Abstract:
With fierce competition locally and globally, manufacturers and their distributors are constantly looking for ways to reduce operating costs and drive continuous improvement.
Motor City Industrial, a distributor of fasteners and other assembly components, has created a way to deliver significant cost reductions to its customers - and highly differentiate itself from competitors.
The foundation of Motor City's Crib Boss solution includes a self-serve, automated smart bin solution; advanced analytics and data visualization to show parts consumption by SKU across a production floor. This makes it quick and easy for customers to identify waste and unnecessary, duplicate SKUs.
The bottom line: while manufacturers know in detail what they've purchased and how much it cost, they don't typically have insight into how those parts and supplies are actually being consumed.
Motor City says with this approach and technology - which relies heavily on Lean principles - average parts consumption is reduced by 20%. And that's just the start of the benefits.
Motor City partnered with self-serve, automation solutions provider Apex Supply Chain Technologies to help develop its cool new solution - which leverages Apex's Trajectory Cloud™ data to fuel these analytic insights.
It's a great story manufacturers and distributors will want to hear.
|