Autocrib 5.3 software eliminates dead inventory

AutoCrib has released its new inventory management software application, AutoCrib 5.3.

AutoCrib 5.3 can manage traditional cribs and stores as well as AutoCrib's extensive line of point-of-use dispensing systems.

AutoCrib's new Demand-Based Ordering seeks to alter the way perishable tooling, safety supplies, MRO supplies and other 'indirect materials' are ordered in today's lean manufacturing plants.

Stephen Pixley, chief executive officer of AutoCrib, said: 'I have watched distributors and customers alike struggle with slow and dead inventory for years, and decided to start researching advanced inventory algorithms.

'My analysis showed that they were backwards for industrial vending, so I reworked them to produce radical increases in manufacturing productivity while dramatically cutting costs at the same time.

'Based on my knowledge of the industry, as well as my experience as both a distributor and shop owner/operator, I worked with the AutoCrib development team to integrate these advanced algorithms into AutoCrib software that will revolutionise the supply chain.' AutoCrib has delivered an automatic system that eliminates the need to ever set up and review a min/max or reorder point systems.

After a short period of usage, history is automatically developed and the system takes over, constantly monitoring all of the items in the system, looking for trends, spikes and normal usage, which is then balanced against known lead times from the suppliers.

Case studies show that those who move to Demand Based Ordering over standard min/max-based purchasing can run their tool cribs and point of use dispensing equipment with 20 per cent less inventory and zero stock outs.

For the end-user, Demand-Based Ordering cuts inventory and related costs, eliminates stock outs and related complications such as shut downs, emergency orders, overnight shipping and rush charges, while it prevents dead inventory from ever being ordered.

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