RFID Asset Tracking

Standard Chartered Bank relies heavily on technology for operation management, compliance and added security. RFID Tracking is one such initiative, which would enhance and control their Asset management, provide additional security and provide better track and trace of critical assets and personnel. Currently, Standard Chartered Bank uses RFID to track assets like Laptops, Desktops and Servers.

Building an RFID based eco-system also requires that the data acquired by RFID system be productively used by existing system. Full implementation would require integrating RFID data with existing backend processing systems.

So did the ICEGEN's RFID expert team do; After a detailed study on the project they quickly found the bottlenecks in the current system. RFID solution for Asset tracking (moveable and Immovable) was opted to be the best choice to overcome the bottlenecks at the Bank. RFID Asset tracking and RFID employee tracking Real time solution was offered and implemented at the Standard Chartered Bank INDIA. Use of RFID Technology and Solution offered was highly applauded by the client as it worked out to be the apt solution with quick Return on Investment to the Bank.

Current Process and Bottle-necks:
  • Laptops and IT assets that come into the premises require to be manually entered into the register available at each entry point.
  • Inability to track Assets within stipulated amount of time can have unfavorable impact on the business.
  • Unproductive utilization of labor: Avoiding manual searching through cabins, rooms and floors save good amount of valuable employee time.
  • At times, the lost/misplaced assets took days to locate or they needed to be replaced even though they are present in the facility but unable to locate.
ROI by Implementing RFID solution
  • Whenever the assets are taken IN or OUT of the zone, the RFID Portal gateway at the zone automatically captures the RFID Asset tag data as well as the staff who is carrying the Asset.
  • The RFID System checks for authorized movement of the Asset and the personnel and alerts the administrator on discrepancy.
  • The movement of the Assets are automatically captured in the backend database without any manual supervision.
  • At any point of time an administrator can get the status of a particular Asset and in which zone it is located.
  • End of day reports can also be generated through the MIS Web Application.
  • Automated Asset Inventory can be done at the click of a button.
The above RFID Laptop and Asset Tracking solution for the Bank in INDIA is now used as a case study for many of our clients and prospective leads worldover.
INDIA's Largest Direct marketing company in Pune, selects ICEGEN RFID solution centre, a division of Icegen, to provide RFID Asset tracking for multiple locations. According to the customer the solution will not only do basic asset management but also extend the information to other data stores.

ICEGEN's RFID Asset Tracking solution allowed the client to instantly determine the general location of tagged assets anywhere within the facility or multiple locations. Installation of "control point" detection zones at strategic locations throughout, allowed the user to define logical zones and monitor high traffic areas. Tagged assets moving through these control points provide instant location data.

With this RFID solution, the client manages facilities, fleets, equipment, and other resources that have significant value to the organization yet are geographically dispersed. Keeping up-to-date on the location, health and performance of any fixed, physical and capital asset impacts your performance. With the right information, you can decrease the risk and liability to your productivity when an asset is unavailable due to maintenance and repair, missing in action or already in use on location.

ICEGEN's RFID Asset Tracking solutions were designed to address the specific needs of the client's consumer goods distributors. It helped to optimize performance throughout a distributor's operations - reducing costs, improving compliance with customer requirements, enhancing profitability, and delivering a quick return on investment. Comprehensive, yet flexible, ICEGEN's RFID Asset Tracking solution enabled distributors to keep ahead of changing customer, market, and industry requirements so that they can stay in control of their business and its ongoing success.

ICEGEN's RFID Asset Tracking solution provides end-to-end visibility for managing the asset value and maintenance, no matter where it is located within the enterprise - in the field, in storage, across the campus or around the world. The result is improved budgeting/planning, reduced equipment downtime and increased inventory turns.