Find Your Ideal Indoor Asset Tracking & Monitoring System

Choosing the right Real-Time Location System (RTLS) for Indoor Asset Tracking can be challenging, with numerous systems like Ultra-Wideband (UWB), Bluetooth Low Energy (BLE), BLE AOA, Wi-Fi and RFID each offering specific benefits. Most RTLS solutions provide real-time asset visibility, utilization, heatmaps, and spaghetti diagrams. But which system best fits your facility’s unique needs?

LocaXion’s RTLS practitioners have deployed over 100+ RTLS projects in Manufacturing, Warehousing and Healthcare.
With our 15+ years of RTLS expertise we design scalable solutions that meet your current asset tracking, efficiency, and operational performance needs, and scale for future use-cases.  

Not a Fan of Reading Long Articles?

Top Indoor Asset Tracking Use Cases Across Industries

Manufacturing

WIP Tracking: Real-time tracking of work-in-progress (WIP) reduces production bottlenecks and ensures smooth workflows.

Quality Control: Continuous visibility helps identify quality issues early, preventing defects and rework.

Automated Systems Integration: Automates transactions between Manufacturing Execution Systems (MES), ERP, and WMS, streamlining operations.

Raw Material Tracking: Tracks raw materials in real time, ensuring availability and preventing machine downtimes.

Equipment Utilization: Monitors tool and equipment usage, improving maintenance schedules and reducing idle times.

Warehouses

Real-Time Inventory Tracking: Minimizes stockouts by providing continuous visibility into inventory levels and locations.

Order Picking Accuracy: Increases picking speed and accuracy by pinpointing item locations in real time.

Automated Replenishment: Automates restocking processes, ensuring high-demand items are always available.

Shelf Space Optimization: Tracks inventory movement and optimizes shelf space based on demand.

Vehicle & Equipment Tracking: Monitors forklifts, AGVs, and other assets to reduce idle times and improve safety.

Healthcare

Medical Equipment Availability: Real-time tracking ensures critical equipment like ventilators and infusion pumps are always accessible.

Patient Tracking: Monitors patient flow and optimizes bed allocation to reduce bottlenecks and improve care delivery.

Compliance and Safety: Ensures medical equipment is sanitized and maintained according to health and safety regulations.

Temperature-Sensitive Storage: Monitors temperature-sensitive medications to ensure they stay within required storage conditions.

Workflow Optimization: Enhances hospital workflow efficiency by reducing delays, improving patient throughput, and enhancing overall care quality.

Have a Specific Use-Case in Mind?

Why Locaxion is the Right Partner for Your RTLS Journey

100+ Location Intelligence projects across Manufacturing & Warehousing 

With experience across over 100 location intelligence projects, LocaXion brings proven expertise to facilities across diverse industries. 

15+ years of experience in RTLS Smart Factory consulting alongside BIG 4 

Our team offers unmatched knowledge in RTLS solutions, digital twins, and smart factory initiatives, making LocaXion a trusted partner for businesses. 

Strong Network of Top RTLS and Digital Twin Providers

We work with industry-leading RTLS and digital twin providers to deliver tailored solutions, meeting each client’s specific needs.

Choosing the Right RTLS Technology for Real-Time Asset Tracking

Choosing the right RTLS technology for asset tracking within a designated area is crucial to ensuring operational efficiency, safety, and real-time decision-making. Different RTLS systems offer varying degrees of accuracy, setup complexity, and scalability. The decision hinges on your facility’s layout, the number of assets to track, and the level of detail needed for reporting. Below are key RTLS technologies to evaluate for your asset tracking needs.

Let’s First Understand Asset Tracking vs. Asset Management
Before diving into specific RTLS technologies, it’s essential to distinguish between asset tracking and asset management in large facilities. Asset tracking refers to the real-time monitoring of asset locations and conditions using RTLS technologies. This system provides visibility into where assets are at any given time and allows operators to track movements and status. In contrast, asset management encompasses a broader scope, including maintenance, lifecycle management, and data analytics of asset performance over time. While asset tracking is a subset of asset management, integrating both systems enhances operational efficiency by not only monitoring asset location but also tracking its usage, condition, and maintenance schedules.

Infrastructure-Based RTLS (UWB, BLE)

Infrastructure-based RTLS offers a comprehensive “indoor GPS on steroids,” providing sub-meter accuracy and sub-second updates. These systems, typically powered by Ultra-Wideband (UWB) or Bluetooth Low Energy (BLE), are ideal for complex facilities requiring constant visibility into asset locations, such as warehouses or manufacturing floors. UWB excels in providing precise location real-time location data, which is critical for asset tracking, ensuring high accuracy in environments where tracking assets with RFID or passive tags may fall short.

Advantages:
God’s Eye View: A facility-wide grid of sensors offers unmatched visibility, enabling real-time tracking and alerting for both people and assets, even in blind spots.
Multi-Use Capability: UWB and BLE systems can power multiple tracking use-cases, from forklift and pedestrian tracking to Work-In-Progress (WIP) and inventory monitoring.
Advanced Analytics & Digital Twin Potential: Infrastructure-based RTLS generates high-fidelity data that supports predictive models and digital twin simulations, offering insights for improving safety, productivity, and asset utilization.

