Case Study on Warehouse Division of Pharmaceutical Industry

Issues

These issues can significantly impact a factory’s overall performance, leading to:

• Inaccurate inventory levels leading to stockouts and overstock situations.
• Difficulty in tracking expiration dates and managing FIFO (First In, First Out) inventory rotation.
• Challenges in maintaining and monitoring the required temperature and humidity levels.
• Risk of regulatory non-compliance due to improper storage condition.
• Time-consuming and error-prone manual inventory tracking processes.
• High labor costs associated with physical inventory counts.

Challenges

• Maintaining precise inventory counts to prevent stockouts and overstocks.
• Continuously monitoring storage conditions to meet regulatory requirements.
• Preventing product spoilage due to improper storage conditions.
• Reducing the time and labor involved in manual inventory counts.

Objectives

• Achieve accurate and real-time inventory levels.
• Efficiently manage expiration dates and FIFO rotation.
• Always maintain proper storage conditions.
• Implement automated systems for inventory tracking.

Solution

• Deploy RFID and IoT sensors to track inventory levels and locations in real-time.
• Use automated systems to monitor expiration dates and manage FIFO rotation.
• Install IoT sensors to continuously monitor temperature and humidity levels.
• Set up automated alerts for any deviations from required storage conditions.
• Utilize IoT-based data collection tools for real-time inventory tracking.
• Implement analytics to provide insights and predict inventory needs.

Results

• Achieved a 95% reduction in inventory discrepancies.
• Efficiently managed expiration dates, reducing product waste by 20%.
• Maintained optimal storage conditions, ensuring regulatory compliance.
• Prevented product spoilage, improving product quality and safety.
• Reduced labor costs by 30% due to automated inventory tracking.
• Minimized human errors, increasing overall operational efficiency.