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RFID vs Asset-Tracking Software

November 02, 2021

RFID vs Asset-Tracking Software

When it comes to managing inventory and assets, companies often consider using RFID (Radio Frequency Identification) technology or Asset-Tracking software. Both options have their benefits and drawbacks, and it can be challenging to decide which is most suitable for your business. In this post, we will compare RFID technology with Asset-Tracking software based on factors such as accuracy, cost, and implementation.

Accuracy

One of the most critical factors to consider when choosing between RFID technology and Asset-Tracking software is accuracy. RFID tags use radio waves to transmit data, making them incredibly accurate in identifying and tracking inventory and assets. These tags can be read from a distance, which saves time and reduces the risk of human error. However, RFID technology is not foolproof and can encounter interference or be affected by environmental factors such as metal, water or electromagnetic fields.

Asset-Tracking software, on the other hand, relies on manual inputs or barcodes, which can lead to human error or missed scans. The accuracy of Asset-Tracking depends on how well the process was implemented and the training of the people applying it. However, Asset-Tracking software does not depend on external conditions, which makes it a straightforward solution in controlled environments.

Winner: RFID technology

Cost

Cost is another major consideration when deciding between RFID technology and Asset-Tracking software. RFID tags and readers can be expensive initially, and the installation of a system can have additional costs. On the other hand, RFID technology can save money over time due to increased accuracy and in turn, savings on inventory, and labour costs.

Asset-Tracking software is generally less expensive and easier to implement in terms of cost, and training. Asset-Tracking does not require any hardware, and the implementation is almost immediate.

Winner: Asset-Tracking Software

Implementation

The implementation process of RFID technology and Asset-Tracking software can have different degrees of complexity. RFID technology is harder to implement due to the need for expert technicians and integration with other systems. It’s also important to consider the costs related to the disruptions that the installation can generate.

Comparing it with Asset-Tracking, which is very simple to implement, as it commonly uses smartphones or tablets to work. Also the technical team can perform the incorporation of new assets in a couple of minutes or even seconds if the information is uncomplicated.

Winner: Asset-Tracking Software

Conclusion

Both RFID technology and Asset-Tracking software have pros and cons depending on a company’s specific circumstances. RFID technology provides unparalleled accuracy and a better chance to encounter control issues, but it requires a significant initial investment. Asset-Tracking software, on the other hand, is cheaper to implement and can be easily incorporated into a routine.

When considering what is best for a company in terms of managing inventory or assets, it’s important to weigh the needs and goals of the business. Taking the accumulated costs and benefits of implementing RFID technologies or Asset-Tracking software should be part of the decision-making process.

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