Seeking Technologies to Address Inventory Overflow

Background

YCH is seeking a technology to address the issue of inventory overflow. During peak periods, we may face the issue of insufficient storage space for these surges of incoming goods exceeding our warehouse capacity.

 

Requirements

We are seeking solutions that are able to mitigate the issue of inventory overflow.

We are open to various types of solution, for example:

  • Sharing economy Airbnb-like platform to access a network for on-demand warehousing, fulfilment and logistics services
  • Predictive Analytics to predict surges and recommended courses of action to mitigate inventory overflow
  • Artificial Intelligence / Machine learning engines for storage infrastructure or algorithms to pre-emptively optimise space allocation of incoming goods

We are open to any other solutions that may address the issue of inventory overflow at our warehouses.

Minimum Required Technology Readiness Level (TRL)

Level 7

 

Desired Outcome

We are aiming for 20% improvement of space utilisation, and 50% reduction in time taken to find inventory overflow locations with the solution.

 

Development Timeframe

1 year.

 

 

Further Details

Further details of the challenge statement may be found at the Briefings Page, in the form of video recordings of the virtual briefing sessions, Q&A transcripts and presentation slides if available.

 

 

Instructions on Submitting Proposals

Download the proposal submission form in Microsoft Word format at the 'Attachment' section of the Challenge Statement Listing Page and fill in the details of your project proposal. You can then proceed to the proposal submission page by logging in and clicking the 'Submit Proposal' button on the right side of this page, where you will have to fill in the form fields and attach the filled Microsoft Word project submission form before submitting. Do also upload supporting documents/files that may support your proposal.

 

Challenge

TCC Enterprise

Organisation

YCH Group Pte Ltd

Themes

Big Data, Data Analytics
Resource Sharing, Digital Platforms
Process Enhancements

Proposal submissions are open from 22 Jul 2020 to 29 Sep 2020