Tracking mobile assets
The business justification to invest in asset tracking capability is usually the risk of loss. This can be loss of the asset directly, or loss of the ability to render service to customers that is enabled by the asset. For example, the business may have a few critical tools, and the loss of just one of these tools would significantly degrade the ability to perform necessary work.
Thus, the assets being tracked may a) have specific quantifiable capital value or b) general aggregate operational value.
Examples for such assets include
Non-Asset Mobile Tracking Applications
Persons may be tracked within a controlled geographical area; e.g. hospital patients, visitors in a secure facility, or workers in power plants, chemical plants, or tunnel construction sites. People can be actively tracked to locate them reliably and quickly in the unfortunate case of disaster. [3] Person-tracking is a highly specialized application that requires special-purpose technology, and is only workable within a specific, controlled environment. Tracking an individual person in an open, uncontrolled environment without special instrumentation is not realistically possible.
Concerns with usage of tracking mobile assets
These assets are often in the hands of third party entities (such as suppliers, customers, logistics providers and carriers) and out of sight and control of the owning entity. They usually represent a significant capital expenditure for companies and their management and maintenance is resource-intensive.
On average, businesses spend 5% of annual revenue on logistics assets, and almost one-fifth of respondents spend more than 10%. [4] The annual costs include the replacement of lost or damaged special containers, where typically up to 30% of the containers are surplus in circulation just because nobody knows when and where.
Outsourcing mobile asset management
Mobile asset management providers manage asset operation within the supply chain, directing the activities of a client's third party logistics company as needed and ensure proper services are performed on the asset (handling, cleaning, maintenance, repair). These providers also study business processes within the supply chain and help optimize each process.
Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the point of consumption according to the needs of customers. Logistics management is a component that holds the supply chain together. The resources managed in logistics may include tangible goods such as materials, equipment, and supplies, as well as food and other consumable items.
Radio-frequency identification (RFID) uses electromagnetic fields to automatically identify and track tags attached to objects. An RFID system consists of a tiny radio transponder called a tag, a radio receiver, and a transmitter. When triggered by an electromagnetic interrogation pulse from a nearby RFID reader device, the tag transmits digital data, usually an identifying inventory number, back to the reader. This number can be used to track inventory goods.
Logistics automation is the application of computer software or automated machinery to logistics operations in order to improve its efficiency. Typically this refers to operations within a warehouse or distribution center, with broader tasks undertaken by supply chain engineering systems and enterprise resource planning systems.
The Electronic Product Code (EPC) is designed as a universal identifier that provides a unique identity for every physical object anywhere in the world, for all time. The EPC structure is defined in the EPCglobal Tag Data Standard, which is a freely available standard. The canonical representation of an EPC is a URI, namely the 'pure-identity URI' representation that is intended for use when referring to a specific physical object in communications about EPCs among information systems and business application software.
Inventory control or stock control can be broadly defined as "the activity of checking a shop's stock". It is the process of ensuring that the right amount of supply is available within a business. However, a more focused definition takes into account the more science-based, methodical practice of not only verifying a business's inventory but also maximising the amount of profit from the least amount of inventory investment without affecting customer satisfaction. Other facets of inventory control include forecasting future demand, supply chain management, production control, financial flexibility, purchasing data, loss prevention and turnover, and customer satisfaction.
Fixed assets management is an accounting process that seeks to track fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence.
A tracking system, also known as a locating system, is used for the observing of persons or objects on the move and supplying a timely ordered sequence of location data for further processing.
Supply chain security activities aim to enhance the security of the supply chain or value chain, the transport and logistics systems for the world's cargo and to "facilitate legitimate trade". Their objective is to combine traditional practices of supply-chain management with the security requirements driven by threats such as terrorism, piracy, and theft. A healthy and robust supply chain absent from security threats requires safeguarding against disturbances at all levels such as facilities, information flow, transportation of goods, and so on. A secure supply chain is critical for organizational performance.
In the distribution and logistics of many types of products, track and trace or tracking and tracing concerns a process of determining the current and past locations of a unique item or property. Mass serialization is the process that manufacturers go through to assign and mark each of their products with a unique identifier such as an Electronic Product Code (EPC) for track and trace purposes. The marking or "tagging" of products is usually completed within the manufacturing process through the use of various combinations of human readable or machine readable technologies such as DataMatrix barcodes or RFID.
