While many AIDC (automatic identification and data collection) and POS (point
of sale) VARs strive to reach $5 million or even $10 million in annual sales,
InfoLogix, Inc. has been able to reach the $55.6 million mark after just four
years in business. Specializing in wireless and mobile computing solutions,
InfoLogix has purchased five companies thus far that have helped this integrator
grow so quickly. For instance, one of its acquired software companies had
developed an RFID (radio frequency identification) asset tracking solution for
the lucrative healthcare vertical. “We typically focus on new mobility
technology and projects that provide growth opportunities for us,” states David
Gulian, CEO/president of InfoLogix. “We put 10% of our profits back into
research and development for new products and services in markets that are
evolving into the wireless world.” In 2006, Gulian expects a 15% sales growth
rate. That growth is split almost evenly between enterprise mobile solutions,
many of which are in the retail market, and healthcare.
Point Of Care Solutions Are In Demand
Since its
inception, InfoLogix has been selling solutions to healthcare clients such as
hospitals. Some of the products offered in the company’s Integrated Healthcare
Mobility Solutions (IHMS), as they are called, include wired and wireless
security systems, point of care mobile carts, fixed mount computer workstations,
bar code scanners and printers, RFID asset management systems, bed management
systems, and VoIP (voice over Internet Protocol) systems. The company designs,
implements, and supports all of the IHMS components. For example, one hospital
client turned to InfoLogix for a medication management application. Before
installing the system, the integrator conducted a workflow analysis to determine
the best devices to install for the new application. A wireless site survey was
also completed. InfoLogix then designed customized mobile carts equipped with
bar code scanners.
Using these carts, a hospital employee can scan a patient’s wristband and the
label of a medication at the point of care. The cart’s computer is wirelessly
connected to the hospital’s patient database and hospital information system. If
the computer confirms that the medication scanned is the correct type and dose
for the intended patient, the hospital employee administers the drug. Gulian
says that on average, his company installs one mobile cart for every four
patient rooms. With every healthcare facility in the United States concerned
about HIPAA (Health Insurance Portability and Accountability Act) compliance,
these kinds of solutions are currently in high demand. “Large hospital systems
offer the biggest potential for us because they want to increase patient safety
and care by implementing the latest technology,” states Gulian.
To attract healthcare clients InfoLogix exhibits at national trade shows such
as HIMSS (Healthcare Information and Management Systems Society) and attends
regional shows with healthcare ERP (enterprise resource planning) vendors such
as Siemens. The key contacts at hospitals for these solutions include the CIO,
VP of nursing, and chief security officer. InfoLogix also counts Dell Computer
as a customer of its healthcare solutions. Gulian says approximately 13 pages of
the Dell Web site are dedicated to InfoLogix solutions.
Develop Ways To Improve Inventory Management
With
healthcare, InfoLogix has five years of experience and a reputation in the
market that helps drive sales. Retail is another story, though. Retail is the
company’s newest market challenge, and according to Executive VP Craig Wilensky,
it’s a market with great potential. “Our concept is to bring the back office to
the retail floor,” Wilensky explains. “Our solution is an adaptation of the cart
concept we use in healthcare. We call it the Mobile Office.”
It’s no secret that a key pain point for retailers is inventory management.
Even with state-of-the art POS systems, most stores know that there are
exceptions that occur that cause inventory discrepancies. For instance, in a
grocery store, say a customer purchases three different flavors of the same
brand and size of dog food. At the checkout, the cashier sees that the three
bags are similar, so he scans only one of the bags three times to save himself
time. The POS software registers the transaction and updates the current
inventory, which now says that flavor X of the brand purchased is three less
instead of one less. To alleviate this problem, retailers often have employees
walk throughout a store’s aisles and look for overstocked and under- stocked
items. The employees use handheld computers to scan the inventory of these
items. That data is then compared to the POS system’s transaction data and the
store’s back stock inventory. Analyzing this discrepancy helps them determine
the correct amount to replenish, instead of relying solely on the POS system
numbers, which may cause another overstock.
InfoLogix’ mobile cart solution is designed to help with this process. The
carts are equipped with two O’Neil mobile printers, a Lexmark laser printer, a
laptop or customized desktop computer, and Intermec or Symbol handhelds. Using
these carts, store employees can get a correct inventory count and then
immediately price the items accordingly, without having to go into the back room
to make labels or signs. (The O’Neil printers are used for printing shelf and
item tags, and the Lexmark printer creates the signs.) These carts can also be
useful when employees are setting up a new display according to a planogram
(i.e. a diagram, drawing, or other visual description of a store’s layout,
including placement of particular products and product categories), which can be
viewed on the computer screen.
“Our mobile carts are a differentiator for us in retail,” Wilensky says.
“We’ve even developed a version of this solution that is an insert for the child
seat of a shopping cart if the retailer doesn’t need the whole cart. We had one
national retailer purchase 15,000 of these inserts.” He notes that some of the
retailers he initially pitched for this Mobile Office solution have begun
developing their own versions. That’s why InfoLogix has a patent pending on this
product.
Customers Want On-Site Payment Solutions
While large
hospital systems and grocery and retail chains are getting the most attention
from InfoLogix these days, Gulian notes that he also sees great sales potential
coming from smaller specialty retailers. In fact, some of these clients aren’t
really retailers. For instance, InfoLogix is currently designing an all-in-one
handheld computer that includes a credit card reader and receipt printer. This
product is designed for people who need to accept payments on location, such as
a woman selling Avon products or a home appliance repairman. “I feel there is a
tremendous potential for these kinds of mobile POS applications,” Gulian notes.
“We are always trying to invent new revenue sources and products, since we’ll
never make big money on mature markets without a differentiator.”