Considerations: While the initial setup costs for infrastructure-based RTLS may be higher, the integration of multiple use cases—such as inventory, people, and asset tracking—can increase the ROI. LocaXion can assist with calculating ROI for your specific operational needs.

Non-Infrastructure Ranging Systems (TWR)

Non-infrastructure, Two-Way Ranging (TWR) systems are simpler, line-of-sight solutions that require fewer components, making them easier to deploy. These systems use a combination of sensors placed on assets like forklifts and fixed reference points to provide location awareness and proximity alerts for safety.

Advantages:
Lower Setup Costs: TWR systems are ideal for facilities looking to minimize upfront infrastructure investments while still gaining some location visibility.
Effective for Open Layouts: These systems perform well in open facilities where there is little to no obstruction (such as walls or corners) that would hinder signal transmission.

Limitations: TWR systems may not be suitable for environments with complex layouts, including areas with obstructions. For such environments, infrastructure-based RTLS or vision-based systems may offer a more comprehensive solution to maintain visibility.

Vision-Based Tracking (Camera or LIDAR)

Vision-based RTLS utilizes AI-powered cameras or LIDAR systems for advanced object detection, enabling highly accurate tracking of assets and real-time collision detection. This type of RTLS is ideal for applications where precision and safety are paramount. Cameras and LIDAR can detect objects, including specific asset types, and generate alerts if there is a risk of collision or unauthorized movement.

Advantages:
Instant Safety Alerts: Cameras and LIDAR systems can instantly detect obstacles or unauthorized asset movement and alert operators in real-time.
Enhanced Environmental Awareness: These systems offer superior contextual awareness, making them suitable for complex environments that require asset tracking with high safety standards.

Considerations: Vision-based systems require significant processing power and may be affected by environmental conditions such as lighting or obstructions (e.g., dust). They also typically require on-board or cloud-based AI to process data in real-time, which can add to operational complexity.

Indoor-Outdoor Hybrid Tracking

For facilities that require seamless indoor asset tracking and outdoor asset tracking across both indoor and outdoor areas, hybrid RTLS solutions combine technologies such as UWB or BLE for indoor tracking and GPS/RTK for outdoor zones. This hybrid approach offers comprehensive coverage for complex facilities with extended yard operations, outdoor storage, or material handling areas.

Advantages:
End-to-End Coverage: Hybrid systems provide continuous asset tracking from inside the facility to outdoor yards, making them ideal for large operations or facilities with substantial outdoor zones.
Flexible Technology Mix: These systems offer flexibility by utilizing the best-suited technology for each environment, balancing cost, accuracy, and operational needs.

Limitations: Outdoor tracking systems typically have lower accuracy and slower update rates compared to indoor RTLS systems. However, using technologies like RTK for high-precision outdoor tracking or LoRaWAN for cost-effective solutions can help meet varying operational requirements.

Technology Specific Questions?

Top 3 Features Every Indoor Asset Tracking System Must Have

The following features are crucial to maximize the benefits of RTLS technology in asset tracking, as they provide the foundation for real-time decision-making and long-term strategic insights regarding the status of assets. By focusing on these areas, businesses can ensure improved accuracy, productivity, and cost savings.

Real-Time Location Tracking
Gain full visibility of assets, equipment, and personnel with accurate, real-time location data across manufacturing, warehousing, and healthcare environments.

Custom Alerts & Notifications
Set up automated alerts to notify teams about asset movements, non-movers, maintenance schedules, and zone violations to prevent delays and optimize operations.

Historical Data & Reporting
Analyze historical location data to uncover trends in dwell times, cycle times, process step times, to improve asset utilization, and comply with industry regulations, driving long-term operational efficiency.

Guiding Questions to Choose the Best RTLS Asset Tracking System

Now that you understand the key features to look for, the next step is to ask the right questions to ensure the system fits both your immediate needs and long-term vision.

What Are Your Primary Objectives? Are you focused on safety, productivity, or both? Identifying your main goals helps you target essential features and ROI.

Is Asset Tracking Just the Start? Consider if this system is part of a broader Smart Factory plan. Does your organization envision expanded tracking for other assets, zones, and applications?

What is the Facility Environment Like? Consider conditions unique to your site, like dust, lighting, or noise. For harsher environments, technologies like UWB or hybrid solutions may be preferable over BLE or vision-based systems.

What Are Your Scalability Requirements? As your facility grows, will the RTLS need to scale with it? Prioritize solutions that support easy expansion without substantial cost or downtime.

How Important Is System Integration? For cohesive, data-rich operations, an effective RTLS system should integrate with your existing WMS, MES, telematics, and safety systems. Consider your current IT setup and whether the RTLS can connect with it seamlessly.

LocaXion’s vendor-neutral approach eliminates trial-n-error.

Specific Questions?

