Project Overview
Our client, a leading pharmaceutical company, aimed to enhance their warehouse inventory management to ensure precise tracking, regulatory compliance, and operational efficiency. Faced with the need to streamline industry-specific elements such as batch tracking of pharmaceuticals, cold chain management, and compliance with stringent regulatory standards, the client sought a solution that would also optimize operational elements like equipment monitoring and automated processes. iotasol developed a comprehensive warehouse inventory monitoring system utilizing IoT sensors, smart cameras, and RFID tags. This solution provided real-time visibility into assets, optimized pallet usage, and enabled smart shelf management. By streamlining the monitoring process, our solution aimed to improve operational efficiency, reduce discrepancies, and enhance the overall traceability of pharmaceutical products.
Growth Tracking
70%
Reduction in inventory discrepencies
40%
Increase in operational efficiency
20%
Decrease in total
cost
Major Challenges
Inconsistent inventory tracking and frequent equipment malfunctions hindered operational efficiency.
Limited visibility into asset location and movement affected compliance and traceability.
Solution
iotasol's comprehensive solution integrated several advanced components to streamline warehouse inventory monitoring for the pharmaceutical company. IoT sensors and high-resolution cameras were strategically installed throughout the warehouse, enabling real-time visibility of assets, optimizing pallet usage, and ensuring smart shelf management. These sensors and cameras facilitated remote monitoring of equipment, detecting malfunctions such as conveyor belt jams, mechanical system issues, and container labeling and batching errors. To enhance inventory tracking, RFID tags were deployed for end-to-end monitoring, from shelves to trucks to stores. These tags were applied to batches of drugs and individual cartons or vials of biologics, ensuring supply chain visibility and compliance by tracking movement from fridge to cart to storage.
The solution also included the automation of key processes such as picking, sorting, packing, shipping, and storage, which significantly improved operational efficiency through the use of conveyors and automatic sortation systems. Data analytics played a crucial role by utilizing information from sensors, tags, and cameras to provide comprehensive insights. This data-driven approach helped identify trends, optimize operations, and ensure timely interventions. Additionally, RFID scanning was employed during drug loading and unloading processes to ensure accurate shipping orders and verify manifests during transitions from drug carts to trucks. Collapsible pallet boxes equipped with RFID technology further streamlined inventory tracking, and enhanced traceability during drug recall situations was achieved by enabling precise location tracking for each item in the warehouse.
Outcome
The implementation of iotasol’s warehouse inventory monitoring system led to significant improvements in the client's operations:
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Operational Efficiency: Increased by 40%, with automated processes reducing manual labor and improving accuracy.gy use.
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Inventory Discrepancies: Reduced by 30%, thanks to precise tracking and real-time visibility of assets.
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Regulatory Compliance: Significantly improved through enhanced traceability and accurate documentation of inventory movements.
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Traceability: Enhanced, especially during drug recalls, ensuring better control and safety of pharmaceutical products.
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Cost Savings: Achieved through optimized pallet usage, reduced equipment downtime, and efficient resource allocation.
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Employee Productivity: Boosted by automating routine tasks, allowing staff to focus on more strategic activities.
Client Stories
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