Fuel-management systems are used to maintain, control and monitor fuel consumption and stock in any type of industry that uses transport, including rail, road, water and air, as a means of business. Fuel-management systems are designed to effectively measure and manage the use of fuel within the transportation and construction industries. They are typically used for fleets of vehicles, including railway vehicles and aircraft, as well as any vehicle that requires fuel to operate. They employ various methods and technologies to monitor and track fuel inventories, fuel purchases and fuel dispensed. This information can be then stored in computerized systems and reports generated with data to inform management practices. Online fuel management is provided through the use of web portals to provide detailed fueling data, usually vis a vis the back end of an automated fuel-management system. This enables consumption control, cost analysis and tax accounting for fuel purchases.
Mobile tagging is the process of providing data read from tags for display on mobile devices, commonly encoded in a two-dimensional barcode, using the camera of a camera phone as the reader device. The contents of the tag code is usually a URL for information addressed and accessible through Internet.
Network Centric Product Support (NCPS) is an early application of an Internet of Things (IoT) computer architecture developed to leverage new information technologies and global networks to assist in managing maintenance, support and supply chain of complex products made up of one or more complex systems, such as in a mobile aircraft fleet or fixed location assets such as in building systems. This is accomplished by establishing digital threads connecting the physical deployed subsystem with its design Digital Twins virtual model by embedding intelligence through networked micro-web servers that also function as a computer workstation within each subsystem component (i.e. Engine control unit on an aircraft) or other controller and enabling 2-way communications using existing Internet technologies and communications networks - thus allowing for the extension of a product lifecycle management (PLM) system into a mobile, deployed product at the subsystem level in real time. NCPS can be considered to be the support flip side of Network-centric warfare, as this approach goes beyond traditional logistics and aftermarket support functions by taking a complex adaptive system management approach and integrating field maintenance and logistics in a unified factory and field environment. Its evolution began out of insights gained by CDR Dave Loda (USNR) from Network Centric Warfare-based fleet battle experimentation at the US Naval Warfare Development Command (NWDC) in the late 1990s, who later lead commercial research efforts of NCPS in aviation at United Technologies Corporation. Interaction with the MIT Auto-ID Labs, EPCglobal, the Air Transport Association of America ATA Spec 100/iSpec 2200 and other consortium pioneering the emerging machine to machine Internet of Things (IoT) architecture contributed to the evolution of NCPS.
Checkpoint Systems is an American company that specializes in loss prevention and merchandise visibility for retail companies. It makes products that allow retailers to check inventory, quicken the replenishment cycle, prevent out-of-stocks and reduce theft. Checkpoint offers Electronic Article Surveillance (EAS) radio frequency solutions for retail, high-theft and loss-prevention solutions, RFID hardware, software, and labeling capabilities.
Omni-ID is a vendor of passive UHF Radio-frequency identification (RFID) tags. Founded in 2007 as Omni-ID, Ltd., its products are a range of RFID tags designed to operate in all environments, including on metal and liquids.
DASH7 Alliance Protocol (D7A) is an open-source wireless sensor and actuator network protocol, which operates in the 433 MHz, 868 MHz and 915 MHz unlicensed ISM/SRD band. DASH7 provides multi-year battery life, range of up to 2 km, low latency for connecting with moving things, a very small open-source protocol stack, AES 128-bit shared-key encryption support, and data transfer of up to 167 kbit/s. The DASH7 Alliance Protocol is the name of the technology promoted by the non-profit consortium called the DASH7 Alliance.
Inventory management software is a software system for tracking inventory levels, orders, sales and deliveries. It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. Companies use inventory management software to avoid product overstock and outages. It is a tool for organizing inventory data that before was generally stored in hard-copy form or in spreadsheets.
CYBRA Corporation is a software developer, publisher, and systems integrator in the IBM midrange market. CYBRA provides bar codes, RFID, and RTLS systems for IBM Power Systems and other server lines and other major computing platforms, bar code label and tag printing, and bar code scanning systems.
Third-party logistics is an organization's long term commitment of outsourcing its distribution services to third-party logistics businesses.
PowerFleet, Inc. is an American company headquartered in Woodcliff Lake, New Jersey, with offices located around the globe and a technology innovation center in Israel. The company is a global provider of wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, intermodal shipping containers, cargo, and vehicle and truck fleets.
Kenco Group, or Kenco, is a privately held Chattanooga, Tennessee-based company that provides logistics services. Kenco specializes in distribution and fulfillment, transportation management, material handling services, and warehouse real estate management. The company is known for being the largest woman-owned third party logistics company in the United States. Its headquarters is located in Chattanooga, Tennessee.
