Canadian Electrical Wholesaler

Feb 17, 2019

InventoryBy Blake Marchand

Automated vending solutions can help distributers manage customers’ inventory and reduce waste throughout various industries. They can allow manufacturers the ability to better track inventory, as well as regulate the consumption of everyday-use items like gloves, ear plugs, and tie back sleeves. In machine shops they can be utilized to manage various tools like cutting wheels and drill bits, also ensuring older equipment is used before new inventory. This not only enables end-users to track and manage inventory, but allows the supplier to provide a more detailed, customer driven experience.

These machines can vary from the standard coil vending machine you use to buy potato chips and candy bars on your lunch break, to full tool room and warehouse automated systems. With the latter, employees enter the crib with their employee badge or a punch-in number, scan the crib for the tool/item they need, and press a button that automatically scans the product, issues a receipt, and unlocks the doors.

In the mining industry vending machines are being placed in the mine to distribute PPE (personal protective equipment). Auto manufacturers can utilize vending applications to distribute aerosols, cleaners, safety glasses, and other standard tools and equipment.

Inventory can then be tracked and managed through internet-connected devices.

Ideal Supply, one of Ontario’s premier industrial suppliers, has been providing these types of solutions for two years, and the trend in the industry is growing. Nick Bewick of Ideal Supply explained that they began offering Auto-Crib’s full line of solutions based on demand from their customers and seeing it being used in factories more and more.

An automated inventory system such as this also increases a manufacturer’s ability to eliminate unnecessary stockpiles, as well as other inventory inefficiencies like improper identifications and oversight.

Bewick noted one of the biggest advantages is accountability and data collection. “A lot of reports can be generated [with the use of industrial vending],” he says. Nowadays, “the more data you have the better. You can tie in exactly where everything is being used and where it’s going.”

Machines can be programmed to a specific employee or employee group, a specific quantity, or within a specific time frame, ultimately streamlining the use of inventory and eliminating misuse. They can also set a minimum threshold for a specific product and have that inventory automatically stocked once that threshold is reached. Which can be particularly useful given the 24-hour nature of the manufacturing industry.

The service is not necessarily a new development in the industry, although due to automation, IoT, and cloud-based technological advancements vending solutions have become a more viable time and cost saving measure.

“I think it will grow in popularity as the technology grows and as it gets out there more, certainly the owners like it because they can track where their product is going, and it also saves on labour costs,” says Bewick.

Ideal Supply’s most popular industrial vending product tends to be carousel/coil crib systems, notes Bewick, along with locker systems. Bewick explained there are not many disadvantages to vending, other than the cost, which can still be prohibitive to smaller operations.    

Industrial vending solutions can also reduce the amount inventory a factory needs to carry. With the use of smart bins, lockers, cabinets, and vending machines, real time data are communicated to suppliers and inventory managers so that they know exactly what is being used. The increased capabilities of IoT eliminates latency in the process, in which data are not passing through multiple digital hands. The result is increased floor space and the ability for facility managers to more accurately target their procurement needs.

For example, Able Engineering used an automated vending solution that automatically replenished their inventory, resulting in a reduction of 41.5% in their tool usage. It allowed employees to focus on value added work, rather than spending added time monitoring tool supply lists, as well as reducing on-hand inventory to free up working capital. Similarly, CNC Manufacturing was able to reduce its tool inventory by 80% using automated inventory systems.

Before cloud-based storage and data sharing, a considerable amount of time and labour was needed to produce the necessary data to share with a supplier. This put the value of the technology into question. IIoT and data sharing has enabled suppliers to eliminate that inefficiency. Since 2008 the supporting technologies required to make industrial vending viable have been developed to the point where it is becoming a proven practice.

In 2016, the industrial vending machine market was valued at US$715.6-million and is projected to reach US$1.43-billion by 2025 (Research and Markets). Coil vending machines are expected to be the fastest growing area of the industry due to their ability to hold significant amounts of inventory, low-energy costs, and low levels of maintenance. Carousel style machines, typically used to house tools, cutters, and testing equipment, are also projected to hold a significant share of the market due to their affordability in comparison to other types of machines such as lockers and cabinets that may require customization.

Blake Marchand is Assistant Editor, Panel Builder & Systems Integrator.

Photo source: Intelliport

Sources
https://www.inddist.com/blog/2017/12/report-industrial-vending-market-top-14-billion-by-2025?cmpid=horizontalcontent

https://www.mscdirect.com/solutions/vending-case-studies

 

 

Rob McIntyreRob McIntyre

The use of reels is fundamental to the safe and efficient handling, transportation and distribution of wire and cable to the end user. The properties of wire and cable require reels to be robust and have certain structural specifications to ensure wire and cable goods are not compromised between the time they leave the factory to when they are installed on site. Wire and cable must be protected from any kind of mechanical damage, ingress of moisture, dirt and chemicals. Close attention must be paid to the temperature ratings of wire and cable; therefore, storage must be in an environment consistent with the rating.

