Supply Chain Management
Smart Inventory Monitoring on Storage Racks
A smart inventory management system that reduces supply disruption and improves inventory management by tracking inventories on the racks and automatically triggering stock replenishment.
Technology overview
Conventional inventory replenishment by the central warehouse or suppliers is done by deploying manual labour to check the stock quantity and to top up to its optimal level. Such a process is often very laborious and not timely, resulting in operational disruptions when supplies are depleted.
RP has developed a solution that enables efficient inventory management by tracking the inventory items on the racks and automatically triggering stock replenishment.
This technology can function as a stand-alone system or be integrated into the existing inventory systems through API calls.
Technology features
Uses a suite of weight & proximity sensors and Internet of Things (IoT) technologies to improve the detection & monitoring of inventory levels and the replenishment process
A near real-time inventory monitoring
Can be set up on an existing rack or fabricated as a new rack
Customisable to suit items of different dimensions and sizes
Potential applications
Healthcare industry (hospitals and biomedical companies)
Unmanned storage rooms
Maintenance, Repair and Overhaul Operations
Benefits
Cost-effective
Timely inventory replenishment
Improvement in productivity
Easy to set up and operate
Commercialisation
This technology is available for licensing and technology transfer.
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