Ensure ROI for your RFID System

When it comes to keeping goods secure or being able to restock merchandise as soon as it’s needed and improve the accuracy of inventory, there are few better means of doing so than an RFID system. RFID technology performs several duties for a business: it not only makes available stock clearly visible for easier selection, but it also ensures that merchandise is always available to the consumer.

In situations where a business plans to earn more revenue and possess a greater piece of the market by investing in a different channel, RFID can be identified in many cases as a necessary ingredient for success.

Implementing RFID

Many businesses have been using RFID systems in several ways over a number of years, including for the purpose of ensuring stock safety via RFID security labels. This type of technology has tied in well with the desires of the modern shopper. Today’s shopper wants their items as fast as possible, whether they order them online or are visiting a store to get them. With RFID systems in place, owners need not worry that wanted merchandise won’t be available.

However, the road to the implementation of the RFID system can be hindered by the doubt that RFID will provide ROI. One way to help ensure that RFID implementation will be well-received is to obtain accurate data with regard to numbers, experience and resources, to name but a few.

Numbers

The first and most important step in the obtaining of accurate data to prove ROI for your RFID system are numbers. Every kind of internal data, coming from processes like replenishment, ordering and fulfilment should be included in ROI calculations. All of these numbers will eliminate the need to rely on assumptions, which may very well be inaccurate for your business.

Auditing

An audit of your location or collection of locations will be necessary in order for an accurate ROI estimate to be produced. This can be accomplished by looking at the way in which a location processes its goods as well as operates. This will be less complicated to determine in a single location. When looking at more than one location, it must be considered that each will have its own way of handling operations, as well as having a different layout or format than other locations.

Speak to those Involved in daily Merchandise Handling

Those who work in your store will be the ones who will understand each step of the merchandise handling process, as well as all of the potential challenges which accompany them. After all, they are the ones who are in constant and direct contact with customers.

Resources and Real Costs

An RFID system will only be as good as your understanding of what needs to be improved in your location. This includes everything from the processes you and your employees currently use for inventory management to how many hours are devoted over any given time period to ensure the availability of stock. All of these will impact the bottom line of your business.

The real cost of being out of stock will be another determining factor when trying to accurately forecast just how much ROI your business will realise as the result of implementing and RFID tagging system.

The right RFID system will be the one which allows you to achieve your desired level of merchandise availability and accuracy of the stock you have. You may find that it’s more feasible to install RFID ‘eyes’ above rather than supply each employee with an RFID reader, for example.

The bottom line is that RFID is a business investment. For it to be a valuable one, it must help you in some way to increase both savings and sales.

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The Value of Asset Tagging

The valuable assets of today’s companies lie largely in its electronics, including computers and mobile phones. It is on these convenient tools that much of a company’s most sensitive information is stored. But with so many components to monitor, it can be easy for a company to lose track, as well as lose its vital electronics to thieves.

In today’s business climate, being able to track all electronics in use by a company is absolutely critical, as this can ensure that company information is kept safe for the long haul.

Of course, by business, we also mean the business of individuals like medical professionals. Much has changed in examining rooms; where a GP may once have used a pad and paper to record symptoms, weight and similar information, a computer or tablet now sits in their place. Some doctors now have their computers or other devices securely affixed to their desks with bolts and locks. But in addition to this, many devices now have asset tags attached to them. But the medical industry is only one of many realms to use the asset tag.

The Manufacturing Industry

Regardless of the products it produces, a company in the manufacturing industry will have a wide range of equipment that needs to be tracked. Equipment needs maintenance, and the asset tag’s bar code can help provide information about when the unit was last serviced, as well as any defects or problems with operation that were previously discovered. This can save businesses scads of time and money.

Education

The entire education industry benefits from the use of asset tags. They can be used to track any video or audio equipment that classrooms use, which can result not only in the prevention of the theft, but the timelier return of stolen items should theft occur. Asset tags can also be used to track books, making check ins and check outs at the school library effortless to keep tabs on.

The Telecom Industry

Telecom and cable businesses may have even more to track, what with all of the equipment that’s installed in the homes of customers. Asset tags help these companies to track how their units are being used, as well as when they need to be maintained. Asset tags are also very useful for identifying problem areas and pinpointing the source of outages quickly so that they can be repaired in a timely manner.

Health Equipment and Supplies

Within the healthcare realm is equipment of every type and size. From blood pressure monitors to MRI machines, health equipment is expensive, and therefore, a prime target for thieves. Asset tags allow healthcare workers to track their equipment’s location and use, as well as their stocks of supplies for the purpose of reordering.

Government

Government is in charge of everything from their own office computers to the traffic lights at the nearest corner. Asset tags assist government by informing them about not only the operation of things like lights and parking metres, but in the case of the latter, a history of how much money was deposited into and withdrawn from the metre.

Asset tags can be very simple to very complex in appearance. The simplest form of asset tag is the one that indicates that the item is the property of a particular person or business.

At their most complex, asset tags include bar codes and numbers as part of a sequential numbering system. With some manner of scanner to itemise all labelled assets, tracking can be incredibly simple. The end result of asset tagging is machinery, equipment and services remain as secure as possible for the owner, and as safe as possible for the user to have in their possession.

