Inventory visibility allows companies to be informed about their inventory in order to make their supply chain as effective as possible. It supplies immediate and accurate data, ranging from in-stock inventory to in-transit inventory, and aids in the optimization of the end-to-end supply chain process.
One out of every 20 paper documents are lost in the workplace, and office workers lose hundreds of hours each year searching for documents that have been misplaced. Luckily there are now effective solutions to avoid inefficiencies associated with document management.
By implementing an RFID-based file tracking system a company can save hundreds of hours of employees searching for lost files, increase security around said files, and achieve a level of organization that is impossible without a technology based file tracking system.
The benefits of using RFID for asset tracking and management have been well explored and defined, such as:
- Locating assets in real-time
- Reducing inventory
- Eliminating time wasted searching for equipment
- Reducing rental costs by clearly measuring utilization
- Optimizing maintenance rounds
- Automating alerts/notifications based on events