NFC Tags For Asset Tracking: A Comprehensive Guide

Asset Management, Contactless FM, Digital Transformation, IOT, Touchless Facility Management / December 27, 2023 / Ankita Datta

Who would have imagined we would soon employ radio waves for asset management? Manual entry and barcode scanning are now remnants of the past as the new showstopper in town is NFC tags for asset tracking.

NFC tracking system is a trailblazer in asset management, blessing facility managers across the globe with a seamless way for asset tracking. In this blog, we’ll give you a quick rundown on whats, hows and whys of NFC tags for asset tracking. Fasten your seatbelts!

Essentials of NFC Tracking System

Did you know that we already use NFC in everyday life? Unsurprisingly, it’s a standard feature of the cellphone in your hand.

Or what about the live-saving cashless transactions? Yes, you guessed it right! They all run on NFC (Near Field Communication) technology. But how do NFC tags help in asset management? Let’s explore the capabilities of NFC tags. Here we go-

asset management with asset tagging

NFC tags boast a diverse array of memory spaces. These tags can store information like the asset’s unique identifier, maintenance history, and other relevant data. Moreover, NFC tags for asset tracking often flaunt a read/write feature. This allows you to update the data on the NFC asset tracking stickers. The ability to modify equips you with the power to imbibe changes into the asset’s profile over time.

Next up is the durability of the NFC tags for asset tracking. Before purchasing, ensure that the NFC asset tracking stickers are durable enough for the brutal outdoors. Another key consideration is the form factor which reflects the ease of affixing the NFC tags to the asset surfaces.

All the security breaches are out of the window when NFC tags and NFC tracking apps come with default security settings like encryption and authentication.

Learn more: Asset Tag Best Practices 2023

As promised, let’s now dive into the hows of NFC tags for asset tracking.

How Can You Use NFC Asset Tracking Systems?

NFC Tags for Asset Tracking

First and foremost, you have to clearly define the objectives of installing the NFC asset tracking system. Create a curated list of the assets you want to track using NFC tags. Now here comes the focus areas of the outdoor locations, frequency of updates and any other audit requirements.

Once you have laid the groundwork, the next job is to choose the best NFC tags and NFC tracking apps out there. The NFC tags should be suitable for the type of assets you are tracking and the conditions in which they operate.

The next steps are pretty obvious. Your team will have to affix the tags to the assets. Consider developing a guidebook for tagging assets to facilitate easy and consistent scanning. You can read the tags from any device with the NFC asset tracking app- a smartphone, tablet or dedicated gadget for the same.

But the million-dollar question is- why should you invest your time and money into NFC tags for asset tracking?

Benefits of Using NFC Tags for Asset Management

In this section, we have enumerated a few benefits of NFC tracking. Let’s catch a glimpse.

NFC Tags for Real-Time Asset Tracking

NFC asset tracking apps

NFC tags help track assets in real-time. In other words, you can get an instant snapshot of the status and location of your building assets at any point in time. In addition, NFC tags for asset tracking capture reliable data. This is because the old-school ways of manual entry are prone to errors. Let’s move on to the next benefit.

Convenient Asset Tracking with NFC Tags

Using NFC tracking apps is not rocket science at all. The NFC tags for asset management are incredibly user-friendly. All you have to do is bring the NFC tracking app-enabled device near the NFC tags. You can heave a sigh of relief as extensive training in NFC technology is not required at all.

Cost Effectiveness of NFC Tags for Asset Tracking

NFC asset tracking

By far the most significant benefit is the cost-efficiency. Unlike some other asset management technologies, NFC tags won’t cost you a fortune. This is because NFC tracking systems for assets leverage the existing infrastructure or devices like smartphones. You don’t have to pay for additional equipment.

Flexible Asset Tracking System

Finally is the feature of customizability. Your NFC tags for asset tracking can store IDs, maintenance history, performance records etc. How about you select the features you need? Such flexibility allows you to match the NFC asset tracking system with your building needs.

Learn more: How to Use Asset Tracking Field feature in Factech Automation?

Final Words

Wrapping it up, NFC tags for asset tracking is a game-changer for asset management. The benefits of real-time monitoring, convenience, cost-efficiency and flexibility make NFC asset tracking systems a top-notch option for facility managers. You can optimize inventory, track equipment and manage IT assets. If you have any further queries, drop a comment below.

Until next time!