In the world of manufacturing, teams are constantly looking for ways to improve productivity and efficiency within asset tracking. Realizing this evolving need, CONTROLTEK has proven itself to be the best company offering RFID asset tracking solutions designed to improve productivity and increase efficiency in the warehouse. From software to RFID tags, there are several ways radio frequency identification technology can be used to help warehouse management teams enhance their asset tracking abilities.
RFID technology is most thought of as a means to heighten retail security by tagging goods and having readers places at entrances. However, savvy brands are discovering that radio frequency identification technology can garner significant improvements with your inventory management strategy. CONTROLTEK is a leader in RFID technology for inventory management, providing custom solutions to help organizations of all sizes achieve their goals.
What is RFID Inventory Management?
RFID inventory management, also known as RFID stock control, is the process of managing products in a storefront by using RFID tags that are applied to goods in which readers can detect them and capture any necessary data, in conjunction with custom software solutions. Together, these comprise of RFID systems. The best RFID systems for inventory management will precede the standard course of stock materials. CONTROLTEK offers RFID inventory management systems that will minimize an organization’s carrying costs by, in an automated manner, gathering data, orchestrating records, and running calculations. This will create business efficiency, as well as garner time saving and cost saving measures. RFID inventory management solutions provides help to wholesalers, manufacturers, distributors, and retailers searching for ways to optimize the way inventory is governed.
Inventory management systems powered by RFID technology dictate the process of managing all outgoing and incoming inventory within a retail atmosphere. These systems slash a great degree of time that’s typically spent on tasks such as cycle counts, manual refill calculations, and physical inventory. RFID inventory management also helps to fuel on-shelf availability through critical zero correction, and backstock monitoring.
Regarding RFID, radio frequency identification lends to the digital data encoded in tags that transmit signals picked up by readers via radio waves. A device captures the data and stores it in a database that transfers through a communications interface to a hosting solution where the data can be read and analyzed.
RFID Inventory Management Automates Time Consuming Tasks
Many retailers still manage their inventory using traditional manual techniques. Physically locating, doing inventory counts, tracking product quantities, and other tasks that fall into this wheelhouse of responsibilities takes multiple workers, it requires a great degree of time, and lots of manpower. However, with the right RFID inventory management system put in place, organizations can save a tremendous amount of time while freeing up personnel, removing the risk of human error, and it also provides a more cost-effective solution. RFID tags send signals to a reader letting management know exactly where an item is located, how many items are in stock, and how many need to be ordered to maintain the target stock inventory number. RFID inventory management systems also let teams know where products have been moved, and what stage they are at in the operations chain. If products are being moved to another building, or to an external holding facility on the property, the right RFID inventory management system will be able to reach every square foot of your entire property, whether it in a large warehouse on a separate floor, in an external storage unit, or even if it is being moved by heavy machinery and in in transit to another location in your facilities. The system can also be designed to let team members know when stock volume needs to be replenished under the canopy of full-scale tracking capabilities.
What are the Three Biggest Value Points that RFID Inventory Management Solutions Brings to a Company?
As discussed, using RFID inventory management technology offers multiple benefits. CONTROLTEK is a leading US supplier of the best RFID inventory management systems, and the feedback that we get from our partners that made the switch speaks volume. According to data collected from our customers, here are the top three benefits that enables the RFID system to pay for itself by enhancing production and slashing operational costs:
- Reduced Labor Costs – According to data collected from our clients, their labor costs accounted for as much as 50 to 80 percent of their distribution center costs. One their RFID inventory management system was set up and active they were able to perform inventory check in and counting and shipment verification in a fully automated process that works instantly. This was all possible while only running a few scans as opposed to having a large team of workers processing everything in a manual method. Once their accounting department weighed the cost of running the RFID solution against the internal savings, it was a clear no-brainer that they made the right investment.
- Faster Scanning and Better Visibility – Since RFID tags don’t require a line of sight (something required for scanning barcodes) scanning items is extremely fast. It is possible for readers to collect the data in RFID tags at a distance for extremely fast inventory processing. Companies using RFID inventory management solutions by CONTROLTEK reported that using the system in any orientation gave teams heightened visibility into the details of their inventory allowing them to give more frequent updates and scanning locations to other departments, which improved productivity overnight.
- Returnable Assets Tracking – A large majority of companies use returnable assets fleets such as shipping containers and pallets, and each one represents a sizable capital investment worth protecting. When using RFID inventory management systems employees can trach assets throughout the entire supply chain loop and shed heightened visibility on all inventory locations. As a result, neglect, theft, and returns are minimized.
Call CONTROLTEK to Learn About the Custom RFID Inventory Management System that Will Revolutionize Operations
Investing in the right RFID tags, readers, software, and other components in of itself requires strategic planning, as no two companies and their needs are the same. When you call CONTROLTEK our experts will work with you to piece together the best custom RFID inventory management system designed to help you achieve all your goals. Call today and tap into the advanced capabilities that smart inventory management powered by RFID can bring.
If you and your leadership team have been exploring options that will catapult your productivity and efficiency light years ahead of the competition, then you may have come across the concept of “Smart Manufacturing”.
Smart manufacturing employs digitally integrated manufacturing with computer-integrated solutions, and those that run on radio frequencies that use computer-based technologies to track, and perform a number of other tasks and services. Smart manufacturing uses data analytics to increase productivity and efficiency. Thanks to the many components that create a smart manufacturing strategy, organizations no longer have to guess when production will fail and waste valuable time in trying to find a solution to fix the problem, and RFID technology for manufacturing helps streamline any process involving the tracking and management of assets and goods. With the right technology in place, manufacturing operations can end human error while boosting efficiency along with cost-saving effectiveness.
