Software automates demand-based inventory management.August 25, 2008 -
Able to manage cribs and stores as well as AutoCrib point-of-use dispensing systems, AutoCrib v5.3 uses Demand Based ordering to address way perishable tooling, safety supplies, MRO supplies, and other indirect materials are ordered in lean manufacturing plants. Automatically developed history system eliminates need to setup and review Min/Max or reorder point systems. It constantly looks for trends, spikes, and normal usage and balances data against known lead times from suppliers.
(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)
Original Press release
Autocrib, Inc.
3011 Croddy Way
Santa Anna, CA, 92704
USA
New AutoCrib Demand Based Inventory Management Software Cuts Inventory by 20% with ZERO Stock-Outs
Santa Ana, CA - New Demand Based Inventory Management Software cuts inventory by 20%. AutoCrib [autocrib.com] has released its new inventory management software application, AutoCrib 5.3. Designed with extensive user input by the leader in industrial vending innovation, AutoCrib 5.3 can manage traditional cribs and stores as well as AutoCrib's extensive line of point-of-use dispensing systems.
AutoCrib's new "Demand Based ordering" revolutionizes the way perishable tooling, safety supplies, MRO supplies and other "indirect materials" are ordered in today's lean manufacturing plants. CEO of AutoCrib, Stephen Pixley explains, "I have watched distributors and customers alike struggle with slow and dead inventory for years, and decided to start researching advanced inventory algorithms. My analysis showed that they were backwards for industrial vending, so I reworked them to produce radical increases in manufacturing productivity while dramatically cutting costs at the same time. Based on my knowledge of the industry as well as my experience as both a distributor and shop owner/operator, I worked with the AutoCrib development team to integrate these advanced algorithms into AutoCrib software that will revolutionize the supply chain."
After years of research and development, the minds at AutoCrib have delivered an automatic system that eliminates the need to ever set up and review a min/max or reorder point systems. After a short period of usage, history is automatically developed and the system takes over, constantly monitoring all of the items in the system, looking for trends, spikes and normal usage which is then balanced against known lead times from the suppliers.
Case studies show that those who move to Demand Based Ordering over standard min / max based purchasing can run their tool cribs and point of use dispensing equipment with 20% less inventory and zero stock outs. George Ponce, President of Machine Tools Supply [a large industrial distribution firm] states, "By implementing AutoCrib's Demand Based Ordering system, I anticipate that we can cut a million dollars out of our inventory program over the next 12 months."
The software cuts costs further by dramatically reducing the slow and dead inventory that is such a problem for each vendor in the supply chain. "The time savings of never having to review min / max is a major step forward in productivity for both distributors and end users," states Steve Pixley, CEO and Founder of AutoCrib, "Furthermore, because the system is constantly reviewing demand, the system virtually eliminates the possibility of creating any slow or dead inventory. This system stops slow and dead inventory BEFORE it can be ordered." Pixley is predicting a payback on this new system in weeks, rather than years. For the end-user, Demand Based Ordering cuts inventory and related costs, eliminates stock outs and related complications such as shut downs, emergency orders, overnight shipping and rush charges, while it prevents dead inventory from ever being ordered.
AutoCrib is accepting orders now for 5.3. Contact sales@autocrib.com for more information.
About AutoCrib, Inc.
AutoCrib the leader in Industrial Vending innovation has been providing automated inventory control systems for manufacturing companies since 1995. The company is based in Santa Ana, California with sales offices in suburban Atlanta, Dallas, Cincinnati and Chicago.
The basic concept of "tool vending" [autocrib.com/products] has evolved into a wide variety of products that assist manufacturers in controlling perishable tooling, safety supplies, MRO supplies and other "indirect materials". The product line includes RFID tool cribs, automated lockers and cabinets, robotic carousel systems, traditional tool cribs and handheld scanners. No other company provides such a variety of point-of-use dispensing technology. The systems are driven by AutoCrib's powerful software, which provides end-users with real time usage data and can be integrated into their ERP systems. This allows manufacturers to dramatically reduce the cost of indirect supplies by as much as 50% through accountability and access control. Whether it's automating a traditional staffed tool crib or providing point-of-use dispensing machines, AutoCrib is the logical choice.
To date, the company has over 4,000 units installed throughout North America, Europe and Australia. The systems are sold primarily through a network of over 100 industrial distributors. With the support of AutoCrib, this network has built a reputation as being the best training, installation and support organization in the business.
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