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Smart government stores vision case

 

November 16, 2016

Public Financial Management (PFM) plays a significant role in smart government. FreeBalance is developing numerous “vision cases” to describe the intersection of PFM and “smart”.

The planning and implementation of smart cities is enabled through PFM techniques and the use of open government. Cities cannot achieve “smart” without citizen engagement and a citizen-centric perspective.

Government organizations can reduce costs and envrionmental impact with smart inventory, one of our recent vision cases. Governments can learn from practices in logistics and retail to improve stores and warehouse operations. For example, Jupiter estimates that retailers will spend $2.5B on IoT products and implementation by 2020. Accenture sees retail organizations using devices to optimize operations.smart-government-stores

  • Inventory Management: the receipt, transfer, and return of goods occurs in government stores automated by Government Resource Planning (GRP) systems
  • Civil Society Engagement, Mobile Surveys & Industry Benchmarks: civil society engagement, employee surveys augmented by retail, logistics and e-commerce benchmarks can be used to create performance indicators for efficiency and security
  • Health Trackers, Equipment Sensors and Cameras: cameras, trackers and sensors can be used to determine the efficiency of warehouse design and the pattern of security operations
  • Smart Labels and Cameras: packaging can be monitored to show whether suppliers are overpackaging causing unnecessary expenditures or waste
  • Cameras and Environmental Sensors: cameras and smart building temperature control systems can determine optimal environmental conditions, adjusted by warehouse usage
  • Cameras and Security Systems: cameras and smart security systems can improve physical security and security compliance
  • Analytics: the combination of financial information in GRP systems and smart device information can result in changes to
    • Temperature Control systems to save money and use less energy
    • Warehouse Changes to change layouts to be more efficient and secure
    • Packaging Procurement Changes in supplier contracts to improve efficiency and reduce waste
    • Physical Security Procedure Changes and compliance
    • Insurance Procurement reflects lower costs, more efficient usage, and better security

The integration of PFM, open government and digital devices provides the “smart” in Smart Government:

  • Citizen-centric: engages civil society and businesses to improve performance
  • Data-driven: collects information from sensors, surveys, benchmarks and financial systems
  • Performance-focused: identifies key performance indicators
  • Long-term: creates an environment of continuous cost, security and environmental improvement
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Doug Hadden

Doug Hadden

Executive Vice President, Innovation at FreeBalance
Doug is responsible for identifying new global markets, new technologies and trends, and new and enhanced internal processes. Doug leads a cross-functional international team that is responsible for developing product prototypes and innovative go-to-market strategies.

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