Development of RFID bases Asset Tracking and Inventory Management System

The requirement for this system is as below: 1. Asset Inventory & Reconciliation: automation of physical audit (Asset Inventory) and Reconciliation. a. Mobile-based asset tagging and inventory b. Sync up physical information with the asset register c. Update existence, condition, user and location during audits d. Automates audit of assets at vendor/customer locations e. Generate reports of missing, additional, damaged, transferred and not-in-use assets f. Audit trail of each inventory project 2. Transfer Movement Management: facilitates the movement process of assets between locations, cost centers or vendor locations through comprehensive and customizable documentation and approval process. a. Mobile or Web-based transfer initiation b. Approvals through email link, mobile or web application c. Alerts and escalations if approval is overdue d. Customizable Asset transfer documentation and approval workflows e. Audit trail and unrecorded transfer report f. Overdue alerts for assets in transit, on loan and with vendors 3. End of Life Management: facilitates asset retirement through sale, donation, scrap or other means. Should provides appropriate control over asset movement, documentation and approval process throughout the asset retirement workflow a. Mobile or Web-based asset retirement initiation b. Approvals through email link, mobile or web application c. Alerts and escalations if approval is overdue d. Customizable Asset retirement documentation and approval workflow e. Retirement value dependent approval workflow configuration f. Retire through EOL, Sale or Scrap g. Audit trail reports 4. Asset User Management: User Management module helps track the user/custodian of every asset through the asset lifecycle and also assist in user change management workflow. Facilitates assignment and un-allocation of assets to the employees/non employees as users or custodians and supports document trail and approval workflow. a. Allocation and Un-allocation of assets to employees and others b. Complete audit trail of confirmation/approvals c. Overdue alerts in case of temporary allocation d. Self-certification portal for employees to confirm available assets e. Track aging of unused assets 5. Other Features: Following are some of the other features a. Management of Non-Capitalized Assets b. Label customization and Label inventory maintenance c. Asset grouping and split d. Configurable alerts/notifications e. Multiple standardized and self-serve reporting options