Tracking Critical Assets
Minutes after an armed bank robbery in suburban Chicago last month, the three suspects were caught at one of their homes. How did the police track them down so quickly?
More Focused SpendingBeyond cash in a bank, use of asset tracking solutions has potential to grow this year, says an ABI Research report on the subject. The “Annual RFID End User Survey Top Line Results” report says that nearly half (49 percent) of respondents currently using, deploying, evaluating, or piloting RFID expect their budgets to increase this year.
As in past years, the majority of respondents rated “business process improvement” as the number one driver for their adoption of RFID. The second-most important driver was the need to reduce non-labor costs.
Beyond GPS, other asset management solutions can be as rudimentary as a basic Excel spreadsheet or as expensive as a sophisticated enterprise-wide software solution that in some cases can cost hundreds of thousands or even millions of dollars on the high end. The best solution should be one that offers:
2. Scalability – Flexible enough to meet the current business needs but powerful enough to easily grow over time.
3. Accountability – Accounting for the location and availability of each piece of equipment is another important step in the management of your equipment.
4. Biggest bang for your buck – If you can get all the above at a price that is manageable, then the ROI should be very favorable. According to inventory management firm Xceliware, this makes the decision to invest in an enterprise level solution much easier to make.
Layered Security System Tracks AssetsWhen the work day is over, most employees want to pack up their things and go home. Instead, employees working at distribution centers for Best Buy Canada faced a 20 minute wait in line for loss prevention screening before they could leave each day. They gave up keys and personal cell phones, walked through a metal detector and were then subjected to physical pat-downs.
Metal detectors do not detect non-ferrous objects (i.e., CDs, DVDs, plastics and some small electronics) and random pat-downs can be ineffective. Some employees were missing scheduled transportation or other appointments because of the lengthy shift change. Employee morale suffered and the current screening/security processes were proving to be unsuccessful.