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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.
In the face of soaring inflation, intense competition, and supply chain challenges, industries are turning to technology solutions, particularly Industry 4.0 goals, to stay competitive. McKinsey & Company’s study highlights the cement industry’s need for digitization, sustainability, and resilience to lower operating costs and boost productivity. The World Economic Forum’s 2020 report identified 54 Industry 4.0 leaders in manufacturing, but none were in the cement sector. The study emphasizes the potential of digitization and sustainability efforts to enhance productivity, with technology enabling remote collaboration and quick decision-making. Addressing the challenges faced by the concrete, manufacturing, and agricultural industries operating across multiple locations, BinMaster introduces SiteView within its CementView platform. This cloud-based software facilitates centralized bulk material inventory management, aiding organizations with better decision-making in purchasing, forecasting, and material movement across sites. The BinMaster system, exemplified by a case serving 58 silos across four states, provides real-time bulk inventory data to dispersed teams, enhancing operational efficiency through custom reports, usage projections, and automated alerts via the BinCloud inventory management software.
The year 2023 witnessed a surge in artificial intelligence adoption, with 79% exposed and 22% already integrating it into their work, as per a McKinsey survey. The focus on Industry 5.0 emphasizes collaboration between humans and technology, where AI is considered just another tool. BinMaster, a key player, highlights the importance of human-centric design in sensor and software technology for efficient decision-making. Their BinCloud software, designed with people in mind, organizes and interprets data, making big data actionable. The European Commission defines Industry 5.0 values as human-centric, resilient, and sustainable, aligning with goals for human-centric instrumentation. This approach involves replacing manual tasks with automation, exemplified by level sensors, BinCloud software, and other innovations. The overarching goal is to enhance efficiency, reduce physical work, and empower individuals to make informed decisions in a rapidly evolving automated landscape.
The global increase in material consumption, projected to reach 180 billion tons by 2050, emphasizes the need for efficient supply chain strategies. BinMaster contributes to this by offering accurate measurements of bulk materials in various locations. Conrad Woerner, BinMaster Supply Chain Manager, highlights the potential for significant returns on investment through predictive data, waste reduction, and strategic ordering. BinMaster’s sensors and BinCloud software provide real-time inventory views, aiding in predictive ordering and waste reduction.
The importance of procurement optimization, strategic sourcing, and material aggregation in enhancing profits and reducing waste is underscored. BinMaster’s role is pivotal in generating essential data for these strategies. Case studies in agriculture, petrochemicals, and construction demonstrate successful applications of these supply chain strategies. In an era where data-driven decision-making is crucial, BinMaster stands out as a tool transforming bulk material inventory management, facilitating collaboration across managers and departments for strategic supply chain planning. For more information, visit www.binmaster.com.
Smart silos, equipped with advanced sensors, data analytics, and automation, revolutionize bulk storage conditions and ensure product quality and safety. Intelligent inventory systems leverage IoT and cloud to minimize waste, enhance inventory management, and optimize processing operations. BinCloud BinMaster’s centralized software platform collects and presents data from continuous level sensors. It includes easy-to-understand graphical reports for multiple silos in one, or more, facilities. Intelligent silo systems eliminate the need for risky manual measurements, offering real-time level measurements and allowing administrators to delegate tasks with emailed reports.
While manufacturing managers were implementing the Industry 4.0 philosophy, COVID-19 hit. The pandemic brought worker and supply chain shortages and accelerated the effort to boost technology in manufacturing. BinMastersensors and software fit perfectly into Industry 4.0 goals.
The grain industry faces many challenges in managing inventory in large bins where a single vessel may hold a million bushels, making "binventory" crucial to the profitability of an operation. This white paper discusses how continuous-level sensors can be sued for accurate inventory management for local or company-wide monitoring. The are various options available for data reporting, including cloud-based applications, software, consoles, and automated text and email alerts. Learn about matching the right type of sensor for your operation for bins large and small, plus how point-level indicators can be applied for affordable high and low-level alert conditions.
Point-level sensors are inexpensive, easy to use, and durable, but you gotta choose the right one for the right situation. Proper level measurements, alarms, and inventory control should involve more than eny, meeny, miny, mo, and BinMaster representatives can help.
In the fast-paced world of industrial operations, the efficiency of managing bulk materials plays a pivotal role in determining the success of businesses. This article delves into the crucial aspect of demand forecasting and its impact on inventory costs, resource allocation, and overall profitability. Whether it’s powders, pellets, or solids, the frequency and strategy of replenishing materials can significantly affect the bottom line. The article emphasizes the proactive approach of demand forecasting, citing studies that show potential cost reductions of up to 20% to 30%.
There’s money to be made through smart supply chain strategies like procurement optimization, material aggregation, and strategic sourcing. During the past 30 years, total global material consumption has increased by 80% and is projected to reach 180 billion tons of different materials by 2050.
“We’re engaged with industries using predictive data,” said Conrad Woerner, BinMaster Supply Chain Manager. “If a company can access its bulk material needs and realize just 1 or 2% waste reduction, or create an ordering rhythm to purchase at a lower price point, it could create millions of dollars return on investment.”
HerdStar, a Minnesota-based provider of industry-leading weighing solutions to customers in the agricultural and industrial markets, welcomes Evan Clark, Regional Sales Manager, to its team. To learn more about HerdStar's industry-leading product lines—BinTrac® bin weighing and batching control...
HerdStar—a leader in agricultural and industrial innovation and BinMaster's sister company—is excited to announce the addition of Tony Krogman, Sales Manager. To learn more about HerdStar's industry-leading product lines—BinTrac® bin weighing and batching control systems, and MicroZone® automatic...
