Asset Management

About Asset Management

Go Plus offers a complete end to end solution of the proposed problems by using RFID technologies for asset management. Go Plus solution is flexible to cover all businesses cases and it is compatible with all asset types in any kind of operation.

Workflow:

1. An RFID tag is mounted on the asset.
2. An RFID reader sends power and information to the passive tag.
3. The tag responds with its unique ID.
4. This unique ID can be used to identify the item and get more information about it from a prebuilt data base.

Benefits:

1. Improving Acquisition and Use: By keeping tabs on a company’s assets throughout their life cycle, a firm owner can improve their technique of acquiring and using the assets.
2. Improving Compliance: When required to provide comprehensive reports on how the enterprise acquire, utilize, and dispose of assets. To ease the reporting process, no need to record asset information in a central database. In such a way, to compile the reports at the end of the financial year, you can easily access all the information they need.
3. Tracking: a complete list including where assets are located, how they are used, and when changes were last made (and what those changes were).
4. Maintenance: Assets require different maintenance activity at different stages of the lifecycle, so this project can easily give information about each asset’s current status.
5. Accuracy: With strong asset management, it becomes easier to tell when items are lost or stolen and deal with the underlying causes—such as overly broad access to storage areas—and reduce vulnerabilities. Recovery efforts can also be initiated promptly.
6. Cost savings: If RFID Asset Management wasn't in place, stakeholders would purchase more equipment with little knowledge in knowing what the business already owns and is available.
7. Forecast Spending & Budgets: Having a complete history of an asset, from acquisition to end-of-life, provides the basis for an accurate assessment of obtaining future assets. It can also help with the structuring of future business spending and budgets.