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Accounting professionals and bulk operators grapple with inventory accuracy challenges that impact financial statements and operations planning. Traditional measurement (tapes and spreadsheets) often result in substantial discrepancies.
Precise inventory data plays a pivotal role in several key areas. It ensures financial reports, including balance sheets and income statements, accurately reflect the company’s position.
This accuracy is crucial for tax planning, helping avoid overstated profits that could lead to overpayment of estimated taxes. Correct inventory levels are essential for optimizing working capital management and cash flow, preventing unnecessary purchases. In cost accounting, accurate data provides a clearer understanding of the true costs of goods sold. Learn how BinCloud® provides this valuable accuracy to operators worldwide.
Food, consumer products, packaging…nearly everything…involves the use of bulk solids at some point during their manufacture. In the retail world, inventory record accuracy costs an average of 1.75% loss of revenue. Their suppliers also suffer up to 0.73% loss of revenue. In a world of Industry 4.0 and block chain practices, a discrepancy with inventory measurements undermines inventory control, makes ordering decisions ineffective and results in poor delivery and higher inventory costs.
For improved inventory accuracy in silos, tanks, and bins, multiple-point measurement is always better when compared to single-point measurement. Acoustical-based technology includes multiple-point measurement and uses 3D mapping software that shows the bin’s topography to provide volume precision that is better than single-point measurement devices.
MRO budgets will grow from $701 billion in 2021 to $897 billion by 2028, according to a study by Markets N Research. MRO, or Maintenance, Repair, and Operations, usually covers supply chain management, industrial machine upkeep, technology advancement, artificial intelligence, Internet of Things, and preventative maintenance solutions. BinMaster sensors and software bring technology improvements with a quick return on investment. Besides replacement parts, companies budget for future needs like an inventory management system for tank, silo, and bin installations.
Fast-paced work environments are driving the need for accurate, real-time data. Sensor manufacturers and software developers have been rigorously working to create new and innovative solutions. Is your operation seeking ways to more efficiently monitor inventory? Check out these popular trends
Monitor inventory in bins, tanks, or silos and organize it in one place with BinCloud®. New features released in BinCloud make inventory management evermore easier, more intuitive, and more convenient.
Worldwide vegetable oil production includes 25 varieties of vegetable oils, oilseeds, and fats. In fact, according to the International Association of Vegetable Oils, Ukraine and Russia are the top producers of sunflower oil.
Proper storage of beans, seeds, and nuts is important to maximize the quality of finished products. Equilibrium moisture content and relative humidity must be maintained when filling and emptying bins. BinMaster sensors and software provide bulk material measurements to keep adequate inventory in check.
Cement managers find workplace injuries akin to kryptonite. Like superheroes, they’re ready to rid their world of danger.
These manufacturers know the challenges of bulk materials in the industry, including exposure to harsh ingredients. According to the Centers for Disease Control, if not careful, people can experience health complications including eye, skin, and respiratory disorders. Climbing bins and silos to measure what’s inside just doesn't make sense.
BinMaster non-contact level sensors can help, measuring levels in a silo via 3D Scanners, laser, or radar technologies to ensure accurate monitoring of product levels.
From bulky cocoa beans to lightweight nibs and fluffy cocoa powder, the chocolate industry counts on massive silos—some more than 1,000 tons—to store raw materials headed to factories across the world.
BinMaster's 3DLevelScanner sensor can count it all. Its multi-point measurement technology "sees" through challenging materials to report current silo levels and volumes.
Now more than ever, manufacturers expect—and must navigate—volatile supply chains and pricing. Effective bulk material management begins with smart systems that make data easily accessible, which ultimately helps strengthen inventory control. Level sensors and software from BinMaster help...
As demand grows and trends balloon in the food & beverage industry, the pursuit of peak efficiency may feel never-ending. Compliance with health and safety standards continues to remain of the highest importance as plants expand and multi-national systems require robust remote monitoring software....
Level sensors and bin scales have their own unique applications. Utilizing both in one inventory management system provides many benefits, including real-time monitoring and redundancy to verify the accuracy of measurements. But in which situation or conditions is each method of measurement best...
As of November 10, 2025, Garner Industries LLC will operate under a new name: BinMaster Sensors and Technologies LLC. The new name reflects the company’s continued growth, innovation, and commitment to delivering advanced sensors, software, and technologies that help customers make smarter, safer,...
When it comes to measuring and managing bulk inventory, precision and visibility are essential. Load cell based inventory systems provide accurate bin weights as actionable data, helping industrial processors, agricultural operators, and livestock producers account for bulk materials and make...
