Smart inventory management using electronic sensor based computational intelligence

Abstract

With the advent of computational technology and digitalization of data, newer methods have been developed for inventory management using computational intelligence. Electronic Sensor based technologies combined with this intelligence can create a remarkable combination of inventory management, which can not only keep a thorough track of the goods required, but the system is also very easy to manage, as a consequence of which these sensors based smart inventory management system become very efficient in terms of preventing any mismanagement of goods. In this chapter, various such smart systems are discussed in detail by the author. The drawbacks of traditional inventory management system and the effect of computational intelligence on improvisation of these systems have been discussed in detail. The principle of operation, Design and Applications of RFID (Radio Frequency Identification), Load Cells and Ultrasonic sensor based inventory management systems are discussed in detail. Also, some recent advancements in inventory management like three-dimensional scanning system along with some other sensor based smart inventory systems proposed by the author have been discussed in detail. Methods on improving the portability and efficiency in terms of ease of use of such systems have been discussed in detail, which can be achieved using Bluetooth or wireless radio communication.