Applications

Market and industry selection is paramount to Tech Masters' success. Tech Master conducts extensive research to determine conceptual design, identifying key market needs to optimize its' products positioning and value both vertically and horizontally.


Hospitality

According to the National Restaurant Association, annual sales in the US hospitality industry will reach $783 Billion in 2016. The hospitality industry historically suffers from inventory loss far exceeding any other business sector. Retailers lose up to $80 Billion annually in inventory loss, with pour costs averaging 30% across the industry.

The BarMaster™, Tech Masters Inc.’s ground-breaking solution, is the most comprehensive asset management system on the market, providing hospitality owners with cutting-edge technology. Our system is adaptive to all environments, including bars, nightclubs, major restaurant and hotel chains, casinos and sports venues. The BarMaster™ tracks every ounce of alcohol from stock room to point-of-sale. It integrates easily with the company’s existing configurations, keeping tight control over ever-rotating inventory, and monitoring anyone interacting with it.

Tracking inventory each and every moment is crucial to cutting loss and theft. The BarMaster™ will immediately improve the bottom line, streamlining business operations. Every business seeks increased revenue and minimized losses. The BarMaster™ improves inventory use, prevents theft and integrates business functions into one streamlined operation.


Hospitality
Pharmaceutical inventory and dispensing

Regulatory agencies are increasingly mandating compliance with supply chain monitoring and security. According to a recent report, the market for RFID systems in healthcare will rise rapidly from $94.6 Million in 2009 to $1.43 Billion in 2019.

Theft, over usage, and misuse of pharmaceuticals by pharmacists and healthcare professionals are enormous problems in the Industry. Current solutions are cumbersome and inadequate. With Americans spending $251.8 Billion on pharmaceuticals, the healthcare industry, such as pharmacies, biomedical facilities and hospitals are increasingly in need of effective controls to safeguard the security of their supply chain.

Tech Masters Inc. provides an adaptable solution with tightly integrated elements that ensure supply chain security and critical asset tracking. Tech Masters Inc.’s systems
• allow users to keep up with the latest regulations and recalls
• combat counterfeiting
• quickly detect issues to take fast, effective action

Companies will be able build sales volume by controlling inventory loss and improving product forecasting. Supply chains are automated, which reduces operating costs, improves accuracy and increases patient safety and consumer confidence.

Additionally, this new technology is applicable to the following:


Medical marijuana commercial dispensaries



Supply chain and logistics – goods transportation



Any application with physical inventory that can justify a return on investment (ROI) on a monthly basis