RFID-enabled Asset Management System for Manufacturers

To facilitate the management of physical assets by applying RFID for automatic tracking, in order to provide utilization analysis, resource planning and maintenance management

For manufacturers, numerous movable physical assets such as equipment and machines are operated anywhere and anytime, and they are costly and advanced. So, well-planned utilization, maintenance and repair can assist to keep smooth running in the plant. However, information of physical assets is not managed efficiently and systematically. Such inaccurate and inadequate asset information can cause delay of production operation, inefficient use of valuable assets, surplus assets inventory, deficiency of asset maintenance, and prompt grow of the rate of depreciation and so on. Due to the above concerns, an RFID enabled equipment maintenance system is thus developed.

Real time equipment status tracking

Equipment utilization analysis

Special Features and Advantages

By using RFID, valuable assets (e.g. equipment and machines) can be traced and tracked automatically without human involvement. Real time information about valuable assets including asset location, utilization and maintenance history can be retrieved and to support resource planning and decision making

Applications

An RFID-based physical asset management application is developed for different industries, which provides real time, effective and userfriendly platform for asset management. It is not only suitable for equipment management, but also for warehouse management, and personnel tracking etc

Principal Investigator

Dr Carman K. M. LEE

Department of Industrial and Systems Engineering

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