How RFID Solutions can Provide the Future Success of Your WIP (Work in Progress)
CONTROLTEK offers the best RFID solutions to make improvements to manufacturing WIP operations. Thanks to the innovations in RFID tags in conjunction with smart sensors and software, data can be collected and analyzed in real-time to give management a precise overview of the specific locations of products in each process, while highlighting any respected needed attention.
RFID tags also enable management to automate decision-making and tasks, and these tags enable supervisors to call personnel in when any hands-on tasks or insights are needed. In addition, using RFID tags in the WIP stage enables leaders to gather critical information through the value chain and therefore enhances each product line’s visibility. Finally, RFID tags used in the context minimize the need for hand-delivered data entry at each step saving organizations a great degree of time, money, and manpower.
RFID Tags and Range Capabilities
CONTROLTEK designs RFID tags that can be secured to boxed goods, crates, and shipping containers with the ability to send frequencies and radio signals to readers located anywhere within a warehouse or massive structure, and even in any outdoor loading and unloading areas, and storage facilities. The range capabilities enable no interrupting as teams can work in their respected location and send and receive data in seconds.
RFID Tags can Locate Thousands of Assets
Being able to locate misplaced assets in real time is critical to operations and productivity. Readers are provided to necessary personnel to be used on the manufacturing floor and surrounding areas. Without the need for IT support or advanced knowledge in information technology, workers can take the readers straight from the box and instantly locate and track misplaced assets. In addition, software capabilities can even enable workers to use a smartphone, laptop, or tablet to track assets using the cloud.
RFID Technology Enables the Extension of Boundaries
Smart manufacturing must be able to utilize stealth abilities and based on the Internet of Things (IoT), boundaries can be extended using RFID technology to fine-tune asset location, supply chain tracking, plant operations, work order processing, and maintenance management well beyond the physical walls of the warehouse or factory environment. CONTROLTEK’s RFID tags are designed and constructed to meet the challenges of the outdoor environment. This allows personnel to use readers and handheld smart devices to follow asset movement, in real time, while sending and receiving critical data to and from multiple points.
Call CONTROLTEK to Learn How RFID Technology can Improve Manufacturing Practices
Whether you intend to implement RFID technology with cloud manufacturing or custom software, you need to ensure you have the tight tags and readers that will meet every single need, and that will accommodate your workforce size and coverage areas. Our specialists are standing by to take your call and will be able to piece together a custom RFID solution that will place you light years ahead of competing operations.
Internal theft, mishaps with armored courier services, and human error lead to significant bank losses every year. In 2019 banks lost an estimate of $482 million, excluding robberies and bad loans. According to Statista, each bank loss offense averaged around $4,213.
While banks provide a variety of services to their clients, one of their highest priorities is cash security. Banking institutions are trusted institutions that rely on secure cash deposits and transportation for the protection of their cash and reputations. To ensure the security of cash, many banks and credit unions utilize tamper-evident deposit bags.
With the use of seals and markings, tamper evident technology protects the contents of cash bags and ensures that they arrive at their intended destination in proper condition. Many tamper-evident deposit bags include features that indicate when a bag has been opened, enabling a bank to initiate an investigation immediately. Tamper-evident bags are considered essential banking supplies by many banks and credit unions to minimize cash losses.
What makes a tamper-evident bag so crucial to your banking operations? Throughout this article, we will examine the differences between tamper evident bags and traditional cash bags. We will also examine why banks should invest in tamper evident bags, and how typical tamper evident bags are secured.
For over the past five years, retail crime has been rising in America. In a January 2022 article, ‘The New York Post’ stated that organized criminal rings play a massive role in retail losses from stores located all over the country. Unfortunately, these organized criminal rings that target retail stores don’t just prevent companies from hitting their revenue targets, the money made by the criminals usually fuels larger atrocities like drug and human trafficking. That said, when retail stores improve their security measures, they are both protecting their own bottom line and the welfare of our society.
Retailers across America are yearning for some normalcy to return to the experienced shoppers once had before COVID was ravaging our population prior to the vaccine. More people are returning to “brick and mortar” shops, and retailers are facing some constraints and challenges with what is, according to ‘Retail Insider’, a year that will prove to have a massive increase in foot traffic that retailers are not prepared to handle.
Just look at bank statistics over the last ten years: losses in currency have spiked due to internal theft and human error. While it has become increasingly difficult for tellers to steal money from customer accounts due to unique login ID numbers and sophisticated computer teaching systems, those who handle cash bags during the shipping and receiving of currency have a significant advantage in getting away with stealing cash. That is unless banks invest in high-quality tamper evident bank bags from sophisticated companies like CONTROLTEK. It’s the purpose-driven design features in tamper evident bank bags that deter theft attempts, and that signify to management when tampering has been attempted that play a significant role in loss prevention. This article is intended to help branch managers learn what critical features to look for in tamper evident bank bags that provide for effective loss prevention, while simultaneously increasing efficiency in internal operations. Read more
In addition to the traditional zipper money bag that banks and armored couriers have used for decades, new advances in product innovation have made a wide range of tamper evident bank bags available with unprecedented features compared to the traditional canvas bank bag. For businesses handling cash, tamper evident bags have become a cost-effective and efficient option.
The idea of a third World War seems like something in the far distant future, to be explored in books and movies rather than in real life. However, with the growing prevalence of cyberattacks, many of which come from government bodies, the potential of cyber warfare might push us much closer to the brink of war than we realize. Read more
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