Radio Frequency Identification technology,
commonly known as RFID, has started to scale into the operational systems of a
wide variety of companies that have a need to accurately track multiple assets
in large volumes.
The real-time information that is capable through
this wireless technology can help companies reduce costs, enhance manpower time
and efficiency, increase accuracy, and improve overall production performance.
The
technology is enabled using RFID tags (attached to inventory or equipment) and
an RFID reader, which receives and broadcasts information. These RFID readers
have the ability to scan multiple tags at the same time, assuring fast and
accurate inventory auditing and management as the errors and mistakes of manual
inventory keeping are immediately eliminated.
One of my roles as Chief Operations Officer for Kinetic RFID, an innovative provider of
asset tracking technology to the hospitality industry, has given me first hand
experience to how RFID technology can impact operations processes, and a
company’s bottom-line.
Let’s
look at hotels and the hospitality industry. One of the largest expenses within
these venues is the cost of towels, sheets and related linens. The ability to
manage linen loss as it circulates around the hotel, leaves the property for
laundry servicing and returns presents a huge challenge. Linen losses and
depletion in inventory negatively impacts budgets and revenue, and can also disrupt
the customer experience through inefficient allocation of items. By automating
the process with the placement of an RFID chip on every towel and piece of
linen, manual errors are eliminated and linen inventory can quickly and
precisely be tracked and audited in real-time throughout the hotel.
When
the tracking of assets is automated with RFID technology, a hotel or any
business immediately benefits from access to the live information about the
location and movement of each and every asset. Instant audits will show
managers exactly where an item is at any given time, which also helps reduce
loss through theft. It also guarantees accurate distribution of each item to
its proper place.
The
level of accuracy that RFID is bringing into company asset management is
immediate and indisputable: optimization of operational systems and ROI through
stabilizing losses and large-scale replacement costs.
You
can get more information on RFID technology and processes at KineticRFID.com