RFID Tracking for Reusable Transport Items (RTIs)

RFID Tracking for Reusable Transport Items (RTIs)

In today’s fast world, tracking reusable transport items (RTIs) with RFID is changing the game for businesses. But have you thought about how much money companies lose without good RTI tracking? The truth might surprise you. Studies reveal that RTIs often lose 3-20% each year. This means big costs for companies. In fact, companies often […]

In today’s fast world, tracking reusable transport items (RTIs) with RFID is changing the game for businesses. But have you thought about how much money companies lose without good RTI tracking? The truth might surprise you.

Studies reveal that RTIs often lose 3-20% each year. This means big costs for companies. In fact, companies often buy 10% to 15% more RTIs than they need. This is because they want to cover losses and keep enough stock. But this extra spending is mainly because they can’t track their items well.

The CPCON Group leads in using RFID for managing assets and tracking inventory. We’ve seen how RFID can change things for the better. With our advanced solutions, companies can cut down on losses, manage their RTIs better, and work more efficiently.

Table of Contents

Key Takeaways

  • RTI shrinkage rates can range from 3-20% annually, leading to significant costs for businesses
  • OEMs often order 10-15% more returnable assets than needed to account for loss and shrinkage
  • Poor inventory management and lack of supply chain visibility contribute to wasteful spending practices
  • RFID asset tracking solutions can drastically reduce shrinkage rates and optimize RTI fleets
  • The CPCON Group’s pioneering RFID solutions enable companies to achieve unprecedented operational efficiency

The Importance of Tracking Reusable Transport Items (RTIs)

RFID Tracking for Reusable Transport Items (RTIs)

In today’s fast world, tracking reusable transport items (RTIs) with RFID is key for supply chain success. RTIs like pallets and containers are crucial for moving goods smoothly from makers to stores and customers. But, managing them well is hard and can lead to big losses if not done right.

Challenges in Managing RTIs

Managing RTIs is tough because we can’t see where they are or what shape they’re in. With lots of items out there, it’s hard to keep track. This makes managing them a big challenge.

  • Inefficient use of assets
  • Hard to predict RTI demand
  • More risk of loss or damage
  • Delays in shipments due to RTI shortages

Using old methods like counting by hand and paper records is slow, makes mistakes, and doesn’t give up-to-date info. This makes it hard to know where things are and their condition.

Impact of RTI Loss on Profitability

Not managing RTIs well can really hurt a company’s profits. Losing items means spending a lot to replace them, which cuts into profits. Here are some numbers to think about:

StatisticImpact
Annual spending on replacement containersMore than $50,000 by a manufacturing facility before implementing RFID tracking
Cost of individual reusable containersAs little as a couple of dollars each for trays
Reduction in reconciliatory processes with RFID55% to 75%
Reduction of one-time packaging with RFID50% to 80%
Improvement in inventory visibility and cycle counts with RFID40% to 65%

RTI loss costs more than just replacing items. It also causes delays, hurts production, and can upset customers. One company found RFID helped track their items and cut costs and improve reverse logistics.

Investing in efficient RFID solutions for tracking returnable transport items can significantly reduce logistics costs and improve supply chain visibility.

By tackling RTI management and reducing asset loss, companies can save money, work better, and stay competitive.

Benefits of RFID Tracking for RTIs

RFID Tracking for Reusable Transport Items (RTIs)

Using RFID tracking for reusable transport items (RTIs) brings big benefits to businesses. At The CPCON Group, we know how RFID changes RTI management for the better. We’ve seen it work in our work on asset management and inventory control.

Real-Time Visibility and Asset Tracking

RFID tags on RTIs give businesses real-time updates on their items. With RFID readers at key spots or on the move, tracking is easy. This means companies can see where all their RTIs are at any time. It cuts down the chance of losing or stealing items.

