Posted on Jan. 30: Business brainchild incubates at McMaster

Many pipe dreams are born over pints of beer, but McMaster business students Daniel Priljeva and Constantinos Coursaris were convinced their brainchild to create a revolutionary inventory tracking system for companies, was much more than empty bar talk. A $1,000 start-up award from the Michael G. DeGroote School of Business' CampusIncubator Business Plan Challenge, is their proof. "It's the classic story starting with friends hanging out at a bar," quips project team leader Priljeva, "and someone mentioned an idea he had for selling tracking hardware and software components of companies. Winning the start-up award was confirmation that it's not only a pipe dream." Called Mission84 Networks, the seed company is developing an advanced version of an inventory tracking network (ITN). With the ITN, firms can track any item and its movement, inventory count and location with a newly enabled technology all in a true real-time setting. "But the most exciting features of this product are its exceptional capacity and seamless integration, and signs are pointing toward the ITN as being the first of like technologies to will be viable for retail settings," says Priljeva. "Imagine knowing with 100 per cent accuracy, the true inventory balance and location of every item in a warehouse and being able to plan production and sales based on this knowledge. The efficiencies at hand create real economic gains and provide visibility across the supply chain."

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