Concern over capital costs forces examination of logistics
Tool logistics
In many manufacturing operations, up to 60 percent of stock is never used, while around 15 percent of jobs fall behind schedule due to missing tools. Inadequate analysis of tool logistics is likely driving up your costs.
Unnecessarily high inventory levels exert a negative impact on your capital costs. Why would you want money in a drawer gathering dust? Wouldn’t it be better if you had sufficient numbers of those tools that are always in demand and none lying around not being used? More control over your inventory would lead to less pressure on purchasing.
Inventory problems? If so, you are not the only one
Our studies show that even in highly competitive and technically advanced factories, tool inventory problems often go ignored as the company searches for productivity gains. We have seen cases of customers consuming their entire supply of a make-do tool when they should have ordered a replacement.
Taking control of inventory will save you both time and money. Our tool logistics software and hardware systems handle inventory problems in factories around the world. They keep track of which tools and what type of tools are being used and make sure that operators get the right tool from the inventory.
Imagine the difference
With our tool logistics software, we can help you track and reach your logistic targets and propose changes in order to reduce and automate transactions. The tool logistics software keeps track of every registered tool in the inventory. It shows stock availability, high cost areas, and what tools have been picked for which machine and/or component by whom. The program is open to any brand of tools, and can be used as a standalone or integrated with our ordering system for swift order handling.
On a practical level, our tool logistics software also controls our tool logistics hardware solutions, which are either open shelves, drawers with lids, or spiral–equipped vending machines depending on the level of control required. The shelves and drawers can contain multiple quantities of tools for the user to pick from, whereas the spirals provide access to one tool at the time.
Our tool logistics solutions provide complete control over your inventory, enabling you to optimize your inventory size and identify which tools are rarely used or not used at all.
Improved tool logistics means reduced procurement costs, reduced machine downtime, reduced lead times at all stages, and, ultimately, improved process efficiency.
Do you want more information on how to save time and money by taking control of your inventory? Please contact one of our tool logistics specialists.
Digging for diamonds
Sandvik Coromant teamed up with channel partner BDI to offer a Canadian diamond exploration drilling supplier a tool logistics solution they had been searching for.
A smart way of looking at productivity
Access the right tool, at the right place, at the right time. Taking control of your inventory will allow you to dramatically reduce stock and purchasing costs.
Cutting time is saving money
A Swedish hydraulic, air, gas and liquid applications manufacturer reduced their tool stock value by 40 percent using Sandvik Coromant tool logistics software.
Get the details right
Did you know that machine operators spend up to 20 percent of their time searching for tools? Sometimes the right tools are there, but simply cannot be identified or are not accessible. Fine-tuning your operations will reduce machine downtime and increase your manufacturing speed. Let us help you set goals for your engineers and operators. Our logistics services provide a clear return on investment.
