As businesses continue to grow, asset tracking has become an integral part of efficient inventory management. And to make this task convenient, RFID technology and walk-by systems are two popular methods. We'll dive into the pros and cons of RFID and walk-by systems to help you make an informed decision.
RFID Technology
RFID (Radio-Frequency Identification) is a wireless technology that uses radio waves for tracking and identifying objects. It consists of a tag attached to each asset, which communicates with an RFID reader to transmit information. With RFID, tracking assets has become an automated and fast process.
Advantages of RFID Technology
- Automated tracking: RFID technology automates the asset tracking process, which reduces the need for manual data entry, decreases the incidence of errors, and saves time.
- High accuracy rate: RFID technology has a high accuracy rate compared to traditional asset tracking methods as it's less prone to human errors.
- Faster asset tracking: RFID technology is faster than walk-by systems as it doesn't require the reader to be in close proximity to the asset to track it.
- Better organization: RFID technology stores all asset data in a central database, making it easier to manage and monitor inventory levels.
Disadvantages of RFID Technology
- Higher cost: RFID technology is relatively more expensive than walk-by systems, especially for small-sized businesses.
- Maintenance: RFID tags and readers can wear out with time, and it can be challenging to identify and replace them as necessary.
- Complexity: RFID technology involves numerous components and systems that require specialized knowledge for maintenance and troubleshooting.
Walk-by Systems
Walk-by systems are the traditional asset tracking method that involves manual tracking of assets using a handheld scanner. The scanner records barcodes or QR codes on assets, which are later decoded to obtain asset information.
Advantages of Walk-by Systems
- Lower costs: Walk-by systems are comparatively cheaper compared to RFID technology, especially for small businesses that can't afford a costly asset tracking solution.
- Ease of use: Walk-by systems are easy to use and require little to no training.
- Flexibility: Walk-by systems can be customized to fit the specific needs of different businesses.
Disadvantages of Walk-by Systems
- Limited tracking capability: Walk-by systems can only track assets that the scanner passes by, slowing down the asset tracking process.
- Prone to human errors: Walk-by systems depend entirely on manual data entry, which can be prone to errors.
- Time-consuming: Walk-by systems take more time to identify and record asset information than RFID technology.
Conclusion
RFID technology and walk-by systems have different strengths and weaknesses when it comes to asset tracking. RFID is ideal for businesses that manage high-value assets, high-volume inventories, and require real-time information. On the other hand, walk-by systems may be more practical for small businesses that are starting with a smaller inventory or don't have the budget for RFID technology. Ultimately, the choice between RFID and walk-by systems will depend on individual needs, budgets, and priorities.
References
- Lantech. (2019). Asset Tracking Comparison: RFID vs. Barcode [Blog post]. https://www.lantech.com/blog-post/asset-tracking-comparison-rfid-vs-barcode/
- Align Asset Management. (n.d.). 5 Benefits of RFID Asset Tracking Your Business Can't Ignore. https://www.alignam.com/blog/benefits-of-rfid-asset-tracking
- Asset Panda. (2021). How RFID Technology is Revolutionizing Asset Tracking. https://www.assetpanda.com/blog/how-rfid-technology-is-revolutionizing-asset-tracking/