Real Time Location Systems offer the possibility of a short-term return on investment (ROI), which also opens up long-term potential.
This is always related to the measurable improvement of business processes that are imperative and/or offer high potential.
The first use case usually amortises the investment in less than a year and creates the basis for setting up further, even smaller or less measurable improvements as use cases in the future.
Some concrete examples where an RTLS can provide a return on investment (ROI) are:
- inventory management: An RTLS can help optimise inventory management by automating inventory tracking and improving inventory accuracy. Better ordering, faster finding and basic forecasting offer potentials.
- healthcare: An RTLS can be used in healthcare to demonstrate, manage and document hygiene processes and improve the efficiency of processes such as patient tracking, asset tracking and equipment management.
- manufacturing: An RTLS can be used in manufacturing to improve the productivity and efficiency of production processes by tracking the locations of materials, tools and machinery in real time. Savings in resources used, improvement of MES processes and compliance with regulatory requirements offer potentials.
- retail: An RTLS can be used in retail to improve the shopping experience by offering personalised recommendations based on the location of customers and products.
To ensure that an RTLS provides ROI, it is important to be able to achieve the expected benefits (possibly also through adjustments to the system) in order to provide the expected benefits. Further optimisations are usually only possible if an extension to additional use cases with different parameters can take place in the same system.
As safectory, we offer an open system with many possibilities that can be self-managed. Interested? Contact us at: track@safectory.com