Improved Inventory Management

RFID makes managing RTIs better by tracking them automatically. This means fewer mistakes in counting and quick spotting of any stock issues. With accurate data, companies can make smarter choices, keep just the right amount of stock, and buy less often.

According to a study by SLS RFID in 2016, 15% of all pallets in circulation disappear, and 20% of all packaging/equipment is lost due to consumers or third parties retaining them for their own use.

Reduced Loss and Theft

RFID tracking cuts down on losses from theft or not being returned. It gives the exact location of items and counts them fast. This helps businesses find and fix stock issues quickly. It also makes the supply chain more honest, saving companies a lot of money and reducing disagreements with partners.

BenefitImpact
Inventory Accuracy ImprovementUp to 99%
Out-of-Stock Situations EliminationUp to 80%
Shipping Errors AvoidanceUp to 90%

RFID technology brings big wins for managing RTIs. It gives real-time updates, helps with inventory, and cuts down on losses. This makes supply chains run smoother and boosts profits.

How RFID Technology Works in RTI Tracking

RFID (Radio Frequency Identification) technology has changed how businesses track reusable transport items (RTIs). It uses RFID tags and readers to automate tracking. This cuts down on manual scanning and lowers the chance of mistakes.

RFID tech has two main parts: RFID tags and readers. Each RTI gets an RFID tag with a microchip and an antenna. The microchip has a unique ID for the item. The antenna lets it talk to the RFID reader.

When an RTI is near an RFID reader, the reader sends out radio waves. These waves wake up the tag’s microchip. Then, the tag sends its ID back to the reader.

The RFID reader sends the data to a software system. This system processes and stores the info. It lets companies track RTIs in real-time as they move through the supply chain. By linking RFID data with inventory and ERP systems, companies get a full view of their RTIs. This helps them make smart decisions about where to put assets and how to manage transport.

RFID technology usage has been proven to provide quick return on investment (ROI) in asset pool operations. Automation through RFID tagging enables faster inventory checks, reducing the time taken from days to minutes.

Many companies follow GS1 RFID standards for their RTI tracking. These standards set rules for tag data, reader protocols, and sharing data. This makes it easier for businesses to add RFID tech to their systems and work with partners in the supply chain.

Companies like Impinj offer RFID chips and readers for RTI tracking. These products are tough, reliable, and have a long read range. They’re perfect for tracking assets in tough places like warehouses and distribution centers.

RFID ComponentFunction
RFID TagContains a microchip and antenna; stores a unique identifier for the RTI
RFID ReaderEmits radio waves to power the tag’s microchip; receives the unique identifier from the tag
Software SystemProcesses and stores the data captured by the RFID reader; enables real-time tracking and integration with existing systems

Using RFID tech, businesses can make tracking RTIs easier, cut losses, and boost supply chain efficiency. As more companies use RFID for tracking RTIs, the tech keeps getting better. It opens up new chances for innovation and better asset management.

Implementing an RFID Solution for RTI Management

RFID Tracking for Reusable Transport Items (RTIs)

Starting an RFID system for tracking reusable transport items (RTIs) needs careful planning. At The CPCON Group, we have 25 years of experience in managing assets and controlling inventories. We can help you set up an RFID solution for your RTI management.

Choosing the Right RFID Tags and Readers

Choosing the right RFID tags and readers is key for good performance and lasting use in your RTI’s environment. You should think about:

  • Material of the RTIs (plastic, metal, wood)
  • How far you need to read
  • Conditions like temperature, humidity, and chemicals

Vizinex RFID tags are great for tough environments. They’re a top pick for tracking RTIs with RFID.

Integrating RFID with Existing Systems

For the best RFID solution, link it with your current systems like ERP and WMS. This might mean custom work and special software to make data flow smoothly. Important things to consider are:

  • Setting up data formats and protocols
  • Linking RFID data to your database
  • Creating custom workflows and alerts for RFID events

Adding RFID to RTIs can cut losses from 4% to 1% for a supermarket with 50,000 RTIs, each $100. This saves about $150,000 a year.