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The Magnetic Label

When labels need to be relocated at will, having to remove permanent labels from inventory or sticking new labels on top of old are simply not practical solutions. The magnetic label offers an all-round solution where labels need to be frequently moved and removed.

Why Choose Magnetic Labels?

Magnetic security labels come with a host of advantages. They fit perfectly with warehouse environments where products are constantly being shipped and moved. This environment demands productivity and efficiency, something that magnetic labels can help to ensure. In these environments where products are overstocked or need to be relocated, magnetic labels can be quickly removed as needed.

Versatility

The magnetic labels some companies are opting for can also include colour coding or graphics to help them more easily identify the location of stock, as well as add to the existing functionality of the label. For this to be possible, however, the label must have a polyester face stock for printability.

Resistance

Magnetic labels are also more durable than other label types. Magnetic labels are resistant to all manner of household and general cleaners, as well as being resistant to water, acids and oil. This increases their durability and greatly extends the environments in which they can be used.

Added Protection

Magnetic labels are superior to many other types of security labels in that they can have a laminated added to them which protects from harsher chemicals and abrasion. This means that they can be used in extreme environments without sacrificing their usability.

They Move with your Stock

The adhesive labels of old leave behind a sticky mess when removed. Not only does this cost time and create additional waste, but it can also damage the finish on racking. Magnetic labels leave nothing behind when removed, and their ability to be quickly removed means they move as your stock does.

Determining Factors for Effective Label Selection

The right choice of magnetic label begins with the correct manufacturer. Any manufacturer you consider for your magnetic labels should be able to create them according to the needs of your warehouse operations as well as your inventory control. This means that the manufacturer’s specifications need to match those of the labels you need.

The most effective magnetic label will be one that is durable and whose information is easily read. This will entail choosing a font that can be easily read, something you may need to discuss with your printer. Another consideration will be whether or not you wish your magnetic labels to contain other elements such as a company logo.

Another consideration that needs to be made is regarding the label’s backing. Magnetic labels should have magnetic backers having a multiple-pole organisation pattern so the label can be evenly magnetised on every surface it is placed on.

Sizing, Coding and Graphics

There are many sizes of magnetic labels, including custom sizing. Most of these label types are available with common codes like QR and data matrix. Any graphics on a label will be black with a white background, and can have colours added for whatever identification process your warehouse employs.

Anywhere Metal Exists

The best part about magnetic labels is that they can be used on any objects made of metal. That allows anything from racking, shelves, bins and the like to be instantly and effectively labelled. Magnetic labels can go beyond the warehouse and also be used in chain stores, distribution centres and any other such location to replace paper labels.

When magnetic labels have been implemented, the result is much time saved in trying to remove, replace and relocate them. As well, they remove the occurrence of confusion and the inherent inefficiency that often accompany the use of traditional labels.

 

The Label Selection Process

Where it comes to the sale of products, the importance of choosing the right label cannot be understated. The label on a product is what essentially communicates with the customer, telling them what a product and a brand is about.

Of course, a label’s design is a vital component. However, in order for a label to be effective, it must be accurately matched to the product onto which it will be placed.

Considerations for Label Selection

Before deciding on which label is best for a product, it’s important to consider more than a few items. One is label use, and under this are several other queries which should be answered. For example, it is not enough to simply choose a label for the product surface it will be placed on; where and how the product will be stored, as well as in what kind of temperature it will be stored must also be considered.

The length of time the label needs to remain legible is another consideration. This involves thinking about the length of a product’s journey from the manufacturing plant to the consumer’s home or business, as well as any specific temperature or humidity conditions along the way. As well, the storage life of the product once it reaches the consumer should also be considered, as the consumer will also require the label to be legible for a long period of time.

The amount of information that will be on the label is another consideration, as this will determine its size and construction. Finally, any legal issues or regulation governing the product being labelled will also need to be thought of.

Transparency

Where a business wants to communicate its transparency both literally and figuratively, another label is often employed. Known as the ‘no look’ label, this type is usually made of clear polyethylene or polypropylene. This provides the produce with a no-label look. Not only can this bring an elegant appearance to a product, but it also allows the consumer to inspect the product further. This can be of great benefit to food, bottles and many other kinds of product packaging.

Brand Communication

The most popular label is the self-adhesive variety. Also known as a traditional label, the self-adhesive label can be seen on virtually every consumer product from cosmetics to pharmaceuticals. Usually, this label is best for applications where the goal is for a product to be noticed by its label. As well, these types of labels are best for businesses who want to communicate their brand to consumers.

Longevity

If a product will be stored for a long period of time, a thermal label can be a good choice. Many labels of this type carry a coating which protects label text and images from environments with a lot of moisture, heat or light. This prevents the fading, smudging and other such threats which can render a label unreadable. Thermal transfer labels can be used on virtually any product including food, as it provides a protective barrier between the food product and the label itself.

Protection

Where a product requires some protection against threats such as theft and fraud, the security label is the best choice. Available in several materials and sizes, a security label may be able to be scanned, or may simply contain important information about a product. There are also security labels which combine protection with convenience. For example, a label may contain a security measure, but also allow confirmation of the receipt of a product by pulling a portion of the label off.

Because the label type will have an impact on everything to do with a product including its design, it is absolutely vital to ensure that the correct type of label is chosen from the start.

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