In the rapidly evolving world of manufacturing, logistics, and healthcare, keeping track of assets in real-time has traditionally been a cumbersome and costly process. However, RedLore Canada Inc., a trailblazer in the Internet of Things (IoT) space, is changing the game with its innovative Real-Time Location Systems (RTLS) solution. Founded in November 2018 by Niek Van Dierdonck and a team of seasoned professionals in supply chain operations and IoT development, RedLore is on a mission to streamline how material flows are monitored across various industries.
A Leap Towards Efficiency
RedLore’s RTLS technology is designed to eliminate the outdated manual processes of counting, barcode scanning, and RFID scanning that many manufacturers, distributors, logistics providers, and healthcare organizations still rely on. By introducing low-cost IoT tags with built-in machine-learning capabilities that can be attached to equipment, inventory, reusable packaging, and even work-in-process, RedLore offers a comprehensive solution that provides real-time insights into the physical location and condition of assets. This breakthrough technology not only boosts operational efficiency but is also trusted worldwide by leading brands such as Amazon, Maersk, Valmet, John Deere, ATS Healthcare, SGS, and Vaxcyte.
The Wire-Free Advantage
What sets RedLore’s RTLS solution apart is its completely wire-free infrastructure, a feature that significantly reduces installation time and costs. Traditional RTLS systems require extensive wiring for power and data, which can be both expensive and time-consuming to install. RedLore’s innovative approach uses infrastructure hardware devices, known as anchors, that can be easily attached to walls, ceilings, or columns using industrial adhesive tape. As they do not require any wiring to the IT network or even to the mains power network, this not only makes the installation process much quicker but also lowers the initial cost to an impressive $1/m² ($0.09 per sq. ft), achieving a cost reduction of 75% to 85%.
Transforming Industries with Real-Time Insights
The impact of RedLore’s RTLS solution on various industries is profound. In industrial manufacturing, for instance, the tracking of mobile equipment with RTLS technology can reduce the need for such equipment by 17%, as everything can be accounted for and retrieved in real-time. Meanwhile, manufacturers can reduce stock obsolescence and stockouts by 90% by having accurate real-time data on spare parts and raw materials. Logistics companies also benefit greatly, with the potential to eliminate 95% of scanning operations and receive immediate alerts for incorrect loading or unloading activities.
RedLore’s RTLS solution finds applications in a wide range of areas, including indoor and outdoor asset tracking, real-time automatic inventory management, asset monitoring, safety tracking of personnel, equipment location and utilization, dwell time monitoring, consignment stocking, vendor-managed inventory (VMI), and automatic loading and unloading detection. This versatility underscores the solution’s potential to revolutionize asset management across multiple sectors.
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Conclusion
With its wire-free RTLS solution, RedLore Canada Inc. is not just reducing installation time and costs; it’s paving the way for a future where real-time asset management becomes the norm rather than the exception. As industries continue to recognize the value of RTLS technology in reducing operating costs, increasing efficiencies, and improving customer service, RedLore stands at the forefront of this transformative movement, ready to lead the charge into a more efficient and connected world.