RTLS can help multi-sized organizations get more out of their existing capacity while reducing costs. Many organizations in industries including healthcare, transportation and manufacturing have achieved significant cost savings. Equipment and people tracking systems achieve a high ROI and a quick payback in many areas of their operations because of reduced equipment needs, reduced rentals, and reductions in the amount of equipment that has been lost or misplaced. These returns donâ€™t take into consideration the increases in staff productivity because of the ability to locate equipment and people with ease.
On the other hand, optimizing flow is perhaps the most immediate way to improve operating margin and control increased demand for access. There is a complex set of processes that must be in place to assure that hospitals can quickly place patients in appropriate beds, with the right staff and the right equipment needed for their care.
Purelink Technology RTLS solutions increase the visibility of assets, patients and staff, allowing you to manage your operations more efficiently. When a hospital employee has to spend time searching for equipment, the organization loses money, not to mention the potential loss of a life if the employee canâ€™t locate it in time. Or when a plant foreman has to keep extra equipment or inventory on hand because his team isnâ€™t able locate it. Whether you are a hospital, an airport or a factory, use of your staff time to search for equipment visually, does not generate value. When employees are reactive rather than proactive, you have a lack of control over your environment.
The ROI of any investment is sometimes difficult to measure. However with a location management system, savings can be measured in terms of man-hours gained or the reduction in inventories, increase in throughput or reduction in the amount of parts on the assembly line for just-in-time manufacturing. Some of our clients achieved some impressive results. For example one client realized more than $300,000 in savings from avoiding new equipment capital expenditures based upon a better understanding of the actual utilization of equipment. Another client, European hospital, reported monthly savings of $5,000 - $10,000 due to economies realized from avoiding specific renting certain equipment. And finally a local hospital achieved total savings on mobile asset management expenses of 70%, or more than $530,000!
In many cases, savings that can be attributed to itâ€™s hard to attach a value to lost, stolen, misplaced equipment since the values can range widely. Purelink Technology has seen items like $13,000 EEG unit or a $60,000 apheresis machine disappear for days at a time while hospital staff spends countless hours looking for them.
Any size of hospital, airport, seaport, manufacturing or transportation organization can benefit from a location asset management system. Whether itâ€™s an independent community hospital that has fewer equipment resources or a large manufacturing plant that has numerous physical assets that cover millions of square feet located on many buildings, without the ability to locate equipment in real-time, the organization misses out on opportunities to optimize their resources.