Page 17 - Issue 13
P. 17

Best practice + sound inventory management + cost reductions + etc...etc
Why consider tool vending?
With the arrival of a new Quickvend tool vending management system, why is tool vending something that you really need to be considering?
As part of the Quickgrind Group of compa- nies, Quickvend takes us through the points to consider before taking the next step.
First and foremost, engineers need to look at their tool inventory procedures with a fresh pair of eyes and ask a number of pertinent- questions.
These questions include points such as:
• Is your tool availability secured?
• Is your inventory reduced to a minimum? • Are repeat tooling orders generated auto-
matically and on-time?
• Do you value machine up-time? and • Are you keen to reduce stocks and
Considering the above points, most manu- facturers without tool management will have had stock shortages at some point. The result was probably a job that you needed to get out-of-the-door and you didn’t have the appropriate tooling available. Is this point resonating?
If you start to dig a little deeper, you can ask yourself some more searching questions; and these questions may highlight more inefficiencies in your tool management sys- tems.
Are your staff guided easily and trouble-free to stock?
Is stock information available quickly and transparently?
Can a stock audit be carried out at the push of a button?
Does your system regulate access to new and re-ground or remanufactured tools?
Does your system provide an automated supply chain and stock control?
Are you witnessing increasing costs associ- ated with purchasing administration?
If you are already implementing tool man- agement systems, does your system cover all of the above points? If you are only con-
sidering or starting your tool management journey, this set of questions identifies where your current inefficiencies may lay.
Tim Darch from Quickgrind gives 10 good reasons to take control of your inventory management via a Quickvend solution. “The opportunities for best practice, sound inven- tory management and cost reduction poten- tial are huge,” he says.
The Tool vending man- agement system from Quickvend – it is easy to use and the potential benefits are massive, from cost savings to automatic monitoring of stock levels with replacement tools sent out before stocks deplete. Tooling inventory and usage levels are pre- determined.
“So, considering 10 good reasons to investi- gate vending, manufacturers should be con- scious of the ability to provide secure 24/7 stock availability with a complete audit trail, the point-of-use convenience with low-cost multi-site and multi-device options, the reduction of stock-level administration, the elimination of unauthorised retrievals and usage tracking and ‘pay as you use’ inven- tory.
“Our system also increases stock accuracy by identifying slow moving or obsolete stock. It reduces purchasing costs with just one invoice per month, and the reports can also be generated by user, job, cell or depart- ment.
“When you consider these factors, profes- sional tool management systems can deliver huge benefits and massive cost savings.”
But with so many vendors in the market- place, why chose a Quickvend solution?
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