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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.
Not long ago, bulk material management involved dirty clipboards, dangerous climbing, and long tape measures to determine grain, plastic, and cement levels in a bin or silo. Enter digital transformation which replaces antiquated processes using high-tech instruments like BinMaster level sensors and cloud software.
Digital transformation improves supply chain resilience, automation, accuracy, and efficiency, benefiting people effectively collaborating in a digital system.
BinMaster technology fits into the category of Internet of Things (IoT) which describes a wireless network of devices embedded with sensors for the purpose of connecting and exchanging data.IoT is automating manual tasksin the manufacturing industry.
IoT inventory sensors and software: > Provide insights for data-driven decisions. Increase efficiency and drive down costs > Shorten lead times for production > Reduce carrying costs and last-minute purchases > Reduces waste on bulk inventory that could spoil > Integrates inventory data to Enterprise Resource Planning systems > Streamlines transportation and timely ordering > Requires less labor and guesswork
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.”
Before COVID 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. “We’re navigating the same supply chain waves as our customers,” said Scott Hudson, Executive VP Sales & Marketing, BinMaster. “We’re still hearing from people who can’t get their materials delivered on a consistent schedule, so they’re really using BinMaster for planning orders. They just can’t afford to shut down production because of a bad or outdated measurement.”
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.
Measuring flour and wheat is tricky because silos are typically cloudy atmospheres requiring sensors that measure using radar technology. BinMaster provides these sensors to agricultural operations worldwide. BinMaster sensors were incorporated into the Bay State Milling Company storing high-fiber wheat varieties.
Manufacturing leaders are tackling supply chain issues with digital solutions. Leveraging Industry 4.0 solutions, a recent McKinsey survey showed 39 percent have implemented a control-tower approach to increase supply chain transparency. About 25 percent are fast-tracking automation to stem worker shortages. Steve Schulz, Ph.D., Associate Professor of Logistics & Supply Chain Management, said the program has taken a quick trajectory towards all the technology needed for this technological revolution.
Bulk solid materials are handled in many ways. One company may manage inventory and orders at the plant by local people. Larger operations may do inventory management at a corporate office miles away. Some even count on vendors to monitor inventory levels themselves and order material as needed (called Vendor-Managed Inventory). BinMaster products were designed to fit all these situations. BinMaster sensors are more accurate and hearty operating in a wider range of environmental conditions. Cloud software has evolved. It’s more intuitive, graphically friendly, and accessible by any device any where internet is available.
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