Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Socially responsible investing wikipedia , lookup
International investment agreement wikipedia , lookup
Environmental, social and corporate governance wikipedia , lookup
History of investment banking in the United States wikipedia , lookup
Investment banking wikipedia , lookup
Capital gains tax in Australia wikipedia , lookup
Asset Management at the USPTO The RFID Future Tom King, Project Manager U.S. Patent & Trademark Office Office of Administrative Services Alexandria, VA Agenda 1. Background 2. Goals 3. Return on Investment 4. Equipment a) Readers b) Bar-codes c) Placement 5. Future Enhancements 3 Background • Labor intensive manual process • Vulnerable to error due to heavy reliance on human interaction. • Over 800 Property Custodians (PC) and 100 Property Accountability Officers (PAO) • Asset Information: 1. 112,100 assets tracked 2. $172,560,400 total value 4 Background • June 2012, a budget initiative was approved and included in the FY 2014 President’s Budget • September 2014, a contract was awarded to: 1. Perform site surveys 2. Procure software 3. Purchase/install the hardware 5 Goals 1. Reduce number of PAOs and PCs 2. Reduce inventory cycle time 3. Increase accuracy 6 Return on Investment • Approximate Cost: $3m • Annual Savings: $1.1m • ROI: 2.75 years Category Annual Cost Annual Savings Notes PC Labor $ 501,311.20 $ 451,180.08 Expect 90% reduction Asset Mgmt Labor ~ Errors $ 365,367.83 $ 274,025.87 Expect 75% reduction Loss Prevention $ 377,629.39 $ 366,300.51 Expect 97% reduction Total $ 1,244,308.42 $ 1,091,506.46 7 Equipment RFID Readers 1. Fixed • Most are ‘hidden’ above the ceiling tile • Lobby readers are ‘flush mounted’ to the ceiling • Each building, including remote sites 2. Mobile • Limited number • Facilitate monthly reconciliation 8 Equipment RFID Barcodes 1. Affixed to most trackable assets 2. Passive technology 9 Equipment Placement Performed extensive site survey work to determine optimal location for each reader. Items considered included: • Critical locations (loading docks, emergency exits) • Maximum coverage • Minimal equipment investment 10 Typical 1st Floor 11 Typical Floor 12 Future Enhancements 1. Real-time updates 2. On-demand reporting 3. At home asset tracking 13 Questions and Answers 14