An RFID asset tracking system is acquired by an organization to run its operations. This could be IT assets, furniture & fixtures, lab equipment, plant & machinery etc. Once the acquisition is done, it becomes critical for companies & organizations to know the whereabouts & condition of their assets.

The last two years have been tough for organizations with a global presence. They relied on talent across multiple countries to deliver business. Singapore has been no exception. Pre Covid, it was an accepted norm to have people coming in for a short duration to support ongoing projects.

In most warehouse and logistics environments, the RFID tracking system has become an invaluable tool and a necessity. Typically, RFID tracking works through several stages. At each step, inventory comes under greater control in an efficient contactless manner: 

IMDA started a nationwide RFID adoption drive in 2004 amongst key industry players. s RFID is a relatively new technology in Singapore, it is necessary to nurture the requisite capabilities now to support its future growth. To this end, the IDA is working closely with local RFID solution providers, leading MNCs and educational institutes to…

As part of asset management, inventory management is the most important area of control. Having been an auditor myself during my earlier career years, I remember at year-end audits, the time and effort spent by us along with the client’s staff on counting inventory and ensuring that the physical inventory matches with the book inventory.

RFID Technology is revolutionizing the retail sector in a big way. With the prices of RFID tags coming down due to the evolution in technology and advanced production techniques, passive RFID is replacing the incumbent Bar Code technology.  

A good solution design uses technology to fit a solution and not the other way round. While designing IoT Solutions, there are several technology options available, a solution decides technology based on business needs.

Digital Transformation in any organization is a complex task involving Technology, Processes, Data and Organization change.

The economics of businesses today has been transformed by the rapid pace of advancement in the IoT environment. The need to shorten the buying cycle & inventory replenishment with the lowest cost & carbon emission footprint involved, while ensuring that the needs of the business and clients are met to safeguard its profitability.

Do you know a modified Coca-Cola vending machine at Carnegie Mellon University in 1982 was the world’s first connected device that was able to report its inventory and whether newly loaded drinks are cold or not?