In these challenging times businesses of all sizes are being required to make more of their existing assets. There are many potential business drivers for improving asset management processes and procedures. Some of these processes may still be paper based, highly manual, time intensive and difficult to update. For many businesses there are potential efficiencies and cost savings which will translate into a measurable and relatively fast return on investment. For other businesses there may also be compliance, audit or regulatory reasons for having accurate asset management records. However for many reasons it may be difficult to keep accurate and up to date records of these assets. This where RFID and related sensor technologies can help and offer many potential benefits for asset management applications.

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