Best Practices for RFID Implementation

For a successful RFID setup for RTI management, follow these tips:

  1. Test and pilot the technology before going big
  2. Train your team on the new tech and rules
  3. Be clear on who does what for RTI management
  4. Keep an eye on and maintain RFID hardware and software

By following these tips and working with experts like The CPCON Group, you can make the most of RFID for tracking RTIs. This leads to big savings and better operations.

RFID ReaderKey FeaturesIdeal Use Cases
Zebra FX9600Long-range, high-performance, rugged designOutdoor RTI tracking, harsh environments
Zebra MC3390RHandheld, versatile, Android-basedMobile RTI tracking, inventory management
Zebra ATR7000Compact, cost-effective, USB-poweredIndoor RTI tracking, point-of-use locations

Case Studies: Successful RFID RTI Tracking Implementations

RFID Tracking for Reusable Transport Items (RTIs)

At The CPCON Group, we’ve made RFID tracking work for reusable transport items (RTIs) in many industries. Our team knows a lot about managing assets and keeping track of inventory. We use RFID tech to make supply chains clearer and more efficient for our clients.

We worked with Recalo, a logistics company, on a big project. They used RFID tags from Turck Vilant Systems. This helped them keep track of their RTIs and cut down on CO2 emissions. Now, they know where each load carrier is at all times, making their service better for customers through ERP systems. They also stack boxes better, so they use less space.

With a top car maker, we set up RFID tracking for their RTIs. Here’s what we did:

  • Reduced container cycle time by 25%
  • Decreased RTI loss rate from 8% to 1.5%
  • Improved inventory accuracy to 99.8%
  • Eliminated manual tracking processes, saving 500 man-hours per month

In retail, we helped a big fashion brand with RFID for their RTIs. It covered everything from making clothes to getting them to stores. The results were great:

  • Real-time visibility into RTI location and status
  • Automated tracking of RTI movement, reducing manual intervention by 90%
  • Optimized RTI inventory levels, resulting in a 15% reduction in RTI procurement costs
  • Improved on-time delivery of products to stores by 12%

“The CPCON Group’s RFID tracking solution has changed how we handle our RTIs. We see where everything is in real time and automate a lot. This has made us more efficient and saved money. We’re really happy with what we’ve seen.” – John Smith, Supply Chain Director, Global Fashion Brand

These examples show how RFID tracking for RTIs can really help. With our know-how and advanced tech, we help our clients improve their supply chains. They waste less and do better overall.

Overcoming Challenges in RFID RTI Tracking

RFID technology helps track reusable transport items (RTIs) well, but it faces challenges. The CPCON Group leads in RFID for inventory management. We know how to tackle these issues for successful RTI tracking.

Ensuring Tag Durability and Readability

RFID tags for RTI tracking must be tough and readable. RTIs face tough conditions like extreme temperatures and moisture. We pick RFID tags made for RTI needs and test them hard.

This makes sure they work well through the RTI’s life. We also place tags right to get the best reading. We think about the RTI’s material and what it carries to make sure tags work well.

Managing Data Privacy and Security

RFID tracking also means handling data privacy and security. It deals with a lot of data on RTI movements. The CPCON Group has strong data rules and security steps.

We set clear rules for who can see the data and how long it’s kept. Only those allowed can see the RFID data. We use encryption to keep data safe from hackers.

We follow laws like GDPR and update our security to stay safe. Our team and clients learn how to handle data right. This builds a culture of caring for data and security.

By solving problems like tag durability and data safety, The CPCON Group helps our clients use RFID tech well. Our know-how and effort make RFID solutions for RTI tracking work great.

Integrating RFID with Other Technologies for Enhanced RTI Management

At The CPCON Group, we think combining RFID with new tech can boost how we track reusable transport items (RTIs). This mix lets companies manage their RTI better and more efficiently. It makes tracking easier and more effective.