Examples of RTLS Asset Tracking and Management Use-Cases

Discover how RTLS-powered tool and die tracking transformed a manufacturing plant, reducing downtime, improving workflow efficiency, and streamlining operations with real-time visibility, automated alerts, and predictive insights. Learn how this solution ensures error-proofing and scalability for modern manufacturing.

Key Takeaways: Benefits of Implementing Indoor Asset Tracking

Now that we’ve explored some real-life use cases, let’s take a step back and highlight the key benefits that come from implementing asset tracking system, from enhanced visibility to improved productivity.

Real-time tracking provides continuous visibility, helping businesses optimize asset utilization, reduce downtime, and improve workflow efficiency.

Scalable and flexible RTLS solutions can adapt to your business as it grows, offering future-proof technology that integrates seamlessly with existing systems.

By choosing an RTLS system with the right features, such as real-time alerts and integration capabilities, businesses can significantly enhance operational efficiency and reduce costs.

Frequently Asked Questions

What are the key features to look for in an RTLS asset tracking system for manufacturing facilities?

Key features for manufacturing facilities are important. First, they need high location accuracy. This can be achieved using technologies like UWB or BLE. Second, real-time tracking and alerts are essential. Third, using durable RTLS tags is critical for harsh environments. Lastly, it is important that these systems can work well with existing MES or ERP systems. This helps to optimize workflows and make the best use of valuable assets.

Are there customizable options available for tailoring an RTLS asset tracking system to specific industry requirements?

Yes, RTLS asset tracking has options that can be customized to fit different industry needs. It is scalable, meaning the system can be adjusted for specific purposes. With advanced technologies, it offers flexibility and customization to ensure it works well for your requirements.

How much do asset trackers cost?

The cost of asset trackers varies widely based on the technology used, features, and the intended use case. For example:

RFID Tags: These are relatively low-cost options, typically ranging from $0.10 to $5 per tag, but require a reader infrastructure that can add to the cost.

Bluetooth Low Energy (BLE) Trackers: They range from $5 to $50 per device depending on battery life, durability, and other features like environmental monitoring.

Ultra-Wideband (UWB) Trackers: UWB tags offer higher accuracy and cost $20 to $100 per unit. They are commonly used in precision-based industries.

GPS Trackers – These are for outdoor tracking, and their price varies, from $30 to more than $200, according to whether it supports features such as geofencing and cellular connectivity.

The overall cost of deploying a tracking system includes not just the tags but also infrastructure (e.g., readers, gateways, and antennas), software, and maintenance. When selecting an asset tracking solution, consider both initial costs and the long-term ROI based on the operational improvements achieved.

What is real-time asset tracking?

Real-time asset tracking makes use of sophisticated technologies to constantly track and log the whereabouts and status of physical assets in real-time. It basically includes:

Tags or Sensors: These are fitted to the assets, transmitting information on the location, status, or movement of an asset.

Network Infrastructure: Ultra-Wideband (UWB), Bluetooth Low Energy (BLE), RFID, Wi-Fi, or GPS technologies enable tags to communicate with a central system.

Tracking Software: It offers a graphical user interface to view, track, and monitor the location of assets along with its associated data.

Real-time tracking equips organizations with instant information, which leads to proactive decision-making. For instance, it prevents production delay in manufacturing by locating missing tools at an instant, improves warehouse inventory management, and facilitates patient care in healthcare by tracing critical medical equipment.

What is the difference between RFID and RTLS?

Both RFID (Radio Frequency Identification) and RTLS (Real-Time Location Systems) are utilized for asset tracking, though they serve different purposes and work in different ways:

Technology:

RFID uses electromagnetic fields to detect tags within a defined range. A passive RFID tag receives power from the reader, while an active RFID tag contains its own power source.

RTLS is a more comprehensive system that may involve the combination of one or more technologies, including UWB, BLE, or Wi-Fi, in order to deliver constant, real-time tracking of an asset’s location.

Tracking Ability:

RFID normally gives location data only when a tag is scanned by a reader and, therefore, is only good for point-in-time identification.

RTLS offers constant tracking with sub-meter accuracy and real-time location updates without manual scanning.

Application Scenarios:

RFIDs are also used because they are relatively inexpensive and easy to install, hence used in inventory management, retail item tagging, and access control.

RTLS is suitable for environments such as hospitals, manufacturing plants, and large warehouses that require real-time visibility of assets and their movement.

Infrastructure Complexity:

RFID systems are required to have strategically placed readers for scanning tags.

RTLS involves a network of anchors, gateways, or sensors for real-time location triangulation, which makes it more complex but offers greater capabilities.

The choice between RFID and RTLS depends on the specific needs, such as the level of location accuracy, scalability, and real-time visibility required for your operations.

Need a Budgetary?

Contact Us

Not big on reading? Let us reach out to you to answer any questions one on one.

Phone

INDIA: +91-92235 70763
US: +1-713-730-9795
DUBAI: +971 54 326 7181

Email

info@locaxion.com

    Scroll to Top