Reserve Bank of Uganda implementing RFID for centralized asset auditing
Upgradation of RFiD technology to automate the Asset inventory management, handling and tracking. The solution integrates the Inventory; as each docuemnts/files are tagged and data from the tags is automatically read and entered into the system. This automation improves overall accuracy, allows an efficient use of assets, enables a faster turnaround of inventory, increases employee yield, reduces loss by miss distribution. Customer enjoy the power of information such as Realtime tracking, location, returns management, loss calculations & security enhancements, dynamic modelling and asset fleet advance planning and files mishandling.
Key Requirements of Client
The client owns large number of IP and NON IP assets that are portable across locations, that require efficient organization of distribution as well as Monitoring. Since these assets are placed in different locations within the premises, they require prompt identification regarding location and availability. The company needed to efficiently track these large quantity of high value stock to prevent misplacement, enable instant search and effective deployment.
Main Challenges in implementing
- Proper organization of files & assets across various locations within the premises.
- Ensuring quick search of required file amongst different types of stock at a particular location.
- Association of stock based on spec in a parent-child relationship.
- Ensuring a quick match of components/accessories to their main devices.
- Checking the availability of every stock
- Prevention of assets being misplaced or taken out of their assigned locations through missing
asset alerts to the management.
Implementing RFID (Radio Frequency Identification) asset tracking provides several Benefits
Real-Time Visibility: RFID enables real-time tracking of Asset location and status, providing immediate visibility into inventory levels and Asset movements across multiple locations
Increased Accuracy and Efficiency: RFID tags eliminate manual data entry, reducing human error and ensuring more accurate records.
Cost Savings: Automated tracking reduces the need for manual counting and monitoring, freeing up personnel for other tasks.
Faster Audits and Inspections: RFID technology accelerates audits and inspections by providing instant access to Asset data, simplifying compliance checks and regulatory reporting requirements.
Reduced Loss and Theft : RFID tracking helps reduce asset loss and theft by providing an exact record of asset movement. Alarms can even be triggered if items leave a designated area.
