The future of asset tracking is here. RTLS systems can provide real-time location information, allowing you to know where your assets are at any time. This allows you to see if they are in the right place and what their location is if they are not. Most companies and organizations are already using the technology to track vehicles, machinery, and even people.
RTLS systems work by using a combination of GPS, RFID, and Wi-Fi signals to track objects in real time. Today, these systems are becoming more efficient and cost-effective than ever before.
Here’s what you need to know about this exciting technology.
Why Real-Time Location Systems Matter
Help manufacturers maintain inventory accuracy
Real-time location systems (RTLS), just like yard management systems, can help manufacturers maintain inventory accuracy and reduce the number of errors in their supply chain. For example, when a customer orders a product from one supplier, it may be shipped to another location for processing. If the order is not processed correctly and the products are not received on time, it can affect the customer’s satisfaction with your company.
Faster inventory management
The system provides information on where products are located and allow managers to plan orders accordingly so that they don’t have excess stock sitting around or running out of stock unexpectedly. The system also lets managers know when they need to reorder products or replenish them from inventory. This helps reduce waste and increase profitability by avoiding overstocking products that aren’t selling well or having too much inventory on hand when demand for an item increases unexpectedly.
Help keep track of all shipments
An RTLS system will allow you to keep track of all shipments throughout their lifecycle and ensure that every product is accounted for at all times. This can help you avoid costly mistakes and ensure your customers receive only what they ordered.
Increases security
By monitoring all of your assets at all times, even when they’re not being tracked, RTLS can help reduce losses due to theft and vandalism. By tracking every asset that moves through your facility, you’ll be able to detect any changes in movement patterns before they become a problem for your business operations. This includes detecting if someone has bypassed security checkpoints or entered areas without authorization, which could potentially lead to property loss or even harm employees nearby during an incident.
Helps speed up service delivery
Utilizing Real-time location services allows organizations to deliver services faster than ever before. For example, a fleet manager can use an RTLS solution to ensure that every vehicle in their company’s fleet is ready for service when needed, regardless of its location. This helps him avoid delays by minimizing travel times and avoiding unnecessary maintenance costs.
Increases visibility
When implemented effectively, real-time location systems provide organizations with unprecedented levels of visibility into their assets and operations. They can also help address issues such as safety concerns and employee absenteeism through better monitoring of employee locations in real time.
Improves operational efficiency
Real-time location systems provide real-time information about the movement of assets so that they can be tracked easily. This will help improve operational efficiency, reduce costs by reducing time wastage, and increase productivity.
Improve customer service
Businesses can improve customer satisfaction and loyalty by ensuring customers receive their timely purchases. This helps build trust between customers and businesses since customers know that their orders will arrive promptly at their doorstep. Also, businesses will not have to worry about running out of stock because they have a clear picture of what’s available in-store or warehouse at any given time.
Reduce costs
Using these systems can help reduce costs for your business. For example, tracking your vehicles in real time will allow you to reduce fuel consumption and save money on maintenance work for each vehicle. This means that over time, it will be possible for businesses such as yours to save a lot of money by using these technologies and services.
Integration with Other Systems
RTLS can integrate with existing enterprise systems such as inventory management, asset management, and workflow automation systems. This integration enables organizations to leverage the data collected by RTLS to improve overall operational efficiency, optimize supply chain management, and make informed decisions based on real-time insights.
Compliance and Regulatory Requirements
In industries with stringent compliance and regulatory requirements, such as healthcare or pharmaceuticals, RTLS helps organizations meet these obligations. For example, RTLS can track the location and temperature of perishable medical supplies, ensuring compliance with storage and handling guidelines. This level of visibility and traceability can also assist in audits and investigations.
Key Takeaway
Real-time location systems (RTLS) are a relatively new technology that can help you track your assets. Using RTLS, you can monitor the location of your assets in real-time and receive alerts when they move out of the allowed range. The benefits of using RTLS over other tracking solutions are that it’s cheaper, more precise, and works anywhere there’s a network connection. You don’t need an infrastructure or additional hardware. Plus, when used in conjunction with mobile devices and apps, it can help you reduce costs by eliminating unnecessary equipment and labor costs.