Read More

 

Stephen LeeCEW caught up with General Manager of EiKO’s Canadian division Stephen Lee, who was kind enough to take some time out of his busy schedule to share his perspective on the industry.

EiKO is a global fixture, lamp and, more recently, controls manufacturer headquartered in Shawnee, Kansas. Additional locations include European operations in Frankfurt, Germany; APAC operations in Taiwan; and Canadian operations in Barrie, Ontario. EiKO also has five distribution centres in North America located in Ontario, Alberta, Kansas, Nevada, and New Jersey.

 

 

Read More

Q4 GDPGrowth in real gross domestic product (GDP) slowed to 0.1% in the fourth quarter, owing to a decrease in business investment and weak international trade. These declines were offset by increased household spending. Final domestic demand edged up 0.2%, after rising 0.8% in the third quarter.

The annual growth rate of Canada's real GDP was 1.6% for 2019, a deceleration from the 2.0% growth in 2018. By comparison, real GDP in the United States increased 2.3%.

 

 

 

Read More

 

Changing Scene

  • Prev
With the COVID-19 crisis underway, EFC is working diligently to provide current electrical ...
Submit your nomination for the EFC 2020 Trailblazer Award and EFC 2020 Industry ...
Hammond Power Solutions Inc. announced its financial results for the Fourth Quarter of 2019. ...
Electricity Human Resources Canada (EHRC) celebrated innovation and leadership in human resources ...
On January 31,2020, the new IDEA Connector will go live to over 6500 distributor locations with ...
Arlington Industries has announced the recipients of their rep sales awards for 2019.   ...
EDGE Global Supply, through its subsidiary Technology BSA, completed the acquisition of RK ...
AD is reporting total 2019 member sales across its 12 divisions were $46.3 billion, an increase of ...
WESCO International announces its results for the fourth quarter and full year 2019.   ...
After six years as president of AD’s Electrical Business Unit and chief marketing officer, Ed ...

ElectrofedDo you or an expert you know have an electrical topic that requires the attention of a greater audience? Are you and your company leading innovative strides and can benefit from sharing your expertise? Have your Product Section expertise and innovation recognized as a thought leader!

Electro-Federation Canada (EFC) is currently accepting proposals for product section members to be featured in an electro|POD podcast series to promote the innovation and best practices EFC’s various Product Sections are collaborating on.

Read More

 

 

 

 

Mary ShawNorth American electrical industry veteran Mary Shaw has been announced as the executive director of ETIM North America, a non-profit association charged with promoting and maintaining the ETIM global technical data classification standard in the U.S., Canada and Mexico.

ETIM North America (NA) is one of 22 ETIM federations around the world dedicated to propagating the ETIM classification model to assist manufacturing and distribution companies with the exchange and digitization of product information throughout the supply chain, to end users and to engineers and architects.

Read More

 

Legrand Lighting ControlsLegrand, North and Central America (LNCA) announced the acquisition, subject to closing, of Focal Point, a Chicago-based privately held manufacturer of architectural lighting products.

This acquisition is Legrand’s fifth addition to its Lighting Sector and marks the company’s elevation to a full solutions provider in the architectural lighting space. Legrand provides a high degree of autonomy to its lighting companies and supports Focal Point's business leadership team in the pursuit of innovation and growth. Legrand’s scale and infrastructure will allow Focal Point to deliver innovative lighting solutions to their customers, faster and with capabilities that are more robust.

Read More

 

 

Peers & Profiles

  • Prev
Sean Bernard is the Intelligent Controls Manager, Canada for Ideal Industries. Sean resides in ...
Christina Huang is a Senior Contracts Manager for Schneider Electric. She has a varied, technical ...
Jenny Ng is a Business Development Manager for the Power Solutions Division of Schneider Electric. ...
With over 60-years of experience in the lighting industry, CBC Lighting has established itself as a ...

Éric DeschênesLine Goyette

A new figure at the head of the electrification business unit and ABB Canada, Éric Deschênes is not a newcomer to the electrical industry. A long journey that we have already highlighted by emphasizing his passion for finding practical solutions that optimize the adoption of technologies. We met with him recently to discuss his new leadership role at ABB Canada and his projects. First, he would like to point out that recent changes to ABB Canada’s structure, as elsewhere in the world, have been made to decomplex the customer relationship. “The corporate matrix has been lightened to get closer to the customer,” says Éric.

Read More

 

Looking Back

Has no content to show!

Copper $US Dollar price per pound

Kerrwil Publications Great Place to Work. Certified December 2019 - December 2020

538 Elizabeth Street, Midland,Ontario, Canada L4R2A3 +1 705 527 7666
©2020 All rights reserved

Use of this Site constitutes acceptance of our Privacy Policy (effective 1.1.2016)
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Kerrwil