An Inventory Management System provides a window into facility and asset lifecycle. The system keeps track of stock items identified with barcodes or RFID tags. As they are consumed, the platform deducts them from the inventory list. Companies can access real-time data on stock levels and inventory values to identify potential waste, trigger reorder points, and stratify parts based on criticality, lead time, carrying cost, and other factors.
SDI can set up a complete barcoding and MRO inventory-tracking system to validate all existing-parts data and establish a protocol for adding new items. The integrated system allows all authorized supervisors and managers access to up-to-the-minute inventory levels and parts usage by individual, department, plant, customer, and more.
They will know exactly:
Immediately see how many items you have of any one type and their location or what stage they are at in the process. You can track items from the time they are received into stores, issued to manufacturing, and used in a a repair. This makes it easy to manage inventory, perform stock checks and audits and control shrinkage.
Because data is being collected and uploaded electronically, barcoding and RFID solutions help avoid transcription errors, duplication of data and “missed items” when used to collect data on large numbers of items simultaneously. The use of cloud-based systems allows everyone in the organization to see up-to-date information on the whereabouts or status of items.
With labor costs accounting for as much as 50-80% of operational costs, barcoding RFID technologies offer ease of use and improved efficiency. Inventory check-in, counting, and shipment verification can be done very quickly and automatically in a few scans without the need for multiple employees to process them.
For those companies that utilize a returnable fleet of components and asset sub-assemblies, utilizing barcoding and RFID allows you to track these assets through the entire supply chain loop and provide increased visibility. SDI has a process for tracking repairs and performing root-cause failure analysis that allows us to more easily identify common failures for our clients and address them. Our goal is consistent reliability – to focus on causes of failure and reduce them. We also handle the warranty process and partner with repair vendors that can bring assets back to factory standards. This collaboration provides greater visibility into root-cause failure analysis, thereby improving reliability. It’s a more sustainable and reliable way to find greater savings
Barcoding and RFID applications can automatically track the movement of parts/components and upload the information to the ERP or financial management system, eliminating the need for manual form filling and replacing outdated spreadsheets. The use of fixed readers at key points can save even more time – and on a production line for example, can remove the need for manual intervention entirely.
With an efficient integrated supply chain in place, there is more time for your maintenance technicians to focus on completing work orders and your procurement professionals to focus on high value opportunities that can help impact competitiveness, improve market share and drive bottom line growth.
Whether you need help every step of the way, or only with some aspects, SDI is here to help. Contact us to find out how we can help your business!
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