ASSET MANAGEMENT FOR EL SEWEDY

Background

  • El Sewedy University is a private university in Egypt, established in 2009 under the supervision of El Sewedy Foundation. The university is located in 6th of October City, Giza Governorate. Its mission is to provide high-quality higher education that aligns with international quality standards, and to equip students with the knowledge and skills necessary to contribute to the development of the industrial and technological sectors.
  • The university offers undergraduate and postgraduate programs in a variety of fields such as engineering, business administration, computer science, and other disciplines aligned with labor market needs.
  • The university is committed to obtaining both local and international accreditations to enhance the quality of education. It continuously works on developing academic programs in line with best global practices.
  • It provides a modern learning environment equipped with the latest technologies and facilities, and is distinguished by highly experienced faculty members.
  • The university has partnerships with several major companies in Egypt and around the world, which helps in training students and providing them with job opportunities in various industries.

Challenges

  • The traditional inventory process relies on a team of employees who manually record assets. This makes the process prone to human error, such as incorrect data entry or forgetting to record certain assets. It can also be very time-consuming, especially when dealing with a large number of assets.
  • Sometimes assets are lost or their locations are not accurately tracked. In manual inventory, updating data may take days, leading to delays in knowing the status or location of assets.
  • During traditional inventory, procedures often need to be repeated when assets are missing or not properly documented. This forces the team to re-check and re-inspect manually, consuming more time.
  • When assets are distributed across multiple sites or departments within the university (such as libraries, labs, and classrooms), coordinating the inventory process among different teams becomes difficult. Each department may rely on its own methods.
  • Traditional systems make it hard to conduct accurate analysis or generate detailed reports on assets. Data may be outdated or contain errors, making it difficult to make informed decisions.

Solutions

  • RFID (Radio-Frequency Identification) is a technology that uses radio waves to read and write data stored on an electronic tag remotely using a reader device. It can be used to perform inventory in a more accurate and efficient way.
  • An RFID tag is attached to each asset at the university. This tag contains unique information about the item, such as its serial number, type, brand, and its location on campus.
  • Employees are provided with RFID readers that automatically read tags and record data.
  • RFID readers are integrated with asset management software that stores data in a central database and updates information in real-time.
  • Technical support and routine maintenance are provided for the devices and system to ensure continuous effective operation.

Effects

  • Using RFID technology significantly reduces human error, as data is read automatically without manual input.
  • Inventory is conducted much faster compared to traditional methods. Data from assets can be read in seconds, minimizing the time spent on the process.
  • Thanks to RFID technology, asset locations can be tracked in real-time. If an item is moved, the system can instantly update its location.
  • RFID helps reduce asset loss, as each item can be accurately tracked. Even if an item is lost, the last recorded location can be retrieved.
  • The system can generate detailed reports about asset status, such as those requiring maintenance or that have exceeded their lifecycle.