Ask yourself this simple question, where does a company lose most of its money? For a myriad of businesses the answer is precise INVENTORY CONTROL! A large majority of them don’t even realize the amount of money they are losing, since they don’t have a proper asset management system set in place. The main reasons that lack of inventory control results in monetary loss is there are poor records for what products are being used, who is using them, when they are being used, and where they are going or coming from. All this information is vital for precise inventory tracking, counting, and monitoring.
Losing cash for frivolous reasons is only half of the problem. Wasted time is the other, since there are only so many hours in a day companies are always looking for ways to become more labor efficient. The amount of wasted time looking for lost inventory (that is rarely recovered) and the amount of stress and hassle accompanying it is detrimental to maintaining a self-efficient workforce. Often multiple people are hired on salary solely for the purpose of counting inventory. Not only is that tens of thousands of dollars that could be put towards better uses, but it also slows down multiple business processes due to a lack of labor efficiency. This all wouldn’t be necessary if there was a way to efficiently and effectively regulate inventory.
Even having to manually scan every product’s bar code is incredibly time consuming when compared to the next era of inventory management. The future is WIRELESS inventory management! The power of wireless lies in its ability to provide VALUE to any organization. By effectively using RFID (Radio Frequency Identification) technology, any business will be able to immensely increase labor efficiency and drastically decrease inventory costs, which results in a high ROI (return on investment)!
Here is an example of how RFID can save any business TIME and MONEY! Heart catheterization labs at hospitals lose hundreds of thousands of dollars every year simply because they have poor proper inventory control measures in place. Instead of nurses focusing on sick patients (aka their job), they have to go into every cath lab at a hospital and manually count all the inventory in the rooms multiple times per week. WHAT A WASTE! Not only does this bring into account the human error of manually counting, but it is very labor inefficient since it wastes hours a day. Now imagine just one of these nurses being able to spend the total of one hour a day walking through all the cath labs and waving a “magic wand” around, which counts everything in the room and organizes it into a computerized database. This is the power of WYZE-SCAN(TM), which is a wireless inventory management system!
WYZE-SCAN(TM) works by simply adhering a smart RFID label to the inventory inside of the Cath Lab. The tags have a small antenna that is able to emit radio signals that carry small bits of information about the product it is attached to, such as the product’s name and expiration date. All one has to do to precisely count and track every product in the room is to wave around the wireless hand held scanner called the “magic wand.” The scanner picks up the radio signals of every product and does an inventory count with astounding precision in a fraction of the time it would take someone to hand count every item in the room. Reports can be generated for items that have expiration date codes, replenishment lists, and costs of procedures for each doctor and patient.
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