RFID in the oil and gas industry Enable cost-effective real-time tracking of every asset In the Oil and Gas industry,
Product tracking and authentication is a process supported by SmartX HUB solutions for auto-ID and item serialization, enabled with the introduction of the SmartX HUB object event repository. This provides functionality to support business processes to track serialized information through the supply chain. It also provides services to authenticate that the serialized product originated from a trusted source and arrived at the intended destination.
The first concept is to support unique identification of objects so that they can be managed throughout their life cycle.
Unique serial numbers are typically associated with assets such as equipment and inventory. This information is used to drive visibility, automation, accuracy, product life-cycle management, and compliance across business processes within the enterprise, as well as outside the four walls of the enterprise.
Consider the following inventory steps:
SmartX HUB helps you identify and manage your assets by creating Digital DNA – or unique identifiers – like electronic product codes (EPCs). EPCs help you identify individual and unique products throughout your inventory process. When used with SmartX HUB’s easy-to-use EPC printing options, Digital DNA can be created at any point in the inventory process, whether it’s at the manufacturer, at the distribution center or in the store.
By identifying each inventory item with a unique identifier, you reduce the risk of assets going unreported, thus lowering the odds of them disappearing from your inventory without your knowledge.
By utilizing SmartX HUB and fixed RFID readers, inventory is constantly tracked from the factory floor to the retail floor. This reduces manual mistakes caused by human error. Plus with condition-based alerts, you can get real-time notifications any time your assets leave the premise outside of scheduled departure.
Finding assets is always easier if you have up-to-date information as to where they’re located. Real-time visibility helps you track every piece of inventory so you know where every asset is at all time.
With Digital DNA, SmartX HUB gives you more accurate inventory counts that can be automatically updated to your POS or accounting systems. That means better understanding of what you have in stock so you reduce inventory losses while creating more accurate inventory ordering models that prevent you from being over or under stocked.
If your inventory count isn’t accurate, how would you ever know if you were missing anything? The simple answer – you wouldn’t. Inventory counts based on old data can result in inaccurate counts, making it easy for inventory to be overlooked or stolen. Plus, the odds of selling a product you don’t actually have in stock rises resulting in refunds, delayed shipments and dissatisfied customers.
By utilizing Digital DNA like EPCs or other item-level smart tags, you can increase your inventory accuracy between 63-95%. And inventory accuracy with real-time visibility is the key to securing your inventory processes so you gain peace of mind while improving the efficiency of your operations.
Inventory data means nothing without the right tools to understand and manage it. SmartX HUB brings clarity and understanding to your inventory management through Digital DNA. With customized reporting, facility mapping and real-time notifications.