bring rfid to asset management

Bring RFID to Enterprise Asset

Management

E-ISG Asset Intelligence (www.e-isg.com)

February, 2016

RFID – Key Benefits

Use of Radio Frequency

Identification (RFID) technology for

automated inventory control

eliminates costly user-initiated line

of sight inventory activities that

other technologies require.

RFID Eliminates Line of Sight Scanning

How RFID Technology Add Value to

Asset Management?

1 . Reduce counting/audit t ime by 6.5x – save Labor

costs

2 . Automate the update of asset location – save t ime

in locating assets

What RFID Technology Doesn’t Do

Manage the Lifecycle Infor mation of Individual

Asset or the Relat ionships among Assets

Schedule and track asset Cal ibrat ion/Maintenance

Suppor t workflows

Generate routine and customized repor ts for

decision making and compliance repor t ing

What Asset Management Software

Does

Manage Financial , Physical , Contractual

Infor mation of Physical Assets

Manage Asset Li fe Cycle events – record, change of

custody, inventor y audit , maintenance, ret irement

Automate Repor t ing – Operation, f inancial ,

Compliance

Automate business processes through workflows

7

1. Enterprise wide visibility to physical assets – improve

operation

What

Where

Who

2. Streamlined data entry and reporting – save labor hours

and reduce risks

Purchase orders feed into asset management systems

Data from asset management systems feed into

Finance to prepare for depreciation and tax reporting

Benefits from Asset Management System

8

Reduce labor hours spent on locating assets

Reduce labor hours on auditing assets

Prevent loss of assets by setting up geo fencing for

assets

Collect additional information from assets to assist

decision making, e.g. temperature, meters

Benefits of Bringing Physical RFID to Asset Management

Active

Passive

Battery Assisted (BAP)

GPS/A-GPS

RFID Tag Types

10

Passive RFID Technology – How It works

• Specialized Handheld Readers

– Mobile Computers

– Bluetooth attached readers

• Fixed Position Readers

– Mounted near doors/areas

– Fully automated operation

Passive RFID Technology --Options

Don’t know where the materials, parts and equipment are

Expensive tool gets moved around in the plant, but nobody is

alerted

Plant engineers spent overtime labor to inventory parts and

equipment – cost overrun

Unable to track the components in an assembled

workstation (parent/child relationship)

Unable to report to Customs the duration of the individual

equipment in the plant since imported to Mexico

Case Example -- Automobile Manufacturing Facility

Case Example – What We Did at the Facility

Tag all assets with Passive RFID tags

at receiving

Install read points at doorways

Establish Zones throughout Floorplan

Logged events on:

Units movement outside of

designated zones

Track Assets within Floor/Zones

Track Assets Moved Outside of Designated Zones

Case Example – Post Implementation

1. Eliminated daily cycle count

2. Eliminated overtime hours for

inventory audit

3. Eliminated $2 Million in Customs

fines for inaccurate records

Thank you!

Share your feedback by emailing us: sales@e-isg.com