Unit 3, Chap 2
Unit 3, Chap 2
▪ Retail
▪ Logistics
▪ Industry
▪ Agriculture
▪ Health & Lifestyle
IoT in Retail
▪ Inventory Management
▪ Smart Payments
▪ Smart Vending Machines
Retail (Contd.)
▪ Inventory Management
▪ IoT system using Radio Frequency Identification (RFID) tags can help inventory
management and maintaining the right inventory levels.
▪ RFID tags attached to the products allow them to be tracked in the real-time so that
the inventory levels can be determined accurately and products which are low on
stock can be replenished.
▪ Tracking can be done using RFID readers attached to the retail store shelves or in the
warehouse.
Retail(Contd.)
▪ Smart Payments
▪ Smart payments solutions such as contact-less payments powered technologies such
as Near field communication (NFC) and Bluetooth.
▪ NFC is a set of standards for smart-phones and other devices to communicate with
each other by bringing them into proximity or by touching them
▪ Customer can store the credit card information in their NFC-enabled smart-phones
and make payments by bringing the smart-phone near the point of sale terminals.
▪ NFC maybe used in combination with Bluetooth, where NFC initiates initial pairing of
devices to establish a Bluetooth connection while the actual data transfer takes
place over Bluetooth.
Retail(Contd.)
▪ Smart Vending Machines
▪ Smart vending machines connected to the Internet allow remote monitoring of
inventory levels, elastic pricing of products, promotions, and contact-less payments
using NFC.
▪ Smart-phone applications that communicate with smart vending machines allow user
preferences to be remembered and learned with time. E.g: when a user moves from
one vending machine to the other and pair the smart-phone, the user preference
and favorite product will be saved and then that data is used for predictive
maintenance.
▪ Smart vending machines can communicated each others, so if a product out of stock
in a machine, the user can be routed to nearest machine
▪ For perishable items, the smart vending machines can reduce the price as the expiry
date nears.
Logistics
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