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714 view(s) Improve Carrying Costs with Bulk Measurement Systems
Before COVID-19 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.
“BinMaster is navigating the same supply chain waves as our customers,” said Scott Hudson, President, BinMaster. “We’re hearing from people who can’t get their materials delivered on a consistent schedule, so they’re really using BinMaster for planning orders. They can’t afford to shut down production because of a bad or outdated measurement.”
