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Accounting professionals and bulk operators grapple with inventory accuracy challenges that impact financial statements and operations planning. Traditional measurement (tapes and spreadsheets) often result in substantial discrepancies.
Precise inventory data plays a pivotal role in several key areas. It ensures financial reports, including balance sheets and income statements, accurately reflect the company’s position.
This accuracy is crucial for tax planning, helping avoid overstated profits that could lead to overpayment of estimated taxes. Correct inventory levels are essential for optimizing working capital management and cash flow, preventing unnecessary purchases. In cost accounting, accurate data provides a clearer understanding of the true costs of goods sold. Learn how BinCloud® provides this valuable accuracy to operators worldwide.
Food, consumer products, packaging…nearly everything…involves the use of bulk solids at some point during their manufacture. In the retail world, inventory record accuracy costs an average of 1.75% loss of revenue. Their suppliers also suffer up to 0.73% loss of revenue. In a world of Industry 4.0 and block chain practices, a discrepancy with inventory measurements undermines inventory control, makes ordering decisions ineffective and results in poor delivery and higher inventory costs.
While manufacturing managers were implementing the Industry 4.0 philosophy, COVID-19 hit. The pandemic brought worker and supply chain shortages and accelerated the effort to boost technology in manufacturing. BinMastersensors and software fit perfectly into Industry 4.0 goals.
Workforce shortages in the U.S. have sparked great energy toward technology. The urgency to implement automated work processes continues to climb. BinMaster sensors and software can provide significant labor relief by replacing repeatable and frequent physical labor. It results in a safer workplace and accurate inventory and aids in strategic ordering and dispatching.
It takes just five basic components to design an inventory system for managing solids, powders, or liquids stored in bins, tanks, silos, and other storage vessels.
Jeff was looking for an alternative to the proximity sensors he was using in seed storage bins. It needed to work reliably with seasonal temperature changes, use the existing fittings, and not break his budget. The MCP-200 mini-capacitance probe may be just what Jeff is looking for.
Brazil’s agricultural prowess is evident. The country produces more than 145 million tons of grain per year. Recently, the country’s Ministry of Agriculture and the Brazilian Agriculture Research Corporation signed agreements to develop digital and precision agriculture. The country’s agro-industrial technology efforts aim for sustainability and profitability. This agriculture technology focus has included inventory control systems with silo sensors and cloud inventory software offered by BinMaster.
Quarries, cement plants, construction suppliers, and building contractors who rely on trucks to move goods have not been immune to the chaos COVID-19 has placed on the supply chain. Both level sensors and CementView. Cloud-based software, designed for the cement industry with a specialized ‘truckloads’ feature, is helping cement plants manage dispatch, drivers, orders, and deliveries.
Os perigos da agricultura ocorrem em todo o mundo. É uma profissão desafiadora. O Brasil, por exemplo, começou a manter estatísticas mais detalhadas sobre acidentes industriais a partir de 1969. Foi divulgado que quase 18% de todos os trabalhadores industriais (incluindo a agricultura) sofreram acidentes. Medidas preventivas ajudaram a reduzir para 3.84% em 1984.
Los sensores y el software BinMaster prácticamente eliminan los viajes diarios por la escalera de un silo o contenedor para medir los niveles de material
Inventory management can be complicated, but it certainly doesn't need to be! In the transition to Industry 5.0, operators are seeking smart systems to give their team real-time visibility into bulk inventory, helping them anticipate future needs and prevent costly downtime due to outages, dry...
