NO MORE EMPTY SHELVES OR MISSING TOOLS: DISPENSESOURCE® REPRESENTS THE FUTURE OF MRO INVENTORY MANAGEMENT
- Company’s Smart Inventory® Solutions Consistently Average 25-40 Percent In Consumption Reduction for the Nation’s Largest Industrial Manufacturers -
IRVINE, Calif., July 19, 2006 – From the front office to the manufacturing floor, an increasing number of companies are feeling the huge impact that MRO supply consumption has on their bottom line. These companies are turning to DispenseSource, Inc., a leading provider of inventory management solutions for the industrial market.
MRO and the Bottom Line
A leading MRO technology provider to the industrial market, DispenseSource continues to average from 25-40 percent in consumption reduction with a growing list of Fortune 500 companies throughout North America including DaimlerChrysler, John Deere, Owens Corning, Tinker Air Force Base, Lear Corporation, GM and Air Canada. Through the use of advanced technology deployed and maintained by DispenseSource professionals with deep MRO expertise, companies receive enterprise-wide MRO management and reporting capabilities, improved control and access of materials, increased productivity and reduced administrative and inventory costs.
“The valuable feedback from our customers has helped DispenseSource enhance its range of technology solutions over the years to meet the growing MRO inventory management challenges within the industrial market,” said Anton Visser, president and chief executive officer for DispenseSource. “We are proud to see our customers achieving such a dramatic ROI within a short period of deploying our technology.”
Unparalleled Flexibility
DispenseSource’s technology can be integrated into a company’s ERP and financial system using common interfaces such as XML and EDI. This unparalleled flexibility ensures that indirect supplies and materials are available at the point-of-use while enforcing user-defined access control policies.DispenseSource’s flagship software product, Smart Inventory Manager (SIM), provides management with a real-time view of the MRO supply chain. Utilizing this information, better decisions are made to optimize purchasing, inventory management, and replenishment of the materials.
The SIM is a robust Web-hosted inventory management solution that enforces business rules, controls access at the point-of-use (POU) and provides enterprise-wide inventory visibility which eliminates pilferage, stock-outs, and overstocking. The integration enabled by the SIM facilitates the exchange of transactional data across the enterprise to ensure the right materials are available in the right place at the right time.The SIM collects, analyzes and exchanges real-time inventory usage data from the POU with ERP/MRP, customized procurement and suppliers’ electronic order systems to significantly improve inventory visibility, automate reordering and improve operational efficiencies across an enterprise.
The POU inventory management solutions tie into one common Web-based platform, allowing access to a powerful menu of reports, alerts tools and ‘real-time’ transactional data. This comprehensive network can operate as a stand-alone or synchronize with ERP or other procurement systems.
Automated Tracking and Replenishment
Point-of-use dispensing technology allows controlled access of materials and ensures high-value, critical MRO items are readily available to employees 24/7. To access the items, employees scan their access card, enter a PIN and make their selection. When items are received from the point-of-use cabinet, software records which employee took them and reduces the inventory by the number of items taken. When inventory reaches a preset number, a replenishment request is automatically generated and sent to the supervisor and supplier so the right materials are in the right place at the right time.
Advanced Hardware
Innovations in dispensing hardware and module design enables reconfiguration in the field as business processes and production needs change, eliminating the time and cost typically required to return hardware for reconfiguration.Hardware configurations range from scanner-based systems for low-velocity items (such as power tools) to single-item dispensing systems for high-cost, high velocity items (such as grinding wheels and drills). These dispensing systems move indirect materials near employee work cells enabling workers to self-service supply and replenishment needs:
-- SecureSource: the first modular system to enable secure, single-item dispensing
-- SmartSource: enables flexibility in managing over 600 different SKUs with medium security
-- SmartScan: manages low-cost and open-issue items
-- Virtual Crib: controls access to store rooms with bar code scanning technology for inventory management
About DispenseSource
Established in 1999, DispenseSource is a leader in providing inventory management solutions for the industrial marketplace, specifically in the area of maintenance, repair and operations (MRO). The company’s solutions help companies decrease consumption, reduce labor, streamline the re-order process and provide total inventory visibility, all while providing users with a steady flow of supplies needed to perform their jobs. DispenseSource has established a strong installed base in many Fortune 500 companies throughout the United States, Canada and Mexico. http://dispensesource.com/