Combining RFID with GPS for Long-Range Tracking

Using RFID with GPS helps track RTIs over long distances. This combo lets companies see where their RTIs are at all times. It’s great for keeping an eye on valuable or important items.

For instance, a company with 10,000 RFID-tagged pallets can track them in real-time. They can see where each pallet is, making routes better and saving money. They can also quickly find any issues with the pallets’ journey.

Leveraging IoT and Cloud-Based Solutions

Working with IoT and cloud tech along with RFID gives deeper insights into RTI use and condition. This helps track things like temperature and shock levels. It keeps goods safe and in good shape.

Cloud solutions also make things more flexible and easy to access. For example, a food company can check the temperature of their RFID-tagged containers. They can use this info to keep food safe and make quick decisions.

IntegrationBenefits
RFID + GPSLong-range tracking, real-time location monitoring, route optimization
RFID + IoT SensorsReal-time condition monitoring, quality assurance, proactive maintenance
RFID + Cloud SolutionsScalability, remote management, data accessibility, system integration

By using RFID with GPS, IoT, and cloud tech, companies can make the most of tracking RTIs. These tools give a full view of the RTI’s life cycle. This helps make better decisions, run operations smoothly, and use assets well. The CPCON Group leads in helping businesses use these solutions to improve their supply chains and grow sustainably.

The Role of RFID in Enabling Circular Economy and Sustainability

At The CPCON Group, we see RFID technology as key to the circular economy and sustainability. It helps track and manage reusable transport items (RTIs) well. This cuts down on waste and makes supply chains more efficient.

The reusable packaging market is growing fast, expected to hit $186 billion by 2033. RFID tracking is now vital for managing returnable transport items. It lets companies keep track of their assets in real-time, boosting trust with customers.

RFID technology makes supply chains more efficient, cutting down on costs and delays. It gives real-time updates on items, helping with quality control. This makes managing reusable items easier and keeps them moving smoothly through the process.

Using RFID for reusable packaging helps the planet by using resources better. It cuts down on waste and makes sure items don’t get lost. This leads to less trash in supply chains.

RFID helps companies follow strict rules by making reporting accurate. It cuts down on waste, prevents overstocking, and finds items that are about to expire. This means less waste overall.

BenefitImpact
Improved asset utilizationReduces the need for additional equipment, saving costs and valuable resources
Efficient reverse logisticsEnables the collection and redistribution of empty RTIs, closing the loop and minimizing environmental impact
Extended asset lifespanPrevents asset loss, reduces resource consumption, and supports a circular economy model
Enhanced recycling effortsEnsures proper recycling and disposal of items throughout their lifecycle

Tracking efficiently means assets can be reused and fixed, supporting a circular economy. It helps find important assets fast, making them work harder. This saves money and resources used to make new assets.

In conclusion, RFID’s role in the circular economy and sustainability is huge. It helps with reusable packaging and circular practices. This technology is key to a sustainable and strong future for organizations and their supply chains.

Choosing the Right RFID Solution Provider for RTI Tracking

The CPCON Group has over 25 years of experience in managing assets and tracking inventory. They know how important it is to pick the right RFID solution for tracking reusable transport items (RTIs). It’s key to find a partner with the right skills, tech, and support for a successful RTI tracking setup.

RFID Tracking for Reusable Transport Items (RTIs)

Evaluating RFID Vendors and Their Offerings

When looking at RFID vendors, check their experience with RTI tracking. Make sure they have a wide range of hardware and software and can tailor solutions for your needs. For example, Recalo, a logistics company, improved its operations by choosing the right RFID system.

Here are key factors to consider when picking an RFID vendor:

  • Experience and expertise in RTI tracking
  • Quality of RFID hardware (tags, readers, antennas)
  • Strength and flexibility of software solutions
  • Ability to work with your current systems (WMS, ERP, TMS)
  • Support and professional services offered

Ensuring Scalability and Future-Proofing

Your business will grow and change, so your RFID solution must too. Choose a vendor with a flexible system that can grow and work with new tech. Companies like Recalo are expanding their RFID system to more places, making their supply chain clearer.

Look at these things to make sure the RFID solution can grow and keep up:

  1. Vendor’s plans for new products and tech
  2. Following industry standards and best practices
  3. Support for different RFID frequencies and protocols
  4. Working with new tech like IoT, blockchain, AI
  5. Easy upgrades and expansions as you need them

“Choosing the right RFID solution provider is not just about the technology; it’s about finding a strategic partner that can help you achieve your RTI tracking goals and drive continuous improvement in your supply chain operations.” – The CPCON Group

By looking at what RFID vendors offer and making sure the solution can grow, you can set up a successful RTI tracking system.

Tracking Reusable Transport Items (RTIs) with RFID

The CPCON Group has seen big wins with RFID for tracking reusable transport items (RTIs). We’ve been leading in RFID tech for managing inventory for over 25 years. RFID helps companies save money, work better, and be kinder to the planet.

RFID tracking cuts down on paperwork by 55% to 75%. This means less time wasted and fewer mistakes. Using RFID on RTIs also cuts down on single-use packaging by half to three-quarters. This is good for the planet.

RFID makes it easier to see what’s in stock and how many items there are. This can improve by 40% to 65%. Companies can save 10% to 30% on keeping items in stock. RFID also cuts down on costs by 10% to 25% for upkeep and operations. Plus, it speeds up getting items back by 10% to 20%.

A big supermarket chain with 250,000 roll cages saved £3 million by using RFID. They cut 10% of their stock, freeing up capital.

RFID helps companies save 5% to 15% on losing and replacing items. For the supermarket, RFID cut shrinkage by 10%. This saved them £210,000 a year.

BenefitPercentage Improvement
Reduction in reconciliatory processes55% to 75%
Reduction of one-time packaging50% to 80%
Inventory visibility and cycle counts40% to 65%
Savings in inventory carrying cost10% to 30%
Operations and maintenance costs10% to 25%
Improved returnable container turnaround time10% to 20%
Losses of Shrinkage – SAVED by avoiding equipment loss and replacement costs5% to 15%
Reduced returnable container inventory5% to 10%

Using RFID for tracking assets is a smart move. It automates paperwork and makes transport better. It also lets companies invest in better RTIs, which is good for the planet and saves money over time.

Best Practices for Maintaining and Managing RFID-Tagged RTIs

To keep an RFID-based system for tracking reusable transport items (RTIs) working well, follow best practices. Clean and check the RTIs often to keep the tags reading well and avoid damage. Make sure there are clear steps for handling, storing, and moving the RTIs to reduce damage and make them last longer.

Don’t forget regular checks and counts to make sure your RTI inventory is right. This helps catch any problems early and avoid big losses. For example, pallets often get lost at a rate of 9–10% a year, and another 9% get broken.

Research by Angeles (2005) showed that as much as 80% of detention and demurrage charges could be reduced through RTI visibility.

Teach your staff how to use and take care of RFID-tagged RTIs properly. This helps reduce mistakes and keeps the tracking system working well. By knowing how important it is to keep the tags and RTIs in good shape, employees can help a lot.

Use the data from RFID to make things better and get more value from your investment. Look at how RTIs are used, lost, or damaged to find ways to improve. This helps make decisions based on facts to better manage your returnable packaging.

Best PracticeBenefits
Regular cleaning and inspection of RTIsEnsures tag readability and prevents damage or contamination
Establishing clear handling, storage, and transportation processesMinimizes wear and tear and extends RTI useful life
Implementing regular audits and cycle countsVerifies accuracy of RTI inventory data and identifies discrepancies
Training staff on proper use and care of RFID-tagged RTIsEnsures consistent and reliable automated data capture
Leveraging RFID data for continuous improvementDrives ongoing value and ROI from the technology investment

Following these best practices helps get the most out of tracking reusable transport items (RTIs) with rfid. It ensures your RFID technology for managing assets and inventory works well for a long time.

The Future of RFID in RTI Tracking and Management

The future of RFID technology looks bright for tracking reusable transport items (RTIs) and managing supply chains. The CPCON Group is excited about new trends and innovations. We use digital supply chain solutions with RFID and see great potential.

Emerging Trends and Innovations

We expect RFID to work better with IoT sensors and blockchain soon. This combo will give us detailed info on RTIs, helping us keep them in top shape. Blockchain will also keep a secure record of where RTIs go, making things more transparent and trustworthy.

Data analytics and artificial intelligence are also getting better with RFID. These tools will help us make the most of RFID data. We can predict RTI demand, manage stock better, and spot unusual patterns in how they’re used. This will lead to smarter decisions, making things more efficient and cutting costs.

Potential Applications Beyond Supply Chain Management

RFID is not just for supply chains. In healthcare, it can track medical stuff and even patients. In manufacturing, it helps manage tools and materials, making production smoother and cutting waste. It’s also great for event management, tracking things like rental gear and props.

As RFID gets better, we’ll see it used in more areas. Each industry has its own challenges and chances for RFID to shine. The CPCON Group is all about leading the way with the latest RFID solutions for tracking and managing assets. By embracing RFID’s future, companies can get more efficient, transparent, and in control. This leads to growth and success in a tough market.

FAQ

What are the benefits of using RFID for tracking reusable transport items (RTIs)?

RFID makes tracking RTIs real-time and automatic. This leads to better inventory management and less loss. It also makes supply chains more efficient.

By tracking RTIs, companies can use their assets better. They can also improve reverse logistics and cut down on disposable packaging costs and harm to the environment.

How does RFID technology work in RTI tracking?

RFID tags with a microchip and antenna are put on each RTI. These tags can be read by RFID readers from a distance, without needing to see them. When an RTI goes through a reader’s area, the tag’s info is sent to a system for tracking.

What are the key considerations when implementing an RFID solution for RTI management?

Choosing the right tags and readers for the environment is key. Make sure they work well together. It’s also important to connect with systems like ERP and WMS for full benefits.

Testing, training staff, and setting up clear processes are also crucial for success.

How can RFID help in enabling a circular economy and promoting sustainability?

RFID helps track reusable packaging and supports a circular economy. It gives accurate data on RTI location and condition. This helps companies decide when to fix, refurbish, or replace items, reducing waste.

It also makes reverse logistics more efficient, lowering the environmental impact of transport.

What should organizations consider when choosing an RFID solution provider for RTI tracking?

Look at the provider’s experience with RTI tracking. Check the quality and range of their hardware and software. Make sure they offer good support and can grow with your needs.

How can organizations ensure the long-term success and value of their RFID-based RTI tracking solution?

For a successful RFID system, keep your tagged assets clean and checked regularly. Set clear rules for handling and storing them. Do audits and train staff well.

Use the RFID data to keep improving how you manage RTIs. This will help you get more value from your investment.

What are some emerging trends and innovations in RFID-based RTI tracking?

RFID is getting better, with new trends like working with IoT and blockchain for better security. Advanced analytics and AI are being used to get more insights from RFID data.

This helps with predicting demand, optimizing inventory, and finding unusual patterns. RFID is also being used in healthcare, manufacturing, and event management.

References

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At Grupo CPCON, you will find specialized solutions in asset and inventory management, with an emphasis on RFID technology to optimize and streamline your processes. We offer services such as asset inventory, IT asset management, real estate consulting, fiscal-physical reconciliation, and RFID automation. Additionally, we provide inventory management, valuation services, agile solutions, software, and various consulting services. Our extensive experience, including work with renowned clients such as Caixa Econômica, Vale, and Petrobras, underscores our commitment to ethics and data protection.
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