IoT Based Asset Tracking and Automatic Inventory Management System

Project Title

IoT Based Asset Tracking and Automatic Inventory Management System

Project Area of Specialization Internet of ThingsProject Summary

Managing assets becomes much easier with IoT-enabled asset tracking solutions, which allows to remotely track the equipment and fleets, enabling the system to reduce risk and save money. IoT solutions for asset tracking make it easy to connect and manage all your assets from a single web-based IoT portal. this level of insight helps you understand where assets are, how they are being utilized, and what actions need to be taken to keep assets in play at all times. There's no more guesswork. This feature is useful if you need to optimize your warehouse stock and maintain an accurate log of each product’s location. It’ll give you a single view of where all of your products are stored. Using this System is essential to tracking inventory items and ensuring smooth functioning operations while items are constantly in movement throughout any storage facility.

A properly integrated asset management solution can help the organization accurately and efficiently track any of the assets.  As the main concern is to have accurate information on each specific item, like location and its condition. The asset tracking software is the brains behind any system as it is the source of all our asset information and dictates how you interact with this information. Normally, we will be running an instance of the software on a desktop PC while the mobile devices will have a stripped-down version of the software for functions needed in the field. Depending on our need for real-time or batch updates, certain software will support one or the other. The desktop instance will contain the full detailed database of assets, allow printing of labels, and run a variety of reports. Reporting is a very important aspect of any tracking software as this will give you greater visibility into your collection of assets.

Project Objectives

Objectives: 

1. Tracking Asset movement 

Keeping track of our assets has been a fundamental human activity since the beginning of time. Ever since the concept of ownership came into being, people have assigned intrinsic value to items and have needed to know their physical location so that they could be retrieved later. Here’s no doubt that managing assets is a vital task for any business. Businesses that deal with moving assets need to know where they are so that a proper chain of custody can be documented.

A system for tracking assets is much more effective than tracking items manually through the spreadsheet. And today's smartphones make it easy for any organization to electronically keep the tabs on their assets.

 2. Desktop GUI for Inventory Management

An inventory management system has several critical components. At its core, inventory control works by tracking the two main functions of a warehouse: receiving (incoming) and shipping (outgoing). Other activities such as the movement or relocation of inventory also take place. Raw materials are decremented and finished goods are incremented.

Creating the User Interface (UI)

Our inventory system comprises four pages:

• Current Inventory
• Incoming New Items
• Withdrawl
• Reports

Below are the 8 best free and open source Inventory Management Software systems that promise to offer maximum inventory efficiency. Use the one that fits your need and go ahead with your order, pick, pack and delivery without any friction.

Project Implementation Method

• RFID Tags
  •  Contactless RFID tag technology brings speed, precision, efficiency and safety to an increasing range of applications. RFID Tags aresmall objects which, with the help of an RFID reader, contain a chip and antenna for wireless identification of the objects to which they are attached (or embedded in).
• Development of RFID reader using open-source technology
  • In all industrial and social fields the automation process requires vast amounts of data processing. Using Automatic Identification or Auto ID, data collection and control technologies can be upgraded by collecting and processing data in real time, without human involvement.
• RFID reader data sharing with database
  • The current form of this technology known as radio frequency identification, or RFID, has three building blocks: small tags mounted around microchips carrying a digital identification code; scanners often known as readers; and networking hardware and software linking scanners to computer databases.
• GUI development for inventory management
  • This project aims to develop IMS software that can store data on large amounts of items. In addition, it has function of check-in / out

Benefits of the Project

Indoor Asset tracking and management for Sukkur IBA University, Department of Electrical Engineering Laboratories.

• Tracking all of the assets from one central location.
• Maintaining a systematic record of inventory.
• Keeping accurate records of equipments.
• Accessing the equipment status online.

Technical Details of Final Deliverable

Technical details of the Final Deliverables:   An Open source Asset tracking and management platform for indoor applications.

Final Deliverables: An Open-source Embedded System Platform which can be readily deployed for various Indoor Asset Tracking and Management applications.

Final Deliverable of the Project HW/SW integrated systemCore Industry OthersOther Industries Security Core Technology Internet of Things (IoT)Other Technologies OthersSustainable Development Goals Decent Work and Economic Growth, Industry, Innovation and InfrastructureRequired Resources

Item Name	Type	No. of Units	Per Unit Cost (in Rs)	Total (in Rs)
			Total in (Rs)	43700
Raspberry pi	Equipment	1	9000	9000
WiFi Shield	Equipment	1	4500	4500
Battery Li-ion 1000mAh 3.7V	Equipment	10	220	2200
RFID Tag	Equipment	10	250	2500
RFID Receiver	Equipment	2	6000	12000
BLE beacon tag	Equipment	10	500	5000
BLE reciever	Equipment	2	2000	4000
Memory card 32GB	Equipment	1	2500	2500
Miscellaneous	Miscellaneous	1	2000	2000