Executive Briefings

Increasing Profits and Productivity: Bar Coding and RFID Enables Precise Asset Management

Automatic identification and data collection (AIDC) technologies and techniques that already demonstrate their value improving supply chain visibility are easily adaptable to help optimize asset levels. Bar code and radio frequency identification (RFID) technology can make it simple and convenient to gather and manage asset information in a timely and efficient manner. These technologies can record asset movements automatically, and provide real-time data to asset management applications. Computerized systems provide current, accurate data that enables an organization to manage its assets with precise information instead of physical inventory. The result is a lower overall asset base, improved asset utilization, increased productivity and more efficient purchasing and maintenance-all contributing to bottom line improvement. These outcomes provide a sustainable improvement in profitability without burdening employees with excessive controls or reporting responsibilities.

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Automatic identification and data collection (AIDC) technologies and techniques that already demonstrate their value improving supply chain visibility are easily adaptable to help optimize asset levels. Bar code and radio frequency identification (RFID) technology can make it simple and convenient to gather and manage asset information in a timely and efficient manner. These technologies can record asset movements automatically, and provide real-time data to asset management applications. Computerized systems provide current, accurate data that enables an organization to manage its assets with precise information instead of physical inventory. The result is a lower overall asset base, improved asset utilization, increased productivity and more efficient purchasing and maintenance-all contributing to bottom line improvement. These outcomes provide a sustainable improvement in profitability without burdening employees with excessive controls or reporting responsibilities.

Download whitepaper