SIMPLIFICATION
When it comes to managing consumable and returnable items used in the manufacturing process, there is a lag between old ways of doing business and the use of evolving technology to find greater efficiency. Although not exclusive to the metalworking industry, this is a very clear problem that presents at least five main challenges.
- Production Stops – 15% of production jobs are delayed or even stopped due to not having the correct tooling
- Wrong Stock – As much as 60% of current tooling is obsolete, and 80% of production is being performed by only 20% of tool stocks
- No Control – 30-60% of tooling inventory is uncontrolled and simply stacked by machines in excess quantities
- Wasted Operator Time – 20% of operator time is spent searching for the right tools to complete the job
- Extra Administration – 20-30% additional time (delays) in manual order administration due to not having the correct tooling