ROI for IoT implementation in Inventory Management
- Optimizing the stock level at all time
- Enable Omni-channel sales approach
- Anti-counterfeiting
- Capture missed revenue
- Avoid fraud risks
- Space optimisation & visibility
- Simplify & speed up inventory processing
- Increased inventory accuracy
- Eliminates out of stock / unavailability of goods
- Space optimisation & visibility
- Speed up inventory stock take / cycle count / auditing
- Minimize inventory searching time
- Eliminate human mistake
- Improve efficiency of sales return
- Intelligent procurement with demand planning
- Reduce inventory size
- Eliminate excess order / overstock
- Pilferage
- Accidental loss
- Waste of goods expirations
- Damages due to non-optimum storage condition
- Write off
- Eliminate wrong inventory distribution shipment
ROI for IoT implementation in Asset Management
- Always has sufficient equipment to treat patients
- Asset availability & visibility
- Hygiene control and compliance
- Simplify and speed up asset processing / management
- Minimize asset searching time
- Eliminates asset shortage / unavailability
- Speed up asset stock take / auditing
- Eliminate human mistake
- Intelligent procurement with demand planning
- Maximize usage; avoid asset being idle
- Eliminate access of asset
- Reduce asset size
- Misplace or lose
- Pilferage
- Accidental loss
- Damages due to improper maintenance