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 […]
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 […]
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 […]
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 […]
A common set of benchmarks are used to plot the maturity of an organization’s asset management program. Using benchmarks provides a means to determine the current state of your program based upon the experience of others. Benchmarks also help to set reasonable expectations as to what improvements are required to reach the desired end state. […]
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. […]
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 […]
In order to identify the classes of expensed/non-capitalized assets to be tracked and included within an asset management program, you must establish a set of criteria. For example, assets that contain confidential information need to be controlled. Assets susceptible to theft or misplacement warrant inclusion as well. In some cases an asset is constructed from […]
The term asset management is used to represent a system of internal controls designed to safeguard and track the property of an organization. Most organizations have a policy to capitalize only those assets which cost more than a specified amount and expense all equipment whose value is below the threshold limit. Similarly, fixed assets which […]
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. […]