In last few years, rapid innovations have led to reduced size, increased cost and higher service level requirement for test and measurement equipment. These factors, along with dynamic team structure and high asset mobility are demanding improved and effective asset tracking in various laboratories.
Due to current economic conditions and improved compliance guidelines, companies are re-evaluating their current “asset-id” technologies and business processes for managing valuable lab assets.
Tagit Solutions pioneers in providing the complete solution, from business analysis to user support, for improved management of “test measurement equipment” and “lab assets” in the engineering labs and manufacturing units of technology companies.
Tagit Solutions, since its establishment in 2008, has helped customers like Cisco Systems deploy integrated RFID based asset management solutions and realize 6 times its investment within first 12 months of deployment with:
- Increased asset utilization
- Higher cost of avoidance
- Improved accuracy of financial reporting
- Reduced labor intensive asset tracking
- Automated work flows for increased operational efficiency
At present, Tagit Solutions is the only solution provider with several production installations of integrated RFID based asset management solution for tracking “test equipment” in hi-tech laboratories.
The industry categorizes “test equipment” under “IT assets” although the business problems and their respective solution approaches are completely different. IT assets are checked out to owners for a relatively longer time, are relatively stationary.