A Technical Look at Choosing the Right RFID Tags

Not all RFID tags are equal. Therefore, there are many factors to consider when selecting RFID tags. Some examples include; Frequency – tags are tuned to operate within a given frequency range and must comply with governmental regulations Compliance with standards – information is stored within the chip following a universal format Type of electronic […]

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RFID Site Survey

An RFID site survey is a physical survey of the premises where the use of RFID equipment is will be installed and implemented. The survey identifies optimal locations for the physical installation of RFID readers and antennae. When considering the use of RFID equipment, it can be difficult to predict the propagation of radio waves […]

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Considerations in Deploying RFID Technology

The first considerations concerning the use of RFID are factors that can impact reliability. A basic RFID system will include am RFID tag and an RFID reader. The tag is comprised of an embedded electronic chip that is used to store information and an antenna that is used to transmit. A reader, which can be […]

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Introduction to RFID Technology

If you are considering an automated means to verify and track your fixed assets, RFID (radio frequency identification) might be the right solution for you. In this blog series, we will identify the benefits as well as the potential drawbacks with this technology. To begin, it is important to understand that the technology utilizes radio […]

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The Role of Stakeholders in Effective Asset Management

Controls are necessary in order to ensure that asset management is occurring and as expected. There are many ways to achieve control and they will vary throughout the asset life cycle. For example, controls that apply to acquisition will differ from those of verification. However, the principal problem that is commonly experienced lies in record-keeping. […]

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Asset Management Entry 3 – InformationFlow

Automating asset management activities represents an important control. Typically this relates to the capture and reporting of information. However a better approach is to apply automation at the workflow level and as a means to automatically force compliance with policies and regulations. Doing so would also, by design, include data capture activities. Of particular significance […]

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Reconciliation Entry 9 – Conclusion

Generally speaking, a fixed asset register is intended to be used for depreciation reporting – not for tracking physical assets. Consequently, the vast majority of registers either don’t accommodate the detail needed to track assets or the personnel who maintain a register typically do not have enough reliable information in order to include tracking details. […]

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Reconciliation Entry 7 – Additions

In order to reconcile capitalized fixed assets, Verasset must first conduct a physical inventory count. Prior to beginning the physical verification task, we compile a list of asset types that will be included in the physical inventory. The results from the physical count are used to verify or adjust the fixed asset register records. During […]

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Physical Inventory Entry 10 – Deliverables

The primary deliverable of a physical inventory engagement typically consist of an electronic inventory database, a project summary report, and often asset tags are affixed to all equipment. The report summarizes the project procedures and findings. The database contains the information gathered during the physical inventory and also serves as an audit trail of the […]

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Physical Inventory Entry 9 – Coordination

Communication and coordination is a high priority in conducting a physical inventory, as it is with any project involving multiple individuals. Inventory teams navigate and coordinate progress through client facilities using maps. Teams communicate with one another and the Inventory Controller using 2-way radios and cell phones. When a problem is encountered, teams relay this […]

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