using this technology, businesses can identify individual products and components often at a distance of several metres reducing their inventory time and business efficiency. Using the solution, stock managers can carry out cycle counts to make sure that inventory is accurate.

The benefits of using Inventory tracking solution are as follows:

• It prevents over-stocking or under-stocking of products and components
• It provides stock managers with full operational visibility of what quantities they have on shelf location and when to order additional quantities.
• It helps keep track of the products that are moved from one part of a factory to another.
• It helps to maintain the accuracy of stock inventory in very less time.

To help grow your business with our solution contact us on sales@barcodegulf.net

RFID Event Management Solution

Introduction

Every event needs a method of registration, admission, and an efficient way to log attendance. For some events, the need to eliminate counterfeit passes is a key focus. And in situations where there are exclusive areas, a quick and accurate way of providing access is also a must.

By integrating RFID technology into events like PR, trade shows, and corporate conferences, event managers are able to provide event planning and production strategies that deliver measurable results. Attendees are provided wearable RFID tags such as lanyards, badges, and wristbands that contain pre-registered guest information. This allows them to access the event easily, while event organizers are able to automatically authenticate guests and capture attendance data as they arrive. When attendees move through different zones of the event, the RFID tags broadcast their location and interaction patterns. Our RFID Event Management application can enable streamlined registration processes. Advanced configurations, on the other hand, can provide specific interaction information by broadcasting real-time participant engagement. The result is the ability to capture large amounts of valuable information that can be used for data mining to optimize an organization’s sales and marketing processes.

Key Features

1. Participant registration

Using the latest in RFID tag generation facilities, event attendees can self-register and gain their tags, in the form of wristbands or badges, on the spot. This entails that less manpower is needed to conduct the registration process, and self-registration ensures a quicker registration process. Self-registration ensures better email and mobile number capture – and with these details on board, event organizers have better database updates.

Information of attendees who have registered through third party portals can be imported and used in our solution.

2. Badge Printing

EMS provides On-site event badge printing with three simple steps: set up, design, and then print badges. Personalized badge designs to produce stunning cards that convey the essence of your event.

3. Push Notifications

With Push Notifications, EMS can offer participants stress-free and effortless interactions like feedback surveys asking them to highlight the issues they had while filling out the registration form, checking in, accessing the event agenda, topic of discussions etc.

4. Export Reports with Ease

Our software is an easy way to generate reports and hence you can make use of this to send client reports, analytics, registration, ticketing, scheduling as well as surveys.

Advantages

1. Accurately measuring attendance tracking of events
2. Real-time visibility
3. Upgrade attendee engagement onsite
4. Simplify the check-in process
5. Impress your attendees
6. Accurate session attendance reporting