How can a weight based inventory monitoring system help you?
Every manufacturer, distributor or end-user of small parts, faces the challenge of monitoring and managing inventory of a large number of small parts. Certain valuable items are closely monitored using sophisticated RFID tag technologies. However, a vast majority of parts such as small metal stampings, injection molded parts, fasteners, medical products such as injectibles, syringes, masks or gloves etc. are managed manually today. A human being has to physically go and look at bins, boxes or other storage devices, see if there are enough parts in stock (or count them for updating inventory counts in the ERP system) and either enter an order into a system manually or use a bar code reader to scan in the parts that need to be ordered and then updated into a system.
The following challenges need to addressed:
- The current system is manual, labor intensive and prone to human error and delays. This can result in a stock-out situation which can be hundreds of time more expensive than the actual cost of the part itself.
- The cost of labor and the resources (vehicles, gas, wear & tear) needed to support effective performance by the team, is significant and cannot be leveraged effectively.
- Inventory managers generally stock several times the quantity on hand in order to avoid stock out situations - leading to higher carrying cost for their companies which in turn locks up valuable capital in the form of inventory on hand
Now with Loadstar's digital, networked weighing solutions, you can effortlessly track inventory at remote customer sites using a web-based software application or via a mobile device such as the iPhone! Our weight based inventory management system offers a complete end-to-end hardware and software solution. We also offer customization for integration of the data into existing ERP and warehouse management systems and assist customers with installation, training and support.
The Key highlights of our solution include:
- Based on our patent protected digital load cell Plug & SenseTM technology
- Digital weight scales for weighing parts
- Automatic computing of number of parts in a bin
- Flexble scale sizes to fit standard bins, pallets and shelves
- PC based software or Web-based SaaS solution
- Automatic alert generation via eMail or SMS messaging
- Wired USB/RS-485 or Wireless connectivity via IEEE 802.15.4 wireless protocol
- Onsite installation or Hosted soultion to meet your internal security needs
Key Benefits of our solution include:
- Avoid stockout of parts - provide service level guarantees to your customers
- Reduce carrying costs by reducing inventory on-hand
- Reduce labor and transportation cost & improve resource utilization
- Improve visibility into inventory levels over entire supply chain
- Avoid periodic cycle counting of inventory
- Integrate data into existing ERP or Warehouse Management Systems
We are also looking for distribution partners and representatives in specific geographies and vertical segments to help roll out this solution on a global scale.
Specific segments in which we are looking for partners include:
Vertical Markets - Healthcare, Warehousing, Logistics & Distribution, Fasteners, MRO, Electronic & Electrical Parts
Geographic Markets - Japan, China and East Asia, Northern Europe (Germany, France & UK), Mexico
Please contact us for more information if you are interested in partnering with us.
