Example use case

Below are two examples which are indicative of the types of technology being sought:

Case one:

A vertically integrated business with production, administrative and logistics facilities faces a problem: it cannot confidently account for its assets and tools. Tools and equipment move between locations daily, yet the business lacks a clear picture of where they are, how they are being used, and whether they are maintained properly. Their current solution is labour intensive, slow and disruptive, meaning that their records are often incomplete and prone to error and making it difficult to trace movement or understand utilisation patterns. Stock counting is another pain point. They want a way to see what is stored without opening every container, to know how many assets remain in circulation, and to track their lifecycle from acquisition to retirement. They also need redundancy built into the system to ensure reliability, and the ability to run audits both on schedule and on demand without halting operations. The objective is simple, they are looking for solutions that can provide visibility into movement, usage, and condition, automate stock counting, and maintain a complete historical record of every asset. They are not prescribing how this should be achieved and they are open to ideas, whether partial or complete, that can transform their current processes, increasing efficiency, trust and accuracy through accurate, timely data.

Case two:

A multi-enterprise business has a requirement to replace their legacy inventory tracking systems with a new system(s) that can more effectively collect and aggregate timely inventory data and make it accessible to end users. Their current systems lack transparency, collect limited, low-resolution data and are laborious to utilise, making their inventory database prone to error. The business wants to significantly enhance data capture and localisation accuracy, to enable the creation of a virtual facility representation: a digital twin. This digital twin will support accurate asset tracking, capturing historical location data, utilisation and condition reporting for various asset classes and will improve the user experience. The business is considering what approach they want to take. They are open in scope and to novel approaches and different solutions, however ideally the future capability would operate not using Wi-Fi and could be deployed on-premise.