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Profitsfor manufacturing organizations depend a lot on the way the supplychain process is managed. One of the main pain points in the wholeprocess is the area related to stocks. A manufacturer who needs toget his finished products in time to the market cannot afford to letstock hiccups come in the way of production. As a solution to thisscenario, Point-Of-Work (POW) technology was devised to manage,efficiently, stock handling in the work area.
POWtechnology is supported by industrialvendingtools and machines that have made the whole supply chain process workfaster and efficiently. Let us see how Supply Chain Management (SCM)process benefits from industrialvending machines.
Vendingmachines provide controlled access to stock thereby eliminating lossor damage of tools. This feature enables to re-order the correctnumber of parts or tools that are required for a particular batch.This ensures the SCM process is not held up due to stock-outconditions.
Provisionto re-order to the correct levels and at appropriate intervals hashigh cost-benefits to the organization. This way, the SCM process iswell taken care for future requirements also.
Thesevending machines have tools that are capable of generatingexhaustive reports that can aid the top management in deriving SCMprocess metrics for inventory levels. In fact it can be used as oneof the critical assessment factors for SCM throughput andefficiency.
Theinput side of the SCM process is completely taken care of, allowingthe teams to focus on product delivery and distribution.
Thesevending systems also indirectly support in management of humanresources; by enabling easy generation of reports for workallocation, tool allocation, tool usage etc.
POWand vending systems are now available with Internet aided technologyto allow easy sharing of information within the organization. Thetechnology can also be hosted on a SaaS (Software-as-a-Service)platform. SaaS technology provides high cost benefits combined withcontinuous availability of real time information.
Itall goes to say that vending systems and solutions have now come ofage and are critical in aiding a smooth SCM process.