Smart Inventory System using IoT and Cloud Technology

Authors

  • Vijaya N. Aher Vishwakarma Institute of Information Technology, Pune, India
  • Rahul S. Pol Vishwakarma Institute of Information Technology, Pune, India
  • Sandeep V. Gaikwad SCTR’s Pune Institute of Computer Technology, Pune, India
  • Daulappa G. Bhalke Dr. D. Y. Patil Institute of Technology Pimpri, Pune
  • Ajay Yadaorao Borkar Cusrow Wadia Institute of Technology, Pune
  • Mahesh T. Kolte Pimpri Chinchwad College of Engineering Pune

Keywords:

IoT, Cloud Server, Android application, ESP 32, Smart Inventory, Industrial Automation

Abstract

A smart inventory system is a computational time efficient system that helps businesses to manage and track their inventory levels, orders, and deliveries. It facilitate companies to have real-time visibility into their inventory and helps them make more informed and quick decisions about restock and how much to order. One key feature of a smart inventory system is its ability to automatically reorder items when they reach a certain threshold, eliminating the need for manual intervention. This helps to ensure that businesses always have the right amount of inventory on hand, reducing the risk of running out of stock or having excess inventory that takes up valuable storage space. This paper include deployment of this system in real world which benefits to handle smart inventory system with  improved accuracy 30% and efficiency in inventory tracking around 10%, reduced lead times for ordering and restocking, and the ability to track inventory across multiple locations. This paper briefly elaborates the implementation of smart inventory system that greatly improves a business's inventory management process, leading to increased profitability by more than 50%, average foot fall increased to 25% and reducing the waiting time of customer by nearly 75% making customer more satisfied.

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Published

10.11.2023

How to Cite

Aher , V. N. ., Pol , R. S. ., Gaikwad , S. V. ., Bhalke, D. G. . ., Borkar, A. Y. ., & Kolte, M. T. . (2023). Smart Inventory System using IoT and Cloud Technology. International Journal of Intelligent Systems and Applications in Engineering, 12(4s), 187–192. Retrieved from https://ijisae.org/index.php/IJISAE/article/view/3766

Issue

Vol. 12 No. 4s (2024)

Section

Research Article

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