TECH OFFER

Inventory Tracking System

KEY INFORMATION

TECHNOLOGY CATEGORY:
Infocomm - Enterprise & Productivity
TECHNOLOGY READINESS LEVEL (TRL):
LOCATION:
Singapore
ID NUMBER:
TO174244

TECHNOLOGY OVERVIEW

Inventory Tracking System is a Radio-frequency identification (RFID) and barcode-based software platform that promotes inventory visibility. At the most basic level, knowing when stock is going in and out can help lower costs, speed up fulfillment, and prevent fraud. This also provides clarity on the current assets, helps balance the accounts, and provides timely financial reporting.

TECHNOLOGY FEATURES & SPECIFICATIONS

The Inventory Tracking System aims to be the platform that provides the stakeholders with timely information relating to the inventory/asset. Standard features pertaining to stock accuracy (stockin/stockout/stocktake) are covered comprehensively and the product also includes a unified hardware layer for interfacing to more hardware so that the adopter do not have to be restricted to certain brands either due to cost consideration. Other validated improvement achieved includes: At least 50% productivity improvement in locating of items At least 30% productivity improvement in stock taking and asset auditing At least 50% productivity improvement in report generation

POTENTIAL APPLICATIONS

Technology has been deployed across many sectors to aid inventory tracking. Examples of such sectors includes

  • Maritime Industry
  • Manufacturing Industry
  • Logistic and Supply Chain Industry

    Technology can also be incorporate as a component in a bigger system. However, such integration would require further detail study to firm up the requirements.

  • Benefits

    The current version has consistently achieve a productivity gain of more than 60% for over 300 deployments. While inventory management is not “rocket science”, the consistency and the ease of adoption is a unique selling point.
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