Techsolutions supplies RFID Vehicle Inventory Management Solution to Park Village Auctioneers

Johannesburg, 11 Oct 2011

One of The Innovation Hub's occupants, Techsolutions, has developed a technology solution that assists Park Village Auctioneers with the tracking thousands of repossessed vehicles across the country.

Park Village Auctioneers (PVA) is the largest auction house of repossessed vehicles in South Africa. At any time, PVA manages between 3 000 and 6 000 vehicles at 10 different locations.

Techsolutions assisted in migrating PVA from a manual tracking solution using Excel spreadsheets to an automated RFID-based inventory management solution.

When a new repossessed vehicle arrives at a site, it is tagged with an RFID tag and details from the vehicle licence disk are linked to the vehicle's details.

The data is uploaded to an online database using a handheld RFID/bar code scanner. All relevant parties including site managers and financial institutions can log in to the Web site and view vehicle details and movements.

“Taking inventory is now fast,” says Eon de Koker, CEO of Techsolutions. “It takes about one hour to scan 1 000 vehicles, so it can be done on a daily basis instead of monthly. The frustrating month-end stock-take bottleneck has now become a legacy. Accuracy has also been improved substantially,” he says.

Techsolutions also hosts the solution, which is used internally by all PVA branches, as well as by Standard Bank, Nedbank, BMW Motor Finance and other financial institutions.

Watch the video for further information: http://www.youtube.com/watch?v=A7NfvRNdJXk

The Innovation Hub

The Innovation Hub - Africa's first internationally accredited science and technology park and a full member of the International Association of Science Parks (IASP) - is the leading knowledge-intensive business cluster in South Africa.

Strategically located in Pretoria, Gauteng - South Africa's executive capital and 'smart' province - The Innovation Hub's intelligent community has become a regional centre of innovation and knowledge creation, linked to the fast-moving world of global interconnectivity.

The Innovation Hub has created a unique space for hi-tech entrepreneurs, world-class businesses, academics, researchers and venture capitalists to meet, network and prosper. Its value-adding business support services contribute to the growth and globalisation of technology-rich enterprises in an environment that promotes innovation and enhances competitiveness for knowledge-based businesses.

For more information, visit http://www.theinnovationhub.com.

Techsolutions

Techsolutions is the leading supplier of asset tracking and asset visibility solutions. Over the past 10 years, Techsolutions has supplied solutions to leading organisations such as SANRAL, Portnet, Airports Company of SA, Department of Trade & Industry, National Prosecuting Authority, BHP Billiton, Namibia Polytechnic, Botswana Bureau of Standards, Bakwena Toll Concessions and Park Village Auctioneers. Techsolutions is also involved in research projects with leading academic institutions such as UP and NW Universities and a member of the SABS steering committee on auto-identification (bar code and RFID). For further information, visit http://www.techsolutions.co.za.

Editorial contacts