RedPrairie & BT’s RFID mobile asset management
August 1st 2005

RedPrairie and BT are partnering to offer RFID enabled mobile asset management as a fully managed service.

Keeping track of high value mobile assets such as totes, roll-cages and trailers can waste valuable time and resources in searching for assets whose location or status is unknown. As a result many firms carry substantial buffer stocks to address typical annual losses of 10 to 40%, according to RedPrairie. Also, organisations are under pressure to meet tough corporate and regulatory governance standards which require effective asset and equipment management.

By attaching RFID tags to the assets and placing readers that are connected to the internet in fixed locations in the physical environment, businesses now just need to access a web screen to find out where valuable resources are located and to build location, status and maintenance audit trails. Alerts can be set up to highlight critical events such as assets not being returned to base or serviced at the right time – all at the touch of a button.

According to RedPrairie, the savings can be huge. It says one American client has reduced the average time to find equipment from an hour to 8 minutes – saving $200K annually on wages alone.

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