CribTrack Reduces Costs of Inventory Management

Maintaining costs is critical to business operations, and overlooking the costs associated with inventory management can eat away at margins. Inventory costs for essential consumable and reusable items vary – from smaller items such as light bulbs and batteries to bigger items like power tools.

Inventory control allows for an organizational approach to understanding the frequency items need to be replenished, while also instilling accountability for when inventory is used and by whom. These two operating benefits are just two reasons why organizations implement CribTrack inventory management solutions.

Because CribTrack offers security, flexibility and affordability, organizations count on CribTrack to assist with their inventory management needs – reducing costs and keeping operations running on-time.

Organized Approach Means Keeping Up with Low Supplies

Running out of certain items can slow or halt production altogether. Sending an employee offsite or paying for same-day or next-day shipping to replenish crucial items can be time-consuming and expensive.

CribTrack industrial vending machines prevent these costly problems before they happen by accurately tracking and monitoring inventory levels.

Flexible for Many Applications

An effective inventory management solution needs to be flexible in order to meet the vast requirements of factory floors, workshops, and building facilities. CribTrack vending machines offer that flexibility.

There are several industries that can make great use of CribTrack – such as industrial, hospitals, restaurants and schools. Whatever the application each machine slot can fit several different size items, so each business can make the most out of their machine – items that can fit include batteries, drills, end mills, gloves, tubes, medications, lab equipment, IT equipment, printer supplies, spices and more.

Magnetic Storage Containers

Shelving space can be configured as needed with a maximum capacity of 200 storage positions in each machine. Barcodes can be customized to accurately track whichever item resides in a specific storage bin. The barcode scanner is used to keep track of when items are removed or returned by authorized individuals, and automatic electronic alerts are sent when an item is in need of replenishment.

Monitoring is continuous with CribTrack’s included software. The software has the flexibility to be run on premise or in the cloud to meet the needs of an organization’s IT infrastructure.

Secure Machine Provides Accountability

Because CribTrack requires users to login one of three ways in order to access items, there will be a record at all times of who accessed the machine and scanned out items. There are three cameras as well, in the event that someone was to login and remove any items without using the scanner. The camera would capture a video recording of the event, tracing back to the employee, and maintaining accountability.

CribTrack is tamper-proof and comes with an embedded alarm. It requires users to login either by a PIN code, Prox card or biometric authentication fingerprint scan.

CribTrack Saves Businesses Time and Reduces Costs

Because CribTrack provides an easy-to-use, flexible, and secure industrial vending solution, organizations rely on CribTrack for their inventory management needs.

No Moving Parts

CribTrack saves time and reduces costs. Businesses can optimally maintain inventory levels reducing costs associated with production stoppage and lost items. If you would like to know more about CribTrack inventory management solutions and want to speak with an experienced application engineer, call 1-844-744-CRIB (2742) or email us today.

Choosing the Right Supplier Matters

so much depends

upon

a red wheel

barrow

glazed with rain

water

beside the white

chickens.

(William Carlos Williams, 1923)

You can still make a living with the things Williams mentions in his poem. Most of us won’t. But even though times have changed since 1923 when it was first published, the poem continues to resonate. Our livelihoods still depend on the products we utilize and consume to get the job done, whether that means banging on a keyboard all day or banging on nails.

In every industry, supplies are essential.

From a father-and-son contractor outfit to a massive corporation or municipality, someone has to be responsible for the industrial supply chain. The better that person or team is, the more seamless their work becomes. But if they are struggling, the health of the business or organization is at risk. Clients go underserved. Capital gets trapped on shelves collecting dust. That’s why inventory supply managers have such a complex and critical role.Industrial-Supply-Chain

Every paper clip really does count.

Inventory investors know better than to ignore the details. But then, if a business is going to fail based on the fate of a single paper clip, it’s probably past time to get the old resume in order anyway. While the details do matter, advanced inventory management software and tracking systems can handle the bulk of the clerical duties.

Automating the routine aspects of industrial supply management allows purchasing professionals to focus on more important tasks.

For example, inventory managers need to understand the entire cost structure of their Industrial-Suppliessupply chain. That means analyzing a potential supplier’s prices is just the beginning. Industrial supplies are driven by “derived demand,” which simply means that the need for those supplies depends on the consumer demand for the things those supplies help to produce. A wise inventory manager will build relationships only with suppliers who understand derived demand, and who know that complete shipments with reliable lead times is the best way to control carrying costs.

Carrying costs can fluctuate from 20-30%, endangering a company’s total return on inventory investment.

The longer you have something, either still in the mail or sitting unused on your shelf, the more carrying cost it accrues. These costs can include interest on credit, labor costs, insurance, and even shrinkage. When deciding on a supplier, be sure the supplier takes the time to understand the gross margin of your return on investment.

At Steiner Electric, we know that our business is only as healthy as the businesses and communities we serve. That’s why we take pride in our role as an industrial supplies management resource for our clients. Let us audit your industrial supply chain to make sure it is operating as efficiently as possible, because “so much depends” on the supplies of your trade.

Industrial_Supplies_Agents

Asset Accountability is Good for Business

inventory_managementThere are few things as crucial to any business, big or small, as inventory management. Properly tracking assets has a significant impact on profitability. There are many reasons for this. Consistent customer service, for example, is only possible if you can maintain the right amount of inventory to meet demand. For most industries, running out of stock is simply not competitive. On the other hand, stock that sits on shelves too long wastes capital that could be better invested elsewhere. Continue reading “Asset Accountability is Good for Business”