Once Phase 1 is complete, you can carry out inventories at regular intervals: annually, quarterly, monthly, at whatever frequency suits your obligations or needs. During each inventory (Phase 2), the operator walks through the premises with a portable RFID reader. The reader automatically captures all tags within its read range. The software instantly compares the read tags with the reference database and produces a report in three categories:
- Recognized and assigned tags: the assets are present and compliant.
- Unread / missing tags: assets present during the previous inventory were not detected. They may have been moved, lost, or stolen.
- Blank or unassigned tags: tags exist but have not yet been associated with an asset (newly arrived goods, not yet identified).
- Assets without tags: physical assets are present but do not have an RFID tag. They must be identified and added to the database.
Based on this report, the operator corrects the discrepancies: re-identifying missing assets, affixing new tags to untagged assets, and updating statuses (scrapped, transferred to another department, etc.). Once all discrepancies are resolved, the inventory is locked and can be sent to accounting, as an asset inventory is also an accounting document.
This is the core principle of the SCANASSET software:
- Phase 1: Identify the hardware and build the reference database.
- Phase 2 (and subsequent phases): carry out the comparative inventory at regular intervals.
These two phases are fundamentally different and complementary.
Once you understand these two phases, here is the concrete equipment needed to implement them. In asset inventory, the benchmark technology is UHF (Ultra High Frequency): it allows dozens of tags to be read in seconds, from several meters away, without any direct line of sight.
Know more about RFID UHF Technology