20jun

How the Internet of Things (IoT) will Transform Inventory Management

How the IoT Could Impact Inventory Management

Right now, cloud-based inventory systems are able to track items in real-time. Products usually have either an RFID tag or barcode label so they can be scanned and identified by the system. Currently, this is how systems are able to provide visibility into inventory levels, expiration dates, item location, forecast demand, and more.

With the IoT, the ability to track and communicate with products will greatly increase. For example, RFID tags will hold more info about an object, and communicate that to an inventory system. Built-in RFID tags can send info about temperature, weather, damage to the object, traffic, etc.

Built-in GPS location allows you to know exactly where every item is. Every object will have its own unique identifier. As a result, you will be able to pin-point each and every item or piece of equipment. This will greatly decrease shrink, stock shortages, overstocks. Also, you can better identify which areas are efficient and which are not. For example, are shipments getting stuck in traffic at a certain time of day? Are items selling better at certain locations? Perhaps there are certain processes that are damaging items. Do you know much food spoils on each shipment? Well, IoT can answer all these questions and more.

The ability to view, track, and monitor inventory will improve enormously with the IoT. Inefficiencies that you never noticed will become simple to spot and take action on. Although still in an early stage, the IoT carries enormous potential for both consumer and company.

Voorbeelden van Oplossingen:

MONITOR EVENTS LIKE NEVER BEFORE

Smart Tag is a battery powered Bluetooth Low Energy (BLE) enabled wireless sensor device. The Smart Tag monitors Equipment, Temperature, Light, door open/close, and Movement and retains these in its internal memory for later retrieval. Smart Tag is easy to install and can be installed in less than 5 minutes. Any BLE/ iBeacon enabled mobile application can detect all Smart Tag enabled CDE’s in a 50 feet radius. The Smart Hub, Smart Core or Virtual Hub can collect this data on proximity and upload to our cloud platform for processing.

Key Features

  • Contactless asset tracking and asset inventory
  • Proximity based local communication, control and firmware updates
  • Communication over BLE (Bluetooth 4.1)
  • iBeacon/ BLE/ Eddystone driven consumer engagement and proximity solutions
  • Temperature, light, door open/close and movement sensing
  • Optional indoor movement detection using accelerometer
  • 5+ Year Battery Life

THE MOST POWERFUL CAMERA BASED IOT DEVICE

SmartVision can be configured when or on which events pictures are to be taken. Pictures are compressed for transmission and finally processed in the backend. Image Analysis technology incorporated in the Smart platform converts the pictures into valuable analytical data. Image analysis technology identifies each product visible in the image and segments the information to provide detailed planogram analysis. This information includes SKU identification at each individual position on each shelf. Hence this information can be used to identify Purity, Out of Stocks, Shelf Voids and Planogram analysis, relieving Business developers from frequent store visits. Further, this information can be aggregated easily at levels such as store, territory, store type, product, product category and so on.

Key Features

  • Bluetooth LE Beacon
  • Contactless Asset Tracking
  • 5+ Year Battery Life
  • Peel and Stick
  • Easy to Retrofit
  • Usage (Door open/close events)
  • Indoor Movement Tracking
  • Non-Volatile Storage
  • Two cameras to capture facings
  • Image analysis to identify:
    – purity
    – out of stock
    – shelf voids
    – sale by shelf
    – sale by SKU
    – planogram compliance

INTERFACE WITH THE CLOUD

SmartHub is an AC powered device that collects and manages data from wireless and wired sensors, handles communications functions, and interfaces with the backend cloud platform. The device is a GSM enabled IOT gateway that connects BLE based IOT edge devices to the cloud by acting as a near real time communication bridge. Hub can connect to the backhaul using GSM and CDMA.

Key Features

  • Contactless asset tracking and asset inventory
  • Proximity based local communication, control and firmware updates
  • IOT Gateway BLE Central
  • BLE Beacon
  • Indoor Movement Tracking
  • Environmental Humidity and Temperature Sensor
  • Non-Volatile Storage
  • Cellular Backhaul GSM or CDMA
  • GPS Based Location Tracking
  • Battery Backup
  • Ultra low power consumption

TAGS: