Automated Fixed Asset Inventory System (FAR-System)

Automated Fixed Asset Inventory System (FAR-System) is designed by 3M Electronix to significantly reduce the amount of time spent auditing and locating assets by smoothing  the process, improving accuracy, and automating the reconciliation process. RFID provides a significant performance improvement compared to manual and barcode processes by eliminating human error and drastically reducing man-power.

Unlike manual and barcode asset tracking processes that require you to physically locate and visually read or scan each individual asset tag one at a time, multiple RFID tags can be read simultaneously.

Problems Encountered During Actual Inventory

• Manual counting is very tedious and would easily result to errors.
• Needs longer time
• Needs additional manpower and cost
• Inventory report is NOT 100% reliable

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Main Feature of the Automated FAR System

1. Automates fixed asset inventory audit
2. Locates missing assets
3. Real-time Physical Count
4. Web-based application: no software to install for each user, available remotely
5. Easily  exports data for other back-end systems

Reports

• Asset Inventory
• Book Value of Assets (Lapsing Schedule)
• Transfer of Assets
• Relocated Assets
• Asset Repair
• Disposal of Assets

Clients Using our Automated Fixed Asset Inventory System (FAR-System)