RFID based Asset Management System to eliminate theft and counterfeiting of assets:
The management of assets through RFID has helped organization in capturing real time information about the assets and in turn has reduced auditing and tracking period significantly. It has also reduced cash outflow as the overall maintenance cost and expenditure on capital purchases has been decreased. Further, RFID has allowed hands free data capturing that has enabled efficient recording of asset transactions as well as has enhanced efficiencies in the supply chain. This has also eliminated theft and counterfeiting of assets and has streamlined the business, improved the ability to plan and meet demands.
Read the case study of Bharat Electronics Limited (BEL) published by the CVC on