Vendor Managed Inventory

Point-level sensors are affordable. They often fall in an MRO budget and don’t require capital expense approval. They are easily bought online via credit card and shipped within a few days. Compact and easy to wire, point-level sensors can be installed incrementally in a few vessels at a time, without a huge investment in either time or money. Point-level sensors provide...

LIke a never-ending yo-yo, this automated tape measure drops a weighted cable to the bulk material surface at timed intervals. AKA plumb bob or bin bob, the SmartBob--by BinMaster-- is highly-reliable and lives a good long service life. SmartBobs can be part of a network connecting multiple vessels and provide inventory control for up to 255 bins of heights up to 150 fee...

Before COVID and the supply chain crisis, industries relied on savvy just-in-time ordering to minimize carrying costs like warehousing, tied-up capital, product spoilage, and waste. According to Investopedia, such carrying costs represent up to 30% of total material value. “We’re navigating the same supply chain waves as our customers,” said Scott Hudson, Executive VP of...