Case Detail

Fixed Asset Inventory for a Manufacturing Enterprise

The efficiency of the reconciliation of assets was enhanced through the implementation of a single slotting and batch inventory of equipment, office assets, production tools, etc., through RFID Tag, handheld stock terminals and Fixed Asset Management System.

Access Program
Manufacturing staff using an RFID handheld terminal to take stock of fixed assets
Type of industryManufacturing
Managed AssetsProduction equipment, office equipment, instrumentation, tools
Core approachRFID Tag + Handheld CD-O + Management System
Application SystemRFID Fixed Asset Management System

Client Background

The client is a manufacturing enterprise, and the site is divided into production workshops, warehouses, offices, laboratories, etc., with a large variety and number of Fixed Assets, and with frequent changes in the use of assets and the location of their storage.

In the past, management was mainly based on asset numbers, paper tables or 2D codes. Each inventory count required staff to search and check it on a desk-by-office basis, to count for long periods of time and to be prone to slips, miscalculation, unclear location and unclear responsibility.

Project Challenges

Large number of assets and wide distribution

Assets are spread over different workshops, departments and floors, and manual search takes longer and some equipment may not be found in a timely manner because of temporary loan or redeployment.

Book information is not synchronized with the situation on the ground

The change in location, user and department of the assets resulted in the system ' s information not being updated in a timely manner, resulting in discrepancies between the book entries and the actual situation on the ground.

The traditional sweeps are limited in efficiency.

The 2D code requires close-range alignment and a case-by-case scan, which further affects the efficiency of the inventory when asset labels are blocked, contaminated or installed in an inconvenient position.

Lack of record of asset flow

The link between the loan, redeployment, maintenance and end-of-life of assets relies on manual registration, and is prone to record omissions and lack of accountability.

Solutions

Youlian Intelligent creates a RFID Fixed Asset Management system for its clients, which assigns a unique RFID electronic label to each asset and binds the label number to information on the name of the asset, the asset number, the specification type, the department to which it belongs, the location of the storage and the user.

The inventory personnel enter the different areas through RFID Handheld Reader for bulk reading, and the system automatically compares the corresponding disk assets with the actual inventory assets and produces a normal, positive, negative, abnormally different inventory results.

For Asset Transfer, loan, maintenance and end-of-life operations, the system synchronizes the operations, operating time and asset status, making the assets searchable and traceable from the build-up to the exit from use.

RFID Tag

RFID Tag

Handheld terminal collection

Handheld terminal collection

System Automatic Matching

System Automatic Matching

A list result output

A list result output

Workflow

Asset information import

RFID Tag binding

Label Install

Asset acquisition and allocation

Daily redeployment and loan

RFID Batch Count

Review of variances

Generate an inventory report

Key Functions

Consolidated asset builder

Centrally managed asset number, name, type, model, location, department, responsible person and state of use.

RFID Tag binding

Establish a unique electronic identity for each asset, and achieve physical matching of the asset to the system file.

Area Bulk Inventory

The area assets are read in bulk through RFID Handheld Reader and do not need to be indexed.

Inventory variance analysis

Auto-generated balance, loss, misappropriation, unasset and unusual assets.

Asset Transfer Management

Recording of movements of assets between departments, regions and persons.

Leverage return management

Recording of the loanee, loan time, expected return time and actual return status.

Maintenance and end-of-life management

Manage Asset Maintenance records, maintenance status, end-of-life approval and decommissioning.

Statement of assets data

The number and use of assets by sector, category, region, status, etc.

Deployment

A. Software systems

  • RFID Fixed Asset Management System
  • Asset archives management
  • Asset Inventory Management
  • Transfer and loan management
  • Maintenance of end-of-life management
  • Statistical analysis of data
RFID Fixed Asset Management System Interface

B. Hardware equipment

  • RFID Handheld ReaderRFID Handheld Reader
  • RFID Asset TagRFID Asset Tag
  • RFID Label PrinterRFID Label Printer
  • Desktop RFID Reader, configured according to project needsDesktop RFID Reader, configured according to project needs

Results

Batch recognition of Fixed Assets, less case-by-case search and sweep operation
Asset location, department, duty-bearer and service status updated in a timely manner
Automatic summary of inventory discrepancies to facilitate rapid review
Retention of the loan, transfer, maintenance and scrap

Are there problems with your business that have difficult to account for and that do not match the accounts?

The number of assets submitted, the type of asset and the area of application, can be used to provide advice on the management of RFID Fixed Assets, depending on the situation on the ground.