DETAILED INVENTORY MANAGEMENT FUELED BY BINMASTER SENSORS, SOFTWARE
Inventory mistakes are amplified when errors cumulate and impact corporate financial statements. Storing inventory that you cannot see – in bins and silos – can be particularly risky if manual measurements and estimations are used as the basis for calculating inventory value. Bulk solid inventory is handled in several ways.
Vendor-Managed Inventory allows suppliers to engage in or participate in replenishment decisions based on specific inventory and supply thresholds. In these cases, suppliers can save on production and distribution costs by coordinating batch processing and shipments between multiple customers. Buyers are able to delegate the control and management of inventory while still exercising final control.
Some industries utilize delivery routing software when vehicle routing and inventory decisions must be made at the same time. Careful (and quick) inventory management provides value through product availability, consistent deliveries, accurate inventory, and ordering.
Some companies count on one central supply department to control orders for multiple plants and locations. In these cases, sensors with cloud reports are a must.
Technology infused into inventory management
When sensors shoot data to a cloud-based app, it’s called the Internet of Things (IoT). BinMaster IoT measures bulk inventory with sensors placed in a silo, bin, tank, or another storage container.
IoT’s success in manufacturing can be demonstrated by the massive success at Harley-Davidson manufacturing in Pennsylvania. Using IoT the company reduced the cycle time of motorcycle assembly from 21 days to six hours.
According to Yahoo Finance, the Industry 4.0 revolution is making big inroads as evidenced by a 2022 Global Market Report that shows the worldwide IoT market to grow from $172 to $209 billion for the year with a compound annual growth rate of 21.6%
BINMASTER IS YOUR BULK SOLIDS INVENTORY ANSWER BECAUSE:
We minimize costs
Inventory management should not be reactive. Time and money are wasted by interruptions in production. Proper inventory levels should be visible and planned. Proper oversight will wipe out rush charges, excessive overtime, and emergency deliveries. Relying on solid data can increase inventory turns, slash safety stock, and maximize cash flow.
Eliminate guesswork with real-time data
Getting everyone on the same page and looking at the most current data ensures accuracy and eliminates a flood of emails. The days of data lingering on a clipboard or weaving its way to the right person are over. Level sensors update measurement data continuously or at preset time intervals and revise your inventory throughout the day. With remote access from a phone or tablet, you don’t need to be at your desk – or even in the plant – to keep tabs on inventory data. If you’re curious, log in on the weekend or before you get to work, and be prepared for what your day has in store.
Sharing fresh inventory data between purchasing and production allows people to get ahead of issues associated with rush orders and last-minute deliveries that can run up costs, create inefficiencies and erode margins.
Replace tedious, time-consuming tasks with an automated system that does the calculations for you. At the same time, reduce the risks of walking to silos and climbing ladders for measurement.
Past measurements can predict future consumption. Maximizing storage capacity and understanding usage trends helps you schedule deliveries and reduce safety stock. Historical reporting can assist in planning, budgeting, and financial reporting.
Get data from the cloud
Level sensors take measurements continuously or at timed intervals. Data is sent to a gateway and transmitted to the cloud for processing. Users log into the web-based software to view inventory data. Customized views can be role-dependent showing individual silos, groups of silos, or silos at a single location. Users can make ordering decisions and generate reports to optimize their inventory
Let remote monitoring do the heavy lifting
Cloud-based software is very intuitive and easy to learn. Dashboards present inventory in a simple, easy-to-use graphical interface. Depending on the level of access granted by an administrator, users can see inventory by location, silo, and material type. With one click, they can view details for each silo such as the time of the last measurement, how much headspace remains, its percentage full, or volume.
Customize views to data to your liking. Save views for future use. Popup warnings help ensure information is not unintentionally deleted. Also, an administrator can control user access. Silo, location, gateway, and account information are also available on mobile versions and simply presented for quick views.
More accuracy, less stress
• Remote monitoring via phone, tablet, or PC
• Real-time visibility from the plant, office, or remote locations
• Accurate, reliable level information updates automatically
• Graphical color-coded alerts for low or high levels
• Automated alerts via email or SMS text message
• Wireless sensors and gateways simplify installation
• Scalable for one or many vessels or locations
• Historical reporting optimizes purchasing and logistics