What is IoT in Inventory Management
Smart inventory management using IoT devices provides real-time visibility across warehouse, production and distribution centers. Strengthening legacy inventory management systems with the quality and data that IoT sensors and systems can provide helps to lower inventory costs and reduce inventory management errors.
Application in Inventory Management
Retail & Warehouse
Retail and Warehouse is embracing Internet of Things (IoT) transformation. Currently, sensors are being used to monitor customer satisfaction, provide supply chain insights, monitor food safety, and track assets.
Tagging & Scanning
RFID and the Internet of Things as we understand it today, have a strong historical relationship with manufacturing, warehousing, consumer goods and retail.
Asset analyzing & monitoring
Simple inventory management software, data monitoring and analyzing for easy tracking on asset and goods.
Benefits:
- Captures real-time data
- Highly accurate
- Enables to track assets precisely based on color, size, shape, location etc
- Enables accurate and item-wise asset monitoring
- Helps avoid stock-outs and excess inventory
- Improves customer experience
- Total control over inventory
- Organized warehouse for seamless management
- Helps identify inventory levels whenever needed
- Integration with sales data
- Enables remote tracking
- Helps optimize the entire inventory process for maximum efficiency
- Improves efficiency logistics and